Unum Group (NYSE:UNM – Get a Rating) had its price target raised by Credit Suisse Group analysts from $21.00 to $37.00 in a report on Thursday, reports The Fly. Credit Suisse Group’s target price indicates a potential downside of 5.92% from the company’s current price.
UNM has been the subject of several other reports. Barclays raised its price target on Unum Group shares from $33.00 to $36.00 and gave the stock an “underweight” rating in a Friday, August 5 research note. Morgan Stanley raised its price target on Unum Group from $37.00 to $41.00 and gave the company an “equal weight” rating in a research note on Wednesday. Evercore ISI raised its price target on Unum Group shares from $35.00 to $37.00 and gave the company an “in-line” rating in a Wednesday, July 6 report. Citigroup assumed coverage of Unum Group shares in a Monday, May 23 report. They issued a “neutral” rating and a price target of $36.00 on the stock. Finally, StockNews.com upgraded Unum Group from a “hold” rating to a “buy” rating in a Friday, August 12 research report. One analyst rated the stock with a sell rating, six issued a hold rating and two assigned a buy rating to the company’s stock. According to MarketBeat, Unum Group currently has a consensus rating of “Hold” and a consensus price target of $35.11.
Unum Group shares fall 0.1%
Unum Group shares opened at $39.33 on Thursday. The company has a debt ratio of 0.35, a quick ratio of 0.30 and a current ratio of 0.30. The company has a 50-day moving average price of $34.04 and a 200-day moving average price of $32.27. Unum Group has a fifty-two week minimum of $22.25 and a fifty-two week maximum of $39.70. The company has a market capitalization of $7.87 billion, a PE ratio of 7.20, a growth price-earnings ratio of 0.51 and a beta of 1.29.
Unum Group Institutional Trading
Several hedge funds and other institutional investors have recently changed their positions in the company. Viking Global Investors LP purchased a new position in shares of Unum Group during Q1 for a value of approximately $35,847,000. Bain Capital Public Equity Management II LLC acquired a new position in Unum Group during the second quarter at a value of $32,256,000. Millennium Management LLC increased its position in Unum Group by 140.6% in the fourth quarter. Millennium Management LLC now owns 1,485,849 shares of the financial services provider worth $36,507,000 after acquiring 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 valued at $746,204,000 after acquiring an additional 836,407 shares during the period. Finally, Wedge Capital Management LLP NC increased its position in Unum Group shares 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 buying an additional 821,252 shares last quarter. Hedge funds and other institutional investors hold 85.36% of the company’s shares.
Unum Group Company Profile
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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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