Shares of Unum Group (NYSE:UNM) have earned an average recommendation of “Hold” from the fifteen brokerages that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $53.33.

UNM has been the subject of several recent research reports. ValuEngine cut Unum Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, May 22nd. Wells Fargo & Co set a $53.00 price objective on Unum Group and gave the stock a “hold” rating in a research report on Thursday, May 24th. Zacks Investment Research cut Unum Group from a “hold” rating to a “sell” rating in a research report on Monday, June 4th. Citigroup set a $44.00 price objective on Unum Group and gave the stock a “hold” rating in a research report on Tuesday, June 12th. Finally, Barclays reduced their price objective on Unum Group from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Monday, July 9th.

In related news, EVP Breege A. Farrell sold 7,500 shares of the stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $40.66, for a total transaction of $304,950.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in Unum Group by 1.3% during the second quarter. BlackRock Inc. now owns 17,212,634 shares of the financial services provider’s stock valued at $636,697,000 after purchasing an additional 214,291 shares during the last quarter. LSV Asset Management lifted its position in shares of Unum Group by 3.5% in the second quarter. LSV Asset Management now owns 5,493,349 shares of the financial services provider’s stock valued at $203,198,000 after buying an additional 185,504 shares during the last quarter. Donald Smith & CO. Inc. lifted its position in shares of Unum Group by 158.2% in the second quarter. Donald Smith & CO. Inc. now owns 5,328,092 shares of the financial services provider’s stock valued at $197,086,000 after buying an additional 3,264,382 shares during the last quarter. Investec Asset Management LTD lifted its position in shares of Unum Group by 18.4% in the second quarter. Investec Asset Management LTD now owns 4,753,433 shares of the financial services provider’s stock valued at $175,829,000 after buying an additional 739,037 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of Unum Group in the second quarter valued at approximately $152,694,000. 91.17% of the stock is owned by hedge funds and other institutional investors.

Shares of Unum Group stock traded up $0.85 during trading hours on Friday, hitting $36.90. The company’s stock had a trading volume of 1,783,313 shares, compared to its average volume of 1,751,227. Unum Group has a 12 month low of $34.57 and a 12 month high of $58.73. The company has a market capitalization of $7.69 billion, a P/E ratio of 8.60, a price-to-earnings-growth ratio of 0.77 and a beta of 1.37. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.18 and a quick ratio of 0.18.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Monday, July 30th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.03. Unum Group had a return on equity of 11.19% and a net margin of 9.42%. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the company earned $1.05 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. equities analysts anticipate that Unum Group will post 5.1 EPS for the current fiscal year.

Unum Group declared that its Board of Directors has approved a stock repurchase plan on Thursday, May 24th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the financial services provider to purchase up to 8.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

The business also recently declared a quarterly dividend, which was paid on Friday, August 17th. Investors of record on Monday, July 30th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, July 27th. This is a boost from Unum Group’s previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a yield of 2.82%. Unum Group’s dividend payout ratio is 24.24%.

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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Analyst Recommendations for Unum Group (NYSE:UNM)

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