Brokerages Set Unum Group (UNM) Target Price at $52.33

Unum Group (NYSE:UNM) has been assigned an average recommendation of “Hold” from the fifteen analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $52.33.

UNM has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Unum Group from a “buy” rating to a “hold” rating in a report on Monday, September 4th. Morgan Stanley upped 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 note on Thursday, October 5th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $58.00 target price on shares of Unum Group in a research note on Wednesday, September 27th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Unum Group in a research note on Wednesday, October 18th. They set a “sell” rating and a $48.00 target price for the company. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $53.00 target price on shares of Unum Group in a research note on Friday, November 10th.

Unum Group (NYSE UNM) traded up $0.03 during midday trading on Monday, hitting $53.90. 938,600 shares of the company traded hands, compared to its average volume of 1,174,363. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.29. The company has a market cap of $12,100.00, a P/E ratio of 12.95, a P/E/G ratio of 1.81 and a beta of 1.65. Unum Group has a fifty-two week low of $42.00 and a fifty-two week high of $54.22.

Unum Group (NYSE:UNM) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.05. The business had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.82 billion. Unum Group had a net margin of 8.67% and a return on equity of 10.37%. Unum Group’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.01 EPS. sell-side analysts anticipate that Unum Group will post 4.24 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Monday, October 30th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.71%. The ex-dividend date was Friday, October 27th. Unum Group’s payout ratio is currently 21.60%.

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In other news, EVP Christopher J. Jerome sold 7,849 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $53.24, for a total value of $417,880.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director E Michael Caulfield sold 3,814 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $52.42, for a total transaction of $199,929.88. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. BB&T Investment Services Inc. acquired a new position in shares of Unum Group in the 2nd quarter valued at $100,000. Jacobi Capital Management LLC acquired a new position in shares of Unum Group in the 2nd quarter valued at $159,000. Huntington National Bank raised its stake in shares of Unum Group by 25.8% in the 2nd quarter. Huntington National Bank now owns 3,417 shares of the financial services provider’s stock valued at $160,000 after buying an additional 700 shares in the last quarter. Invictus RG acquired a new position in shares of Unum Group in the 3rd quarter valued at $176,000. Finally, Keel Point LLC acquired a new position in shares of Unum Group in the 3rd quarter valued at $202,000. Institutional investors own 92.45% of the company’s stock.

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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