Unum Group (UNM) PT Raised to $55.00
Unum Group (NYSE:UNM) had its price target hoisted by analysts at Morgan Stanley from $52.00 to $55.00 in a research report issued on Thursday. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price target points to a potential upside of 6.51% from the stock’s previous close.
A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Unum Group from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. BidaskClub upgraded shares of Unum Group from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $50.30.
Shares of Unum Group (UNM) traded up 0.72% during mid-day trading on Thursday, hitting $52.01. The company had a trading volume of 108,511 shares. The firm has a market capitalization of $11.74 billion, a PE ratio of 12.53 and a beta of 1.59. Unum Group has a 52 week low of $34.83 and a 52 week high of $52.10. The firm has a 50-day moving average price of $48.99 and a 200-day moving average price of $47.40.
Unum Group (NYSE:UNM) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.80 billion. Unum Group had a net margin of 8.57% and a return on equity of 10.23%. During the same period in the previous year, the business earned $1.00 EPS. Equities analysts forecast that Unum Group will post $4.17 earnings per share for the current year.
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In other news, Director Pamela H. Godwin sold 2,500 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $50.71, for a total value of $126,775.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gloria C. Larson sold 2,460 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $50.23, for a total value of $123,565.80. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. BB&T Investment Services Inc. purchased a new stake in shares of Unum Group in the 2nd quarter worth $100,000. Jacobi Capital Management LLC purchased a new stake in shares of Unum Group in the 2nd quarter worth $159,000. Huntington National Bank increased its stake in shares of Unum Group by 25.8% in the 2nd quarter. Huntington National Bank now owns 3,417 shares of the financial services provider’s stock worth $160,000 after purchasing an additional 700 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Unum Group by 3.2% in the 1st quarter. Pacer Advisors Inc. now owns 4,366 shares of the financial services provider’s stock worth $205,000 after purchasing an additional 134 shares in the last quarter. Finally, Gotham Asset Management LLC purchased a new stake in shares of Unum Group in the 1st quarter worth $208,000. Hedge funds and other institutional investors own 92.34% of the company’s stock.
Unum Group Company Profile
Unum Group is a provider of financial protection benefits in the United States and the United Kingdom. The Company’s products include disability, life, accident, critical illness, dental and vision, and other related services. Its segments include Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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