Unum Group (UNM) Rating Reiterated by Keefe, Bruyette & Woods

Unum Group (NYSE:UNM)‘s stock had its “hold” rating reissued by equities research analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Friday. They currently have a $53.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 1.11% from the stock’s previous close.

Several other equities analysts have also issued reports on the stock. B. Riley raised shares of Unum Group from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $43.00 to $52.00 in a report on Monday, November 6th. Royal Bank Of Canada reissued a “hold” rating and set a $52.00 price objective on shares of Unum Group in a report on Friday, October 27th. SunTrust Banks, Inc. reissued a “buy” rating and set a $62.00 price objective on shares of Unum Group in a report on Friday, October 27th. Wells Fargo & Company set a $48.00 price objective on shares of Unum Group and gave the company a “hold” rating in a report on Wednesday, October 25th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on shares of Unum Group in a report on Wednesday, October 18th. They set a “sell” rating and a $48.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $51.38.

Unum Group (UNM) opened at $52.42 on Friday. The stock has a market cap of $11,787.16, a P/E ratio of 12.63, a P/E/G ratio of 1.77 and a beta of 1.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.17 and a current ratio of 0.17. Unum Group has a 1-year low of $39.63 and a 1-year high of $53.36.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.05. The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.82 billion. Unum Group had a net margin of 8.67% and a return on equity of 10.37%. Unum Group’s revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $1.01 earnings per share. equities analysts predict that Unum Group will post 4.24 EPS for the current year.

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In other news, Director E Michael Caulfield sold 3,814 shares of Unum Group stock in a transaction on Monday, October 30th. The shares were sold at an average price of $52.42, for a total transaction of $199,929.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.53% of the company’s stock.

Several large investors have recently bought and sold shares of UNM. Gotham Asset Management LLC acquired a new stake in shares of Unum Group during the first quarter worth $208,000. HighTower Advisors LLC acquired a new stake in shares of Unum Group during the first quarter worth $431,000. DnB Asset Management AS lifted its stake in shares of Unum Group by 8.3% during the second quarter. DnB Asset Management AS now owns 20,880 shares of the financial services provider’s stock worth $974,000 after buying an additional 1,600 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Unum Group during the second quarter worth $312,000. Finally, State of Alaska Department of Revenue lifted its stake in shares of Unum Group by 44.8% during the second quarter. State of Alaska Department of Revenue now owns 10,570 shares of the financial services provider’s stock worth $492,000 after buying an additional 3,270 shares during the period. Institutional investors and hedge funds own 93.85% 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.

Analyst Recommendations for Unum Group (NYSE:UNM)

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