Unum Group (NYSE:UNM) was upgraded by analysts at Sterne Agee to a “buy” rating in a research report issued to clients and investors on Tuesday, American Banking & Market News reports.
Several other analysts have also recently commented on the stock. 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. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Unum Group from $32.00 to $34.00 in a research note to investors on Monday, October 21st. They now have a “market perform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Unum Group in a research note to investors on Friday, October 4th. They now have a $32.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. Unum Group presently has a consensus rating of “Hold” and an average price target of $32.07.
Unum Group (NYSE:UNM) opened at 31.76 on Tuesday. Unum Group has a one year low of $19.04 and a one year high of $32.94. The stock has a 50-day moving average of $31.01 and a 200-day moving average of $29.84. The company has a market cap of $8.372 billion and a price-to-earnings ratio of 9.67.
Unum Group (NYSE:UNM) last announced its earnings results 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. Analysts expect that Unum Group will post $3.26 EPS 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 1.83%. 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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