SunTrust Banks reiterated their buy rating on shares of Unum Group (NYSE:UNM) in a report published on Thursday morning. They currently have a $69.00 price target on the financial services provider’s stock. SunTrust Banks also issued estimates for Unum Group’s Q1 2018 earnings at $1.23 EPS, Q2 2018 earnings at $1.29 EPS, Q3 2018 earnings at $1.28 EPS and Q4 2018 earnings at $1.35 EPS.
UNM has been the topic of a number of other research reports. Morgan Stanley upped their target price on shares of Unum Group from $52.00 to $55.00 and gave the stock an equal weight rating in a report on Thursday, October 5th. Zacks Investment Research raised shares of Unum Group from a hold rating to a buy rating and set a $58.00 target price on the stock in a report on Thursday, October 5th. Goldman Sachs Group initiated coverage on shares of Unum Group in a report on Wednesday, October 18th. They set a sell rating and a $48.00 target price on the stock. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $53.00 target price on shares of Unum Group in a report on Friday, November 10th. Finally, B. Riley raised shares of Unum Group from a sell rating to a neutral rating and upped their target price for the stock from $43.00 to $52.00 in a report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Hold and a consensus target price of $56.00.
Unum Group (NYSE:UNM) traded up $0.37 during trading on Thursday, reaching $58.59. 997,333 shares of the company were exchanged, compared to its average volume of 1,305,491. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.29. The company has a market cap of $13,063.93, a price-to-earnings ratio of 13.75, a PEG ratio of 1.74 and a beta of 1.67. Unum Group has a twelve month low of $43.55 and a twelve month high of $58.73.
Unum Group (NYSE:UNM) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.05. The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.82 billion. Unum Group had a net margin of 8.67% and a return on equity of 10.37%. Unum Group’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.01 EPS. research analysts anticipate that Unum Group will post 4.23 earnings per share for the current year.
In other news, Director E Michael Caulfield sold 3,814 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $52.42, for a total value of $199,929.88. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Timothy Gerald Arnold sold 1,000 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $55.07, for a total transaction of $55,070.00. The disclosure for this sale can be found here. Insiders sold a total of 21,122 shares of company stock worth $1,136,688 in the last three months. Insiders own 0.53% of the company’s stock.
Large investors have recently modified their holdings of the company. BB&T Investment Services Inc. bought a new position in shares of Unum Group in the 2nd quarter worth $100,000. Invictus RG bought a new position in shares of Unum Group in the 3rd quarter worth $176,000. Keel Point LLC bought a new position in shares of Unum Group in the 3rd quarter worth $202,000. Schulhoff & Co. Inc. purchased a new stake in shares of Unum Group in the 3rd quarter valued at $204,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of Unum Group in the 3rd quarter valued at $205,000. 91.52% of the stock is currently owned by hedge funds and other institutional investors.
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Unum Group Company Profile
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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