Unum Group Receives Average Rating of “Hold” from Brokerages (NYSE:UNM)
Unum Group (NYSE:UNM) has earned an average rating of “Hold” from the eleven brokerages that are currently covering the company, Analyst Ratings News reports. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $38.10.
Shares of Unum Group (NYSE:UNM) opened at 35.53 on Friday. Unum Group has a 52 week low of $29.14 and a 52 week high of $36.30. The stock’s 50-day moving average is $34.76 and its 200-day moving average is $34.45. The company has a market cap of $9.052 billion and a price-to-earnings ratio of 10.21.
Unum Group (NYSE:UNM) last released its earnings data on Wednesday, July 30th. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.87 by $0.04. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. On average, analysts predict that Unum Group will post $3.59 EPS for the current fiscal year.
In other Unum Group news, Director Ronald E. Goldsberry sold 5,702 shares of Unum Group stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $35.12, for a total value of $200,254.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
UNM has been the subject of a number of recent research reports. Analysts at Bank of America upgraded shares of Unum Group from a “neutral” rating to a “buy” rating in a research note on Monday, August 4th. They now have a $42.00 price target on the stock, up previously from $39.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Unum Group in a research note on Friday, August 1st. They now have a $36.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Unum Group from $32.00 to $33.00 in a research note on Thursday, July 31st.
Unum Group is a provider of disability insurance products in the United States and the United Kingdom.
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