Unum Group (NYSE:UNM) Given New $35.00 Price Target at Barclays

Unum Group (NYSE:UNMGet Rating) had its target price hoisted by Barclays from $31.00 to $35.00 in a report published on Tuesday morning, The Fly reports.

Other research analysts have also issued reports about the company. Wolfe Research initiated coverage on Unum Group in a research note on Friday, January 21st. They set a market perform rating and a $26.00 price objective for the company. Zacks Investment Research lowered Unum Group from a hold rating to a sell rating and set a $29.00 price target on the stock. in a research report on Wednesday, February 23rd. Jefferies Financial Group began coverage on Unum Group in a research report on Tuesday, January 25th. They issued a hold rating and a $27.00 price objective for the company. StockNews.com began coverage on Unum Group in a report on Thursday, March 31st. They set a hold rating on the stock. Finally, JPMorgan Chase & Co. lifted their price target on Unum Group from $30.00 to $34.00 in a report on Tuesday, April 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Unum Group has an average rating of Hold and an average target price of $30.38.

Shares of UNM stock opened at $36.26 on Tuesday. Unum Group has a one year low of $22.25 and a one year high of $36.73. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a fifty day moving average price of $30.93 and a 200 day moving average price of $27.78. The stock has a market cap of $7.32 billion, a P/E ratio of 8.02, a price-to-earnings-growth ratio of 0.70 and a beta of 1.44.

Unum Group (NYSE:UNMGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The financial services provider reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.57. Unum Group had a net margin of 7.75% and a return on equity of 8.57%. The firm had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter last year, the company earned $1.04 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities research analysts anticipate that Unum Group will post 4.48 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 20th. Shareholders of record on Friday, April 29th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Thursday, April 28th. Unum Group’s dividend payout ratio is presently 26.55%.

In other Unum Group news, COO Michael Q. Simonds sold 20,000 shares of Unum Group stock in a transaction dated Tuesday, March 22nd. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Lisa G. Iglesias sold 30,000 shares of the stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $32.55, for a total value 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 $2,500,295.70. The disclosure for this sale can be found here. Insiders own 0.77% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in UNM. Ahrens Investment Partners LLC acquired a new position in shares of Unum Group during the first quarter worth about $32,000. Koshinski Asset Management Inc. grew its holdings in Unum Group by 50.9% during the first quarter. Koshinski Asset Management Inc. now owns 1,132 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 382 shares during the period. Addison Advisors LLC increased its holdings in shares of Unum Group by 74.3% in the first 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 last quarter. Jones Financial Companies Lllp acquired a new position in shares of Unum Group in the first quarter valued at approximately $37,000. Finally, Exchange Traded Concepts LLC bought a new position in Unum Group during the first quarter worth about $40,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

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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