Unum Group Given Average Recommendation of “Hold” by Brokerages (NYSE:UNM)
Unum Group (NYSE:UNM) has been given a consensus recommendation of “Hold” by the thirteen ratings firms that are presently covering the company, AR Network reports. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $36.73.
In other Unum Group news, CEO John F. Mcgarry unloaded 2,000 shares of the stock 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 transaction was disclosed in a document filed with the SEC, which is available at this link.
UNM has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Unum Group in a research note on Wednesday, July 9th. They now have a $38.00 price target on the stock, up previously from $37.00. Separately, 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, July 9th. Finally, 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.
Shares of Unum Group (NYSE:UNM) traded up 1.09% during mid-day trading on Monday, hitting $35.13. 153,625 shares of the company’s stock traded hands. Unum Group has a one year low of $29.14 and a one year high of $36.30. The stock’s 50-day moving average is $34.87 and its 200-day moving average is $34.22. The company has a market cap of $9.043 billion and a P/E ratio of 10.47.
Unum Group (NYSE:UNM) last released its earnings data on Wednesday, May 7th. The company reported $0.87 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.80 earnings per share. Unum Group’s revenue was down .5% compared to the same quarter last year. On average, analysts predict that Unum Group will post $3.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Shareholders of record on Monday, July 28th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.90%.
Unum Group is a provider of disability insurance products in the United States and the United Kingdom.
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