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

Shares of Unum Group (NYSE:UNMGet Rating) have received a consensus rating of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $31.00.

Several equities analysts recently weighed in on the stock. Citigroup assumed coverage on shares of Unum Group in a report on Monday. They issued a “neutral” rating and a $36.00 price target on the stock. Barclays raised their price objective on shares of Unum Group from $31.00 to $35.00 in a research note on Tuesday, May 10th. JPMorgan Chase & Co. increased their target price on Unum Group from $30.00 to $34.00 in a research report on Tuesday, April 5th. StockNews.com upgraded Unum Group from a “hold” rating to a “buy” rating in a report on Thursday, May 12th. Finally, Zacks Investment Research lowered Unum Group from a “hold” rating to a “sell” rating and set a $29.00 price objective on the stock. in a report on Wednesday, February 23rd.

Shares of UNM opened at $35.08 on Thursday. Unum Group has a 12-month low of $22.25 and a 12-month high of $36.73. The firm has a fifty day moving average price of $32.65 and a 200-day moving average price of $28.45. The firm has a market capitalization of $7.05 billion, a P/E ratio of 7.76, a P/E/G ratio of 0.58 and a beta of 1.44. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.32.

Unum Group (NYSE:UNMGet Rating) last released its quarterly earnings results on Thursday, May 5th. The financial services provider reported $1.36 EPS for the quarter, beating the consensus estimate of $0.81 by $0.55. The business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $3.02 billion. Unum Group had a net margin of 7.75% and a return on equity of 8.67%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.04 earnings per share. Analysts predict that Unum Group will post 5.17 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 20th. Investors of record on Friday, April 29th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Thursday, April 28th. Unum Group’s dividend payout ratio is presently 26.55%.

In other Unum Group news, EVP Lisa G. Iglesias sold 30,000 shares of the business’s 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 directly owns 76,814 shares in the company, valued at $2,500,295.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Cherie Pashley sold 7,033 shares of the business’s stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $35.68, for a total transaction of $250,937.44. Following the sale, the chief accounting officer now owns 18,413 shares of the company’s stock, valued at $656,975.84. The disclosure for this sale can be found here. Insiders have sold 99,453 shares of company stock worth $3,365,621 in the last ninety days. 0.77% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ahrens Investment Partners LLC acquired a new position in Unum Group in the first quarter valued at approximately $32,000. Koshinski Asset Management Inc. raised 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 in the last quarter. 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 buying an additional 500 shares in the last quarter. Jones Financial Companies Lllp bought a new position in shares of Unum Group in the first quarter valued at $37,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of Unum Group in the first quarter valued at $40,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Unum Group (NYSE:UNM)

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