Unum Group (UNM) Receives Average Recommendation of “Hold” from Brokerages
Unum Group (NYSE:UNM) has been given an average rating of “Hold” by the thirteen ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $51.63.
A number of equities analysts have commented on the company. Morgan Stanley lifted their price target on Unum Group from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday. Zacks Investment Research raised Unum Group from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Thursday. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $58.00 price target on shares of Unum Group in a research note on Wednesday, September 27th. BidaskClub raised Unum Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Barclays PLC lifted their price target on Unum Group from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, August 11th.
In related news, Director Gloria C. Larson sold 2,460 shares of Unum Group stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $50.23, for a total transaction of $123,565.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Pamela H. Godwin sold 2,500 shares of Unum Group stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $50.71, for a total value of $126,775.00. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Unum Group by 1.4% in the second quarter. Vanguard Group Inc. now owns 24,407,058 shares of the financial services provider’s stock worth $1,138,102,000 after acquiring an additional 337,531 shares in the last quarter. BlackRock Inc. boosted its holdings in Unum Group by 2,690.7% in the first quarter. BlackRock Inc. now owns 16,788,648 shares of the financial services provider’s stock worth $787,221,000 after acquiring an additional 16,187,062 shares in the last quarter. State Street Corp boosted its holdings in Unum Group by 5.0% in the first quarter. State Street Corp now owns 12,119,332 shares of the financial services provider’s stock worth $568,278,000 after acquiring an additional 573,818 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Unum Group by 6.3% in the second quarter. JPMorgan Chase & Co. now owns 7,036,701 shares of the financial services provider’s stock worth $328,121,000 after acquiring an additional 415,909 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Unum Group by 32.4% in the first quarter. AQR Capital Management LLC now owns 5,699,745 shares of the financial services provider’s stock worth $267,262,000 after acquiring an additional 1,395,330 shares in the last quarter. Institutional investors own 92.34% of the company’s stock.
Unum Group (NYSE:UNM) traded up 0.46% on Friday, hitting $52.54. The stock had a trading volume of 698,099 shares. Unum Group has a 1-year low of $34.83 and a 1-year high of $52.75. The stock has a market capitalization of $11.86 billion, a price-to-earnings ratio of 12.65 and a beta of 1.59. The company has a 50-day moving average price of $49.07 and a 200-day moving average price of $47.43.
Unum Group (NYSE:UNM) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.04. The company had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Unum Group had a return on equity of 10.23% and a net margin of 8.57%. During the same period last year, the firm posted $1.00 EPS. Equities analysts predict that Unum Group will post $4.17 earnings per share for the current year.
WARNING: This story was published by Watch List News and is owned by of Watch List News. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.watchlistnews.com/unum-group-unm-receives-average-recommendation-of-hold-from-brokerages/1613871.html.
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.
Receive News & Ratings for Unum Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unum Group and related companies with Analyst Ratings Network's FREE daily email newsletter.