Unum Group (NYSE:UNM) Receives Consensus Rating of “Hold” from Analysts

Unum Group (NYSE:UNM) has earned an average recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $40.00.

UNM has been the subject of several analyst reports. Morgan Stanley decreased their price objective on Unum Group from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. ValuEngine lowered Unum Group from a “sell” rating to a “strong sell” rating in a report on Monday, July 29th. Zacks Investment Research upgraded Unum Group from a “sell” rating to a “hold” rating and set a $35.00 price objective for the company in a report on Thursday, May 30th. Credit Suisse Group initiated coverage on Unum Group in a report on Wednesday, July 10th. They set an “underperform” rating for the company. Finally, TheStreet lowered Unum Group from a “b-” rating to a “c+” rating in a report on Thursday, June 6th.

Unum Group stock traded down $0.59 during mid-day trading on Monday, reaching $28.32. 1,531,626 shares of the company were exchanged, compared to its average volume of 2,219,537. The firm’s fifty day moving average is $32.44. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.17 and a current ratio of 0.17. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 5.45, a P/E/G ratio of 0.57 and a beta of 1.50. Unum Group has a 12-month low of $26.76 and a 12-month high of $40.76.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.36 EPS for the quarter, beating the consensus estimate of $1.34 by $0.02. Unum Group had a return on equity of 12.90% and a net margin of 4.46%. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the business posted $1.30 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities research analysts predict that Unum Group will post 5.45 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Monday, July 29th will be given a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 4.03%. This is an increase from Unum Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, July 26th. Unum Group’s dividend payout ratio is presently 21.92%.

In related news, Director Gloria C. Larson sold 1,602 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $33.55, for a total value of $53,747.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. increased its position in shares of Unum Group by 0.5% in the 1st quarter. Crossmark Global Holdings Inc. now owns 56,653 shares of the financial services provider’s stock valued at $1,917,000 after acquiring an additional 290 shares during the period. CWM LLC grew its position in Unum Group by 68.3% during the 1st quarter. CWM LLC now owns 737 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 299 shares during the period. Investors Research Corp grew its position in Unum Group by 4.6% during the 2nd quarter. Investors Research Corp now owns 6,800 shares of the financial services provider’s stock worth $228,000 after purchasing an additional 300 shares during the period. First Republic Investment Management Inc. grew its position in Unum Group by 2.1% during the 1st quarter. First Republic Investment Management Inc. now owns 17,318 shares of the financial services provider’s stock worth $586,000 after purchasing an additional 364 shares during the period. Finally, Stanley Laman Group Ltd. grew its position in Unum Group by 2.5% during the 2nd quarter. Stanley Laman Group Ltd. now owns 15,315 shares of the financial services provider’s stock worth $514,000 after purchasing an additional 380 shares during the period. 91.01% of the stock is currently owned by hedge funds and other institutional investors.

Unum Group Company Profile

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.

Recommended Story: How is a price target determined?

Receive News & Ratings for Unum Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unum Group and related companies with MarketBeat.com's FREE daily email newsletter.