Unum Group (NYSE:UNM)‘s stock had its “buy” rating reissued by research analysts at SunTrust Banks in a report released on Thursday, January 11th. They currently have a $69.00 price objective on the financial services provider’s stock. SunTrust Banks’ price target would suggest a potential upside of 23.24% from the company’s current price. 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.
Several other equities research analysts also recently issued reports on UNM. Morgan Stanley raised 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. Zacks Investment Research downgraded Unum Group from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. Wells Fargo & Co set a $56.00 target price on Unum Group and gave the stock a “hold” rating in a research report on Wednesday, December 13th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $53.00 target price on shares of Unum Group in a research report on Friday, November 10th. Finally, B. Riley raised Unum Group from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $43.00 to $52.00 in a report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $56.00.
Unum Group (UNM) traded down $0.15 on Thursday, hitting $55.99. The stock had a trading volume of 1,822,962 shares, compared to its average volume of 1,167,201. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.17 and a quick ratio of 0.17. Unum Group has a one year low of $43.55 and a one year high of $58.73. The stock has a market capitalization of $12,597.20, a price-to-earnings ratio of 13.14, a P/E/G ratio of 1.57 and a beta of 1.67.
Unum Group (NYSE:UNM) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.05. Unum Group had a return on equity of 10.37% and a net margin of 8.67%. The business had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same period last year, the company earned $1.01 earnings per share. Unum Group’s quarterly revenue was up 2.0% compared to the same quarter last year. equities analysts expect that Unum Group will post 4.23 earnings per share for the current year.
In other Unum Group news, CEO Timothy Gerald Arnold sold 1,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $55.07, for a total transaction of $55,070.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO John F. Mcgarry sold 4,588 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $58.19, for a total transaction of $266,975.72. The disclosure for this sale can be found here. Insiders have sold a total of 25,710 shares of company stock valued at $1,403,663 in the last ninety days. Company insiders own 0.53% of the company’s stock.
A number of large investors have recently modified their holdings of UNM. BB&T Investment Services Inc. bought a new stake in shares of Unum Group in the 2nd quarter valued at about $100,000. Invictus RG bought a new stake in shares of Unum Group in the 3rd quarter valued at about $176,000. Keel Point LLC bought a new stake in shares of Unum Group in the 3rd quarter valued at about $202,000. Schulhoff & Co. Inc. bought a new stake in shares of Unum Group in the 3rd quarter valued at about $204,000. Finally, Stratos Wealth Partners LTD. bought a new stake in shares of Unum Group in the 3rd quarter valued at about $205,000. 91.75% of the stock is currently owned by hedge funds and other 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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