Analysts at Credit Suisse Group AG started coverage on shares of Unum Group (NYSE:UNM) in a report released on Friday, The Fly reports. The brokerage set a “neutral” rating on the stock.
UNM has been the subject of several other reports. Zacks Investment Research upgraded Unum Group from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. Bank of America Corp. lowered Unum Group from a “neutral” rating to an “underperform” rating in a research note on Wednesday, June 29th. Goldman Sachs Group Inc. raised their target price on Unum Group from $30.00 to $33.00 and gave the company a “sell” rating in a research note on Friday, September 23rd. Evercore ISI initiated coverage on Unum Group in a research note on Wednesday, July 6th. They issued a “sell” rating and a $29.00 target price for the company. Finally, Deutsche Bank AG lowered their target price on Unum Group from $38.00 to $33.00 and set a “hold” rating for the company in a research note on Thursday, July 7th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $36.15.
Shares of Unum Group (NYSE:UNM) opened at 36.58 on Friday. Unum Group has a 12-month low of $23.99 and a 12-month high of $37.26. The firm has a market cap of $8.58 billion, a P/E ratio of 10.08 and a beta of 1.50. The firm’s 50-day moving average price is $35.14 and its 200 day moving average price is $33.75.
Unum Group (NYSE:UNM) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.05. Unum Group had a return on equity of 10.37% and a net margin of 8.07%. The firm earned $2.76 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same period in the prior year, the company posted $0.90 earnings per share. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts expect that Unum Group will post $3.86 earnings per share for the current fiscal year.
In other Unum Group news, Director Thomas R. Watjen sold 40,000 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $33.24, for a total transaction of $1,329,600.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.62% of the company’s stock.
A number of institutional investors have recently modified their holdings of the company. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Unum Group during the second quarter worth about $305,000. Kentucky Retirement Systems bought a new position in shares of Unum Group during the second quarter worth about $643,000. KAMES CAPITAL plc bought a new position in shares of Unum Group during the second quarter worth about $809,000. Mason Street Advisors LLC bought a new position in shares of Unum Group during the second quarter worth about $1,018,000. Finally, Royal Bank of Canada boosted its position in shares of Unum Group by 23.8% in the second quarter. Royal Bank of Canada now owns 1,051,374 shares of the company’s stock worth $33,423,000 after buying an additional 202,366 shares during the period. Hedge funds and other institutional investors own 93.67% of the company’s stock.
Unum Group Company Profile
Unum Group is a provider of disability insurance products in the United States and the United Kingdom. The Company provides a portfolio of other insurance products, including employer and employee paid group benefits, life insurance and other related services. Its segments are Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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