Unum Group (NYSE:UNM)‘s stock had its “hold” rating reaffirmed by Deutsche Bank in a research note issued on Friday, Analyst Ratings News reports. They currently have a $36.00 price objective on the stock, up from their previous price objective of $34.00. Deutsche Bank’s price objective points to a potential upside of 8.37% from the company’s current price.
The analysts wrote, “Despite a 55% YTD return, we believe there is more upside in the life insurance group, particularly among interest sensitive names. Current valuations imply a ~3% 10Y 12 months ahead, whereas the introduction of tapering by March ’14 would likely mean that yields move into 3.5% territory or above, and expectations of further increases would rise. By DB estimates, if the Fed undergoes a normal hiking cycle, 10Y yields should currently be 3.65%. MET offers the most upside to our TP.”
UNM has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Unum Group in a research note to investors on Wednesday, November 6th. They now have a $34.00 price target on the stock. Separately, analysts at Sterne Agee upgraded shares of Unum Group from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, November 5th. Finally, analysts at Barclays reiterated a “buy” rating on shares of Unum Group in a research note to investors on Monday, October 21st. They now have a $37.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. Unum Group currently has a consensus rating of “Hold” and an average price target of $32.43.
Unum Group (NYSE:UNM) traded down 0.54% during mid-day trading on Friday, hitting $33.04. The stock had a trading volume of 274,616 shares. Unum Group has a 52-week low of $19.04 and a 52-week high of $33.74. The stock has a 50-day moving average of $31.44 and a 200-day moving average of $30.1. The company has a market cap of $8.688 billion and a P/E ratio of 10.27.
Unum Group (NYSE:UNM) last released its earnings data on Monday, November 4th. The company reported $0.85 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.82 by $0.03. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter last year, the company posted $0.80 earnings per share. Unum Group’s revenue was down 3.3% compared to the same quarter last year. On average, analysts predict that Unum Group will post $3.30 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Shareholders of record on Monday, October 28th will be given a dividend of $0.15 per share. This represents a $0.58 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, October 24th.
Unum Group is a provider of disability insurance products in the United States and the United Kingdom.
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