Unum Group (NYSE:UNM) had its target price reduced by Morgan Stanley from $42.00 to $40.00 in a report issued on Wednesday, Stock Target Advisor reports. They currently have an equal weight rating on the financial services provider’s stock.

Several other research firms have also issued reports on UNM. TheStreet lowered shares of Zumiez from a b rating to a c+ rating in a research report on Thursday, June 6th. Credit Suisse Group started coverage on shares of LTC Properties in a research report on Wednesday. They issued an underperform rating and a $19.00 price target on the stock. ValuEngine upgraded shares of Yirendai from a strong sell rating to a sell rating in a research report on Friday, May 3rd. Finally, Zacks Investment Research upgraded shares of Icon from a hold rating to a buy rating and set a $157.00 price target on the stock in a research report on Thursday, May 30th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company has a consensus rating of Hold and an average price target of $40.00.

Unum Group stock opened at $33.08 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 0.17. The firm has a market capitalization of $6.96 billion, a price-to-earnings ratio of 6.36, a price-to-earnings-growth ratio of 0.67 and a beta of 1.50. Unum Group has a 1 year low of $26.76 and a 1 year high of $41.28. The business has a 50 day simple moving average of $33.24.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.31. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.99 billion. Unum Group had a net margin of 4.54% and a return on equity of 12.91%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.24 earnings per share. Analysts predict that Unum Group will post 5.44 EPS for the current fiscal year.

In related news, Director Gloria C. Larson sold 1,602 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $33.55, for a total value of $53,747.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.49% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Trexquant Investment LP boosted its stake in shares of Unum Group by 203.8% during the 1st quarter. Trexquant Investment LP now owns 86,600 shares of the financial services provider’s stock valued at $2,930,000 after buying an additional 58,091 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Unum Group during the 1st quarter valued at $688,000. Everence Capital Management Inc. acquired a new stake in shares of Unum Group during the 1st quarter valued at $472,000. Swiss National Bank boosted its stake in shares of Unum Group by 3.4% during the 1st quarter. Swiss National Bank now owns 729,867 shares of the financial services provider’s stock valued at $24,691,000 after buying an additional 23,800 shares during the period. Finally, Twin Capital Management Inc. boosted its stake in shares of Unum Group by 6.0% during the 1st quarter. Twin Capital Management Inc. now owns 30,350 shares of the financial services provider’s stock valued at $1,027,000 after buying an additional 1,730 shares during the period. 91.35% of the stock is owned by hedge funds and other institutional investors.

Unum Group Company Profile

Unum Group, together with its subsidiaries, provides financial protection benefit solutions in the United States, the United Kingdom, and internationally. It operates through Unum US, Unum UK, 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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