The Credit Suisse Group AG Begins Coverage on Unum Group (UNM)

The Credit Suisse Group AG Begins Coverage on Unum Group (UNM)

Credit Suisse Group AG initiated coverage on shares of Unum Group (NYSE:UNM) in a report published on Friday. The firm issued a neutral rating and a $42.00 price target on the stock.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Unum Group from a sell rating to a hold rating in a report on Friday, July 29th. Morgan Stanley boosted their price objective on shares of Unum Group from $35.00 to $36.00 and gave the stock an equal weight rating in a report on Thursday, July 28th. 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. Deutsche Bank AG dropped their price objective on shares of Unum Group from $38.00 to $33.00 and set a hold rating on the stock in a report on Thursday, July 7th. Finally, Citigroup Inc. dropped their price objective on shares of Unum Group from $35.00 to $33.00 and set a neutral rating on the stock in a report on Thursday, July 7th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $36.57.

Shares of Unum Group (NYSE:UNM) opened at 36.64 on Friday. Unum Group has a 52 week low of $23.99 and a 52 week high of $37.26. The firm has a 50 day moving average of $35.33 and a 200 day moving average of $33.86. The firm has a market cap of $8.60 billion, a price-to-earnings ratio of 10.10 and a beta of 1.50.

Unum Group (NYSE:UNM) last announced its earnings results on Wednesday, July 27th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.94 by $0.05. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.75 billion. Unum Group had a net margin of 8.07% and a return on equity of 10.37%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 EPS. Equities analysts predict that Unum Group will post $3.86 earnings per share for the current fiscal year.

In other news, Director Thomas R. Watjen sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The shares were 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 through this hyperlink. 0.62% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. NWQ Investment Management Company LLC raised its position in shares of Unum Group by 11.8% in the first quarter. NWQ Investment Management Company LLC now owns 5,754,193 shares of the company’s stock worth $177,920,000 after buying an additional 605,524 shares during the last quarter. Aviva PLC raised its position in shares of Unum Group by 1.1% in the first quarter. Aviva PLC now owns 125,065 shares of the company’s stock worth $3,867,000 after buying an additional 1,384 shares during the last quarter. Picton Mahoney Asset Management bought a new position in shares of Unum Group during the first quarter worth about $1,893,000. Advisor Partners LLC raised its position in shares of Unum Group by 6.0% in the first quarter. Advisor Partners LLC now owns 7,130 shares of the company’s stock worth $220,000 after buying an additional 402 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. bought a new position in shares of Unum Group during the first quarter worth about $1,490,000. Institutional investors own 93.67% of the company’s stock.

Unum Group Company Profile

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