Unum Group Now Covered by Analysts at Keefe, Bruyette & Woods (UNM)
Equities research analysts at Keefe, Bruyette & Woods initiated coverage on shares of Unum Group (NYSE:UNM) in a research note issued to investors on Thursday, Stock Ratings News reports. The firm set a “market perform” rating and a $38.00 price target on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 13.03% from the company’s current price.
Shares of Unum Group (NYSE:UNM) traded up 1.17% during mid-day trading on Thursday, hitting $34.015. The stock had a trading volume of 315,749 shares. Unum Group has a 1-year low of $26.85 and a 1-year high of $36.30. The stock has a 50-day moving average of $34.15 and a 200-day moving average of $33.76. The company has a market cap of $8.825 billion and a P/E ratio of 10.41.
Unum Group (NYSE:UNM) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.61 million. 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 .5% on a year-over-year basis. Analysts expect that Unum Group will post $3.52 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 16th. Stockholders of record on Monday, April 28th will be given a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, April 24th.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Unum Group in a research note on Monday, April 21st. They now have a $36.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $34.17.
In other Unum Group news, CEO John Mcgarry unloaded 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $33.20, for a total transaction of $66,400.00. Following the transaction, the chief executive officer now directly owns 58,582 shares of the company’s stock, valued at approximately $1,944,922. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Unum Group is a provider of disability insurance products in the United States and the United Kingdom.
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