Unum Group (NYSE:UNM) Price Target Raised to $35.00

Unum Group (NYSE:UNM – Get Rating) had its price target upped by Barclays from $31.00 to $35.00 in a research note issued to investors on Tuesday, The Fly reports. Barclays‘s price objective indicates a potential downside of 3.47% from the stock’s current price.

A number of other brokerages have also recently weighed in on UNM. Jefferies Financial Group started coverage on shares of Unum Group in a report on Tuesday, January 25th. They set a “hold” rating and a $27.00 target price for the company. JPMorgan Chase & Co. raised their target price on shares of Unum Group from $30.00 to $34.00 in a report on Tuesday, April 5th. Wolfe Research began coverage on shares of Unum Group in a report on Friday, January 21st. They set a “market perform” rating and a $26.00 target price for the company. Zacks Investment Research lowered shares of Unum Group from a “hold” rating to a “sell” rating and set a $29.00 price objective for the company. in a research note on Wednesday, February 23rd. Finally, StockNews.com began coverage on shares of Unum Group in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $30.38.

Unum Group stock opened at $36.26 on Tuesday. The firm has a 50 day simple moving average of $30.93 and a 200-day simple moving average of $27.78. 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 market capitalization of $7.32 billion, a PE ratio of 8.02, a price-to-earnings-growth ratio of 0.70 and a beta of 1.44. Unum Group has a 12-month low of $22.25 and a 12-month high of $36.73.

Unum Group (NYSE:UNM – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.57. The business had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Unum Group had a net margin of 7.75% and a return on equity of 8.57%. The business’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm posted $1.04 earnings per share. On average, analysts forecast that Unum Group will post 4.48 earnings per share for the current fiscal year.

In other Unum Group news, COO Michael Q. Simonds sold 20,000 shares of Unum Group stock in a transaction that occurred on 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 filing with the SEC, which can be accessed through this hyperlink. Also, EVP Lisa G. Iglesias sold 30,000 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 76,814 shares of the company’s stock, valued at $2,500,295.70. The disclosure for this sale can be found here. Corporate insiders own 0.77% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Ahrens Investment Partners LLC acquired a new position in shares of Unum Group in the 1st quarter worth approximately $32,000. Koshinski Asset Management Inc. increased its stake in shares of Unum Group by 50.9% in the first quarter. Koshinski Asset Management Inc. now owns 1,132 shares of the financial services provider’s stock valued at $36,000 after buying an additional 382 shares in the last quarter. Addison Advisors LLC raised 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 buying an additional 500 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in Unum Group during the 1st quarter worth about $37,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of Unum Group in the first quarter worth about $40,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

About Unum Group (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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