Unum Group (NYSE:UNM) Receives Average Recommendation of “Hold” from Analysts

Unum Group (NYSE:UNMGet Rating) has been given an average rating of “Hold” by the ten research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $29.88.

A number of brokerages recently issued reports on UNM. Wolfe Research began coverage on shares of Unum Group in a research note on Friday, January 21st. They issued a “market perform” rating and a $26.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Unum Group from $30.00 to $34.00 in a research note on Tuesday, April 5th. Zacks Investment Research cut shares of Unum Group from a “hold” rating to a “sell” rating and set a $29.00 price objective on the stock. in a research note on Wednesday, February 23rd. Barclays lifted their price objective on shares of Unum Group from $28.00 to $31.00 and gave the company an “underweight” rating in a research note on Tuesday, April 12th. Finally, StockNews.com assumed coverage on shares of Unum Group in a research report on Thursday, March 31st. They issued a “hold” rating on the stock.

Shares of UNM opened at $30.52 on Friday. Unum Group has a 12 month low of $22.25 and a 12 month high of $34.28. The firm’s 50 day moving average is $30.29 and its 200-day moving average is $27.53. The stock has a market capitalization of $6.16 billion, a PE ratio of 7.59, a P/E/G ratio of 0.61 and a beta of 1.53. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.30.

Unum Group (NYSE:UNMGet Rating) last announced its quarterly earnings data on Tuesday, February 1st. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Unum Group had a net margin of 6.86% and a return on equity of 8.09%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the firm posted $1.15 earnings per share. Equities research analysts predict that Unum Group will post 4.48 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 20th. Shareholders of record on Friday, April 29th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, April 28th. This represents a $1.20 dividend on an annualized basis and a yield of 3.93%. Unum Group’s dividend payout ratio is currently 29.85%.

In other Unum Group news, EVP Lisa G. Iglesias sold 30,000 shares of the stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $32.55, for a total transaction of $976,500.00. Following the completion of the sale, the executive vice president now owns 76,814 shares of the company’s stock, valued at approximately $2,500,295.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael Q. Simonds sold 20,000 shares of the stock in a transaction that occurred on Tuesday, March 22nd. The shares were sold at an average price of $30.00, for a total transaction of $600,000.00. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Ahrens Investment Partners LLC acquired a new stake in Unum Group during the 1st quarter valued at approximately $32,000. Koshinski Asset Management Inc. increased its position in Unum Group by 50.9% during the 1st quarter. Koshinski Asset Management Inc. now owns 1,132 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 382 shares during the period. Addison Advisors LLC increased its position in Unum Group by 74.3% during the 1st quarter. Addison Advisors LLC now owns 1,173 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 500 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Unum Group during the 1st quarter valued at approximately $40,000. Finally, Steward Partners Investment Advisory LLC increased its position in Unum Group by 166.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,280 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 800 shares during the period. 82.47% of the stock is owned by institutional investors and hedge funds.

Unum Group Company Profile (Get Rating)

Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, and Poland. It operates through Unum US, Unum International, Colonial Life, and Closed Block segments. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.

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Analyst Recommendations for Unum Group (NYSE:UNM)

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