Analysts at Deutsche Bank initiated coverage on shares of Unum Group (NYSE:UNM) in a research report issued to clients and investors on Tuesday, January 2nd, MarketBeat Ratings reports. The firm set a “hold” rating and a $58.00 price target on the financial services provider’s stock. Deutsche Bank’s price target indicates a potential downside of 1.01% from the company’s current price.
A number of other equities analysts have also recently commented on UNM. Zacks Investment Research cut Unum Group from a “buy” rating to a “hold” rating in a report on Monday, September 4th. SunTrust Banks reaffirmed a “buy” rating and issued a $58.00 price target on shares of Unum Group in a research report on Wednesday, September 27th. Morgan Stanley increased their price target on Unum Group from $52.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, October 5th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $51.00 price target on shares of Unum Group in a research report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $56.00.
Unum Group (UNM) opened at $58.59 on Tuesday. Unum Group has a twelve month low of $43.55 and a twelve month high of $58.73. The company has a market capitalization of $13,063.93, a PE ratio of 13.75, a P/E/G ratio of 1.74 and a beta of 1.67. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.29.
Unum Group (NYSE:UNM) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. Unum Group had a return on equity of 10.37% and a net margin of 8.67%. The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the business posted $1.01 EPS. Unum Group’s revenue for the quarter was up 2.0% on a year-over-year basis. equities analysts anticipate that Unum Group will post 4.23 earnings per share for the current fiscal year.
In other news, Director E Michael Caulfield sold 3,814 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $52.42, for a total transaction of $199,929.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Timothy Gerald Arnold sold 1,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $55.07, for a total value of $55,070.00. The disclosure for this sale can be found here. Insiders have sold a total of 21,122 shares of company stock worth $1,136,688 in the last three months. Corporate insiders own 0.53% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BB&T Investment Services Inc. acquired a new position in Unum Group during the second quarter worth approximately $100,000. Jacobi Capital Management LLC acquired a new position in Unum Group during the second quarter worth approximately $159,000. Invictus RG acquired a new position in Unum Group during the third quarter worth approximately $176,000. Keel Point LLC acquired a new position in Unum Group during the third quarter worth approximately $202,000. Finally, Schulhoff & Co. Inc. acquired a new position in Unum Group during the third quarter worth approximately $204,000. 91.52% of the stock is currently owned by institutional investors.
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About Unum Group
Unum Group is a provider of financial protection benefits in the United States and the United Kingdom. The Company’s products include disability, life, accident, critical illness, dental and vision, and other related services. Its segments include Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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