Unum Group (NYSE:UNM) had its price target decreased by investment analysts at Morgan Stanley from $40.00 to $37.00 in a research report issued to clients and investors on Tuesday, BenzingaRatingsTable reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price target indicates a potential upside of 38.84% from the stock’s current price.
Other equities research analysts also recently issued reports about the stock. Credit Suisse Group initiated coverage on shares of Unum Group in a report on Wednesday, July 10th. They issued an “underperform” rating for the company. ValuEngine downgraded shares of Unum Group from a “sell” rating to a “strong sell” rating in a report on Monday, July 29th. Zacks Investment Research raised shares of Unum Group from a “sell” rating to a “hold” rating and set a $35.00 price objective for the company in a research note on Thursday, May 30th. Barclays set a $36.00 price objective on shares of Unum Group and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, TheStreet lowered shares of Unum Group from a “b-” rating to a “c+” rating in a research note on Thursday, June 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.25.
Shares of NYSE UNM opened at $26.65 on Tuesday. Unum Group has a twelve month low of $25.69 and a twelve month high of $40.76. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $5.57 billion, a price-to-earnings ratio of 5.13, a PEG ratio of 0.54 and a beta of 1.50. The firm has a 50-day moving average of $31.01 and a two-hundred day moving average of $34.07.
Unum Group (NYSE:UNM) last issued its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.02. Unum Group had a net margin of 4.46% and a return on equity of 12.90%. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the company earned $1.30 EPS. Unum Group’s revenue was up 4.4% on a year-over-year basis. As a group, research analysts predict that Unum Group will post 5.45 earnings per share for the current year.
In other Unum Group news, Director Gloria C. Larson sold 1,602 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $33.55, for a total transaction of $53,747.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. CWM LLC lifted its stake in Unum Group by 68.3% during the first quarter. CWM LLC now owns 737 shares of the financial services provider’s stock valued at $25,000 after buying an additional 299 shares in the last quarter. Hartford Financial Management Inc. purchased a new stake in shares of Unum Group in the second quarter worth approximately $30,000. Stonebridge Capital Advisors LLC purchased a new stake in shares of Unum Group in the second quarter worth approximately $35,000. Private Capital Group LLC lifted its position in shares of Unum Group by 194.2% in the first quarter. Private Capital Group LLC now owns 1,162 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 767 shares in the last quarter. Finally, First Mercantile Trust Co. purchased a new stake in shares of Unum Group in the first quarter worth approximately $46,000. 93.51% of the stock is owned by institutional investors.
About Unum Group
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.
Further Reading: Gross Domestic Product (GDP)
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