Unum Group (NYSE:UNM) Given Hold Rating at Royal Bank Of Canada
A number of other brokerages also recently commented on UNM. BidaskClub upgraded shares of Unum Group from a hold rating to a buy rating in a report on Tuesday. Zacks Investment Research downgraded shares of Unum Group from a buy rating to a hold rating in a report on Thursday, July 6th. Finally, Deutsche Bank AG lifted their price target on shares of Unum Group from $46.00 to $48.00 and gave the stock a hold rating in a report on Wednesday, April 19th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $45.10.
Unum Group (UNM) traded up 1.56% during mid-day trading on Wednesday, hitting $48.15. 848,965 shares of the stock were exchanged. Unum Group has a one year low of $30.84 and a one year high of $50.27. The company has a 50-day moving average price of $45.81 and a 200-day moving average price of $46.17. The company has a market cap of $10.99 billion, a P/E ratio of 11.82 and a beta of 1.55.
Unum Group (NYSE:UNM) last posted its earnings results on Wednesday, April 26th. The financial services provider reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.02. Unum Group had a net margin of 8.54% and a return on equity of 10.23%. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period last year, the firm posted $0.94 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts forecast that Unum Group will post $4.10 earnings per share for the current fiscal year.
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In related news, EVP Breege A. Farrell sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $45.47, for a total value of $682,050.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Q. Simonds sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $46.61, for a total transaction of $233,050.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,260 shares of company stock valued at $927,174. 0.53% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in UNM. Bronfman E.L. Rothschild L.P. increased its stake in Unum Group by 1.2% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,434 shares of the financial services provider’s stock worth $114,000 after buying an additional 29 shares during the last quarter. Crestwood Advisors Group LLC bought a new stake in Unum Group during the first quarter worth about $150,000. First Manhattan Co. increased its stake in Unum Group by 23.0% in the first quarter. First Manhattan Co. now owns 5,350 shares of the financial services provider’s stock worth $188,000 after buying an additional 1,000 shares during the last quarter. Federated Investors Inc. PA increased its stake in Unum Group by 217,300.0% in the fourth quarter. Federated Investors Inc. PA now owns 4,348 shares of the financial services provider’s stock worth $191,000 after buying an additional 4,346 shares during the last quarter. Finally, Coastline Trust Co bought a new stake in Unum Group during the first quarter worth about $202,000. Hedge funds and other institutional investors own 93.03% of the company’s stock.
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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