Unum Group (NYSE:UNM) had its target price hoisted by research analysts at Deutsche Bank AG from $46.00 to $48.00 in a report issued on Wednesday. The firm currently has a “hold” rating on the financial services provider’s stock. Deutsche Bank AG’s price objective points to a potential upside of 4.90% from the stock’s current price.
Several other equities research analysts also recently issued reports on UNM. Citigroup Inc downgraded Unum Group from a “buy” rating to a “neutral” rating and set a $53.00 price target on the stock. in a research report on Monday, March 13th. Zacks Investment Research downgraded Unum Group from a “buy” rating to a “hold” rating in a research report on Monday, January 16th. FBR & Co reaffirmed a “sell” rating on shares of Unum Group in a research report on Thursday, February 2nd. Finally, Barclays PLC reaffirmed a “buy” rating and issued a $50.00 price target on shares of Unum Group in a research report on Monday, January 9th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Unum Group currently has an average rating of “Hold” and a consensus target price of $42.91.
Shares of Unum Group (NYSE:UNM) traded up 1.60% during midday trading on Wednesday, reaching $45.76. The company’s stock had a trading volume of 1,051,859 shares. The stock has a 50-day moving average price of $47.01 and a 200 day moving average price of $43.61. The stock has a market capitalization of $10.49 billion, a PE ratio of 11.58 and a beta of 1.54. Unum Group has a 52 week low of $29.79 and a 52 week high of $50.27.
Unum Group (NYSE:UNM) last posted its earnings results on Wednesday, February 1st. The financial services provider reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.02. Unum Group had a return on equity of 10.18% and a net margin of 8.43%. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period last year, the company earned $0.95 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. Equities analysts forecast that Unum Group will post $4.11 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 19th. Shareholders of record on Friday, April 28th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Wednesday, April 26th. Unum Group’s payout ratio is 20.20%.
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In other Unum Group news, EVP Timothy Gerald Arnold sold 2,000 shares of Unum Group stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $48.54, for a total transaction of $97,080.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas R. Watjen sold 25,000 shares of Unum Group stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $46.91, for a total value of $1,172,750.00. The disclosure for this sale can be found here. Insiders have sold 37,000 shares of company stock worth $1,738,430 over the last ninety days. Company insiders own 0.62% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in UNM. Glassman Wealth Services increased its stake in shares of Unum Group by 12,121.4% in the fourth quarter. Glassman Wealth Services now owns 3,422 shares of the financial services provider’s stock worth $150,000 after buying an additional 3,394 shares during the last quarter. SRB Corp increased its stake in shares of Unum Group by 13.9% in the third quarter. SRB Corp now owns 4,568 shares of the financial services provider’s stock worth $161,000 after buying an additional 558 shares during the last quarter. First Manhattan Co. increased its stake in shares of Unum Group by 386.4% in the third quarter. First Manhattan Co. now owns 5,350 shares of the financial services provider’s stock worth $188,000 after buying an additional 4,250 shares during the last quarter. Federated Investors Inc. PA increased its stake in shares of Unum Group by 217,300.0% in the fourth quarter. Federated Investors Inc. PA now owns 4,348 shares of the financial services provider’s stock worth $191,000 after buying an additional 4,346 shares during the last quarter. Finally, Crow Point Partners LLC bought a new stake in shares of Unum Group during the third quarter worth about $193,000. 92.21% of the stock is currently owned by 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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