Unum Group (NYSE:UNM – Get a Rating) had its price target raised by Credit Suisse Group analysts from $18.00 to $21.00 in a note to investors released Wednesday, Marketbeat.com reports. The company currently has a “neutral” rating on shares of the financial services provider. Credit Suisse Group’s price target would suggest a potential decline of 38.27% from the company’s previous close.
A number of other stock analysts also weighed in on UNM. StockNews.com upgraded Unum Group from a “hold” rating to a “buy” rating in a Thursday, May 12 research report. Goldman Sachs Group raised its price target on Unum Group from $36.00 to $40.00 and gave the stock a “buy” rating in a Monday, June 6 research report. Citigroup assumed coverage for Unum Group in a research report on Monday, May 23. They set a “neutral” rating and a target price of $36.00 on the stock. Barclays raised its price target on Unum Group from $31.00 to $35.00 in a Tuesday May 10 report. Finally, JPMorgan Chase & Co. raised its price target on Unum Group from $30.00 to $34.00 in a Tuesday, April 5 report. One financial analyst gave the stock a sell rating, five gave the company a hold rating and two gave the company a buy rating. Based on MarketBeat data, Unum Group currently has an average rating of “Hold” and a consensus target price of $31.25.
Shares of UNM opened at $34.02 on Wednesday. Unum Group has a 52-week minimum of $22.25 and a 52-week maximum of $37.49. The company has a debt ratio of 0.32, a quick ratio of 0.29 and a current ratio of 0.29. The company’s 50-day moving average price is $34.31 and its two-hundred-day moving average price is $30.21. The company has a market capitalization of $6.84 billion, a PE ratio of 7.53, a growth price-earnings ratio of 0.56 and a beta of 1.42.
Unum Group (NYSE:UNM – Get Rating) last released its quarterly results on Thursday, May 5. The financial services provider reported earnings per share (EPS) of $1.36 for the quarter, beating the consensus estimate of $0.81 by $0.55. Unum Group achieved a return on equity of 8.67% and a net margin of 7.75%. The company posted revenue of $2.98 billion for the quarter, versus analyst estimates of $3.02 billion. In the same period a year earlier, the company earned earnings per share of $1.04. The company’s revenue decreased by 2.9% compared to the same quarter last year. Research analysts predict that Unum Group will post EPS of 5.19 for the current fiscal year.
In other news, Executive Vice President Lisa G. Iglesias sold 30,000 shares of the company in a trade on Monday, April 18. The stock was sold at an average price of $32.55, for a total transaction of $976,500.00. Following the transaction, the executive vice president now owns 76,814 shares of the company, valued at approximately $2,500,295.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Additionally, Executive Vice President Christopher W. Pyne sold 7,149 shares of the company in a trade on Wednesday, May 11. The shares were sold at an average price of $35.13, for a total value of $251,144.37. Following the transaction, the executive vice president now directly owns 50,781 shares of the company, valued at approximately $1,783,936.53. The disclosure of this sale can be found here. Insiders sold a total of 79,453 shares of the company worth $2,765,621 in the past ninety days. Insiders own 0.77% of the shares of the company.
A number of institutional investors and hedge funds have recently changed their holdings of UNM. Viking Global Investors LP purchased a new stake in Unum Group during Q1 worth approximately $35,847,000. Millennium Management LLC increased its stake in Unum Group by 140.6% during the 4th quarter. Millennium Management LLC now owns 1,485,849 shares of the financial services provider worth $36,507,000 after purchasing an additional 868,359 shares last quarter. BlackRock Inc. increased its stake in Unum Group by 3.7% in the 1st quarter. BlackRock Inc. now owns 23,681,485 shares of the financial services provider worth $746,204,000 after buying an additional 836,407 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Unum Group by 45.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,542,304 shares of the financial services provider worth $62,463,000 after buying an additional 793,407 shares last quarter. Finally, DE Shaw & Co. Inc. increased its stake in Unum Group by 169.4% during the 4th quarter. DE Shaw & Co. Inc. now owns 1,123,285 shares of the financial services provider worth $27,599,000 after buying an additional 706,260 shares last quarter. 85.36% of the shares are currently held by institutional investors and hedge funds.
Unum Group Company Profile (Get an assessment)
Unum Group, together with its subsidiaries, provides financial protection solutions primarily in the United States, United Kingdom and Poland. It operates through the Unum US, Unum International, Colonial Life and Closed Block segments. The company offers group products for short and long term disability, group life insurance and accidental death and dismemberment; complementary and voluntary products, such as individual disability benefits, voluntary benefits and dental and vision products; and accident, sickness, disability, life insurance, cancer and critical illness products.
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