Unum Group Hits New 12-Month High at $36.75 (UNM)
Unum Group (NYSE:UNM)’s share price hit a new 52-week high on Tuesday , Stock Ratings News reports. The company traded as high as $36.75 and last traded at $36.64, with a volume of 697,131 shares traded. The stock had previously closed at $36.27.
A number of research firms have recently commented on UNM. 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. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Unum Group has a consensus rating of “Hold” and an average target price of $38.10.
The stock has a 50-day moving average of $34.89 and a 200-day moving average of $34.52. The company has a market cap of $9.362 billion and a price-to-earnings ratio of 10.55.
Unum Group (NYSE:UNM) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.91 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.82 earnings per share. Unum Group’s revenue was up 1.3% compared to the same quarter last year. Analysts expect that Unum Group will post $3.59 EPS for the current fiscal year.
Unum Group is a provider of disability insurance products in the United States and the United Kingdom.
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