Unum Group (UNM) Earns Neutral Rating from Analysts at Credit Suisse Group AG
Equities research analysts at Credit Suisse Group AG began coverage on shares of Unum Group (NYSE:UNM) in a research note issued to investors on Friday. The brokerage set a “neutral” rating on the stock.
Several other equities analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Unum Group from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Tuesday, September 27th. Goldman Sachs Group Inc. upped their price objective on shares of Unum Group from $30.00 to $33.00 and gave the company a “sell” rating in a report on Friday, September 23rd. Wells Fargo & Co. began coverage on shares of Unum Group in a report on Thursday, September 22nd. They set a “market perform” rating on the stock. Morgan Stanley upped their price objective on shares of Unum Group from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday, July 28th. Finally, FBR & Co downgraded shares of Unum Group from a “market perform” rating to an “underperform” rating and set a $31.00 price objective on the stock. in a report on Monday, July 11th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $36.15.
Shares of Unum Group (NYSE:UNM) traded down 0.68% during trading on Friday, reaching $36.33. 1,247,837 shares of the company’s stock traded hands. Unum Group has a one year low of $23.99 and a one year high of $37.26. The stock has a market cap of $8.52 billion, a P/E ratio of 10.01 and a beta of 1.50. The company has a 50 day moving average price of $35.14 and a 200-day moving average price of $33.75.
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Unum Group (NYSE:UNM) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.05. Unum Group had a net margin of 8.07% and a return on equity of 10.37%. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts expect that Unum Group will post $3.86 EPS for the current fiscal year.
In other news, Director Thomas R. Watjen sold 40,000 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $33.24, for a total transaction of $1,329,600.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.62% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in UNM. Glenmede Trust Co. NA raised its position in shares of Unum Group by 17.6% in the first quarter. Glenmede Trust Co. NA now owns 50,604 shares of the company’s stock worth $1,564,000 after buying an additional 7,585 shares during the period. Commonwealth Equity Services Inc raised its position in shares of Unum Group by 10.6% in the first quarter. Commonwealth Equity Services Inc now owns 21,710 shares of the company’s stock worth $671,000 after buying an additional 2,087 shares during the last quarter. Aperio Group LLC raised its position in shares of Unum Group by 1.3% in the first quarter. Aperio Group LLC now owns 133,303 shares of the company’s stock worth $4,122,000 after buying an additional 1,646 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Unum Group by 29.1% in the first quarter. TIAA CREF Investment Management LLC now owns 550,354 shares of the company’s stock worth $17,017,000 after buying an additional 123,922 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Unum Group by 2.2% in the first quarter. Prudential Financial Inc. now owns 766,148 shares of the company’s stock worth $23,690,000 after buying an additional 16,800 shares during the last quarter. Hedge funds and other institutional investors own 93.67% of the company’s stock.
About Unum Group
Unum Group is a provider of disability insurance products in the United States and the United Kingdom. The Company provides a portfolio of other insurance products, including employer and employee paid group benefits, life insurance and other related services. Its segments are Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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