Unum Group’s “Neutral” Rating Reaffirmed at Zacks (UNM)
Unum Group (NYSE:UNM)‘s stock had its “neutral” rating reaffirmed by Zacks in a note issued to investors on Monday, AR Network reports. They currently have a $36.00 price target on the stock. Zacks‘ price objective points to a potential upside of 4.83% from the stock’s previous close.
Zacks‘ analyst wrote, “Unum continues to benefit from disciplined pricing, underwriting and risk results across its primary business segments and derived consolidated returns and profitability. The underperforming segments of the company are also approaching a gradual recovery. Unum’s new share repurchase program is expected to enhance shareholders value. The company also engages in consistent dividend payouts. While conservative pricing and reservation practices are expected to widen Unum’s profit margin, decline in premium income, pressure on new sales and persistency, local currency fluctuations and low interest rate environment is expected to weigh on the segment performance in the upcoming period. In the last reported quarter Unum posted a mixed result with topline failing to meet expectation while bottom line beating the same. We thus retain our Neutral recommendation on Unum. “
Shares of Unum Group (NYSE:UNM) traded down 0.41% on Monday, hitting $34.20. The stock had a trading volume of 431,278 shares. Unum Group has a 52-week low of $21.47 and a 52-week high of $35.40. The stock has a 50-day moving average of $34.07 and a 200-day moving average of $31.59. The company has a market cap of $8.932 billion and a price-to-earnings ratio of 10.62.
Unum Group (NYSE:UNM) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, analysts predict that Unum Group will post $3.30 earnings per share for the current fiscal year.
A number of other firms have also recently commented on UNM. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Unum Group in a research note to investors on Friday, November 15th. They now have a $36.00 price target on the stock, up previously from $34.00. Separately, analysts at Sterne Agee upgraded shares of Unum Group from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, November 5th. Finally, analysts at Barclays reiterated a “buy” rating on shares of Unum Group in a research note to investors on Monday, October 21st. They now have a $37.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $32.57.
Unum Group is a provider of disability insurance products in the United States and the United Kingdom.
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