Citigroup Inc. Reiterates Neutral Rating for Unum Group (UNM)
Unum Group (NYSE:UNM)‘s stock had its “neutral” rating reiterated by Citigroup Inc. in a research note issued on Wednesday. They currently have a $38.00 target price on the stock, up from their previous target price of $37.00. Citigroup Inc.’s price target points to a potential upside of 8.66% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Unum Group from $38.00 to $39.00 in a research note on Wednesday. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Unum Group in a research note on Tuesday, July 1st. They now have a $40.00 price target on the stock, up previously from $34.00. Finally, analysts at Compass Point initiated coverage on shares of Unum Group in a research note on Wednesday, June 11th. They set a “neutral” rating and a $38.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $36.73.
Unum Group (NYSE:UNM) traded up 0.43% on Wednesday, hitting $34.97. 1,285,450 shares of the company’s stock traded hands. Unum Group has a 1-year low of $29.14 and a 1-year high of $36.30. The stock’s 50-day moving average is $34.67 and its 200-day moving average is $34.2. The company has a market cap of $9.002 billion and a P/E ratio of 10.49.
Unum Group (NYSE:UNM) last announced its 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. On average, analysts predict that Unum Group will post $3.54 earnings per share for the current fiscal year.
In other Unum Group news, CEO John F. Mcgarry unloaded 2,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $34.83, for a total value of $69,660.00. The sale was disclosed in a 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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