Unum Group (UNM) Stock Rating Reaffirmed by SunTrust Banks

Unum Group (NYSE:UNM)‘s stock had its “buy” rating restated by investment analysts at SunTrust Banks in a research report issued on Thursday, January 11th. They presently have a $69.00 price objective on the financial services provider’s stock. SunTrust Banks’ target price suggests a potential upside of 32.16% from the company’s previous close. 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 research analysts have also commented on UNM. Zacks Investment Research lowered shares of Unum Group from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Royal Bank of Canada restated a “hold” rating and issued a $51.00 price objective on shares of Unum Group in a report on Tuesday, October 10th. Deutsche Bank assumed coverage on shares of Unum Group in a report on Tuesday, January 2nd. They issued a “hold” rating and a $58.00 price objective for the company. B. Riley upgraded shares of Unum Group from a “sell” rating to a “neutral” rating and increased their price target for the stock from $43.00 to $52.00 in a research note on Monday, November 6th. Finally, Goldman Sachs Group assumed coverage on shares of Unum Group in a research note on Wednesday, October 18th. They issued a “sell” rating and a $48.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $56.18.

Unum Group (NYSE:UNM) traded down $0.50 during trading hours on Thursday, reaching $52.21. 347,737 shares of the company were exchanged, compared to its average volume of 1,742,370. Unum Group has a 52 week low of $43.55 and a 52 week high of $58.73. 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 $11,730.45, a price-to-earnings ratio of 12.29, a P/E/G ratio of 1.46 and a beta of 1.51.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.05. Unum Group had a net margin of 8.81% and a return on equity of 10.43%. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period in the prior year, the business posted $0.99 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year. research analysts predict that Unum Group will post 5.15 EPS for the current fiscal year.

In other Unum Group news, CEO Timothy Gerald Arnold sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $55.07, for a total transaction of $55,070.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO John F. Mcgarry sold 4,588 shares of the firm’s stock in a transaction that occurred on 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 sold a total of 21,896 shares of company stock worth $1,203,733 in the last quarter. Company insiders own 0.53% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Unum Group by 1.4% during the second quarter. Vanguard Group Inc. now owns 24,407,058 shares of the financial services provider’s stock valued at $1,138,102,000 after buying an additional 337,531 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Unum Group by 7.5% during the second quarter. Ameriprise Financial Inc. now owns 4,216,005 shares of the financial services provider’s stock valued at $196,593,000 after buying an additional 292,664 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Unum Group by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,288,709 shares of the financial services provider’s stock valued at $153,356,000 after buying an additional 19,134 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Unum Group by 21.2% during the third quarter. Bank of New York Mellon Corp now owns 2,944,398 shares of the financial services provider’s stock valued at $150,548,000 after buying an additional 515,351 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Unum Group by 8,280.8% during the second quarter. Janus Henderson Group PLC now owns 2,062,519 shares of the financial services provider’s stock valued at $96,175,000 after buying an additional 2,037,909 shares during the last quarter. Institutional investors own 91.60% of the company’s stock.

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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.

Analyst Recommendations for Unum Group (NYSE:UNM)

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