Unum Group (UNM) Stock Rating Reaffirmed by SunTrust Banks, Inc.

Unum Group (NYSE:UNM)‘s stock had its “buy” rating restated by stock analysts at SunTrust Banks, Inc. in a research report issued to clients and investors on Friday. They currently have a $62.00 target price on the financial services provider’s stock. SunTrust Banks, Inc.’s price objective would indicate a potential upside of 18.21% from the company’s previous close. SunTrust Banks also issued estimates for Unum Group’s Q4 2017 earnings at $1.07 EPS, FY2017 earnings at $4.24 EPS, Q1 2018 earnings at $1.06 EPS, Q2 2018 earnings at $1.13 EPS, Q3 2018 earnings at $1.11 EPS, Q4 2018 earnings at $1.16 EPS and FY2018 earnings at $4.46 EPS.

UNM has been the subject of a number of other reports. BidaskClub upgraded shares of Unum Group from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Zacks Investment Research lowered shares of Unum Group from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. Morgan Stanley lifted their target price on shares of Unum Group from $52.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, October 5th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Unum Group in a research report on Wednesday, October 18th. They set a “sell” rating and a $48.00 target price for the company. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $51.00 target price on shares of Unum Group in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Unum Group presently has an average rating of “Hold” and an average target price of $51.18.

Unum Group (NYSE:UNM) opened at 52.45 on Friday. The firm has a market capitalization of $11.84 billion, a PE ratio of 12.63 and a beta of 1.59. Unum Group has a 52-week low of $34.91 and a 52-week high of $53.15. The company’s 50-day moving average is $50.99 and its 200-day moving average is $48.12.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. Unum Group had a net margin of 8.67% and a return on equity of 10.37%. The company had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same period last year, the business earned $1.01 earnings per share. Unum Group’s revenue was up 2.0% compared to the same quarter last year. Analysts forecast that Unum Group will post $4.17 EPS for the current fiscal year.

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In other Unum Group news, 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 transaction of $126,775.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

Several hedge funds have recently bought and sold shares of the business. Crossmark Global Holdings Inc. purchased a new position in shares of Unum Group during the third quarter worth approximately $1,911,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of Unum Group by 6.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 23,863 shares of the financial services provider’s stock worth $1,220,000 after acquiring an additional 1,497 shares in the last quarter. Paragon Capital Management Ltd purchased a new position in shares of Unum Group during the third quarter worth approximately $298,000. Regentatlantic Capital LLC raised its stake in shares of Unum Group by 3.1% during the third quarter. Regentatlantic Capital LLC now owns 33,043 shares of the financial services provider’s stock worth $1,689,000 after acquiring an additional 1,002 shares in the last quarter. Finally, First Midwest Bank Trust Division raised its stake in shares of Unum Group by 10.6% during the third quarter. First Midwest Bank Trust Division now owns 14,040 shares of the financial services provider’s stock worth $718,000 after acquiring an additional 1,349 shares in the last quarter. 92.61% of the stock is currently owned by hedge funds and other institutional investors.

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.

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