Unum Group (NYSE:UNM – Get a Rating) saw its price target lowered by Barclays from $35.00 to $33.00 in a research note published on Wednesday, reports The Fly. The company currently has an “underweight” rating on shares of the financial services provider. Barclays’ price target points to a potential upside of 4.13% from the stock’s previous close.
Several other research analysts have also published reports on UNM. JPMorgan Chase & Co. raised its price target on Unum Group from $34.00 to $36.00 in a research note on Monday. Citigroup launched coverage on Unum Group in a research note on Monday, May 23. They issued a “neutral” rating and a target price of $36.00 for the company. Evercore ISI raised its target price on Unum Group from $35.00 to $37.00 and gave the company an “in-line” rating in a Wednesday, July 6 research note. Goldman Sachs Group raised its price target on Unum Group from $36.00 to $40.00 and gave the company a “buy” rating in a Monday, June 6 research note. Finally, Morgan Stanley lowered its target price on Unum Group from $35.00 to $34.00 and set an “equal weight” rating for the company in a Wednesday, July 6 research note. One analyst rated the stock with a sell rating, six issued a hold rating and two gave the company’s stock a buy rating. According to data from MarketBeat, Unum Group has an average rating of “Hold” and a consensus price target of $32.22.
Unum Group stock opened Wednesday at $31.69. The company has a debt ratio of 0.32, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a fifty-day moving average price of $34.54 and a two-hundred-day moving average price of $30.83. Unum Group has a 52-week minimum of $22.25 and a 52-week maximum of $37.49. The company has a market capitalization of $6.37 billion, a P/E ratio of 7.01, a P/E/G ratio of 0.54 and a beta of 1.38.
Unum Group (NYSE:UNM – Get Rating) last released its quarterly earnings data 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 in the quarter, versus analyst estimates of $3.02 billion. During the same period a year earlier, the company posted earnings per share of $1.04. The company’s revenue for the quarter was down 2.9% from the same quarter last year. On average, equity research analysts expect Unum Group to post an EPS of 5.2 for the current financial year.
Separately, Executive Vice President Christopher W. Pyne sold 7,149 shares of the company in a trade dated Wednesday, May 11. The stock was sold at an average price of $35.13, for a total value of $251,144.37. Following the transaction, the executive vice president now owns 50,781 shares of the company, valued at $1,783,936.53. The transaction was disclosed in a document filed with the SEC, which is available via this hyperlink. Additionally, Executive Vice President Lisa G. Iglesias sold 30,000 shares of the company in a transaction dated Monday, April 18. The shares were sold at an average price of $32.55, for a total value of $976,500.00. Following the completion of the transaction, the executive vice president now owns 76,814 shares of the company, valued at approximately $2,500,295.70. The disclosure of this sale can be found here. Last quarter, insiders sold 79,453 shares of the company worth $2,765,621. 0.77% of the shares are held by insiders of the company.
A number of institutional investors and hedge funds have recently changed their holdings of UNM. Viking Global Investors LP bought a new position in Unum Group during the first quarter worth approximately $35,847,000. Millennium Management LLC increased its stake in Unum Group by 140.6% during the fourth 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 in the last quarter. BlackRock Inc. increased its stake in Unum Group by 3.7% in the first 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. Wedge Capital Management LLP NC increased its stake in Unum Group by 8,319.0% during the second quarter. Wedge Capital Management LLP NC now owns 831,124 shares of the financial services provider worth $28,275,000 after purchasing an additional 821,252 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Unum Group by 45.4% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s shares.
Unum Group Company Profile (Get a rating)
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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