Today: Today: Compass Point Downgraded Unum Group (UNM) to Neutral

Today: Compass Point Downgraded Unum Group (UNM) to Neutral

Unum Group (NYSE:UNM) was downgraded by research analysts at Compass Point from a “buy” rating to a “neutral” rating in a research note issued on Monday. The analysts noted that the move was a valuation call.

A number of other equities research analysts have also issued reports on the company. Zacks Investment Research upgraded Unum Group from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Tuesday, September 27th. Goldman Sachs Group Inc. upped their price objective on Unum Group from $30.00 to $33.00 and gave the company a “sell” rating in a report on Friday, September 23rd. Credit Suisse Group AG initiated coverage on Unum Group in a report on Friday, October 7th. They issued a “neutral” rating and a $42.00 price objective on the stock. Royal Bank Of Canada upped their price objective on Unum Group from $36.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, November 15th. Finally, Wells Fargo & Co. initiated coverage on Unum Group in a report on Thursday, September 22nd. They issued a “market perform” rating on the stock. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $38.36.

Shares of Unum Group (NYSE:UNM) traded down 1.52% on Monday, hitting $42.24. The stock had a trading volume of 717,425 shares. Unum Group has a 12-month low of $23.99 and a 12-month high of $43.47. The stock has a 50 day moving average of $38.04 and a 200 day moving average of $35.15. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 11.08 and a beta of 1.50.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The business earned $2.76 billion during the quarter, compared to analyst estimates of $2.74 billion. Unum Group had a return on equity of 10.24% and a net margin of 8.29%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 earnings per share. Equities analysts predict that Unum Group will post $3.89 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Monday, October 31st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Thursday, October 27th. Unum Group’s payout ratio is currently 20.94%.

In related news, EVP Christopher J. Jerome sold 8,000 shares of the stock in a transaction on Monday, November 14th. The stock was sold at an average price of $41.49, for a total value of $331,920.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO John F. Mcgarry sold 12,000 shares of the stock in a transaction on Monday, November 14th. The shares were sold at an average price of $41.44, for a total value of $497,280.00. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its position in Unum Group by 52.6% in the first quarter. Envestnet Asset Management Inc. now owns 43,734 shares of the company’s stock valued at $1,352,000 after buying an additional 15,075 shares during the period. Babson Capital Management LLC raised its position in Unum Group by 95.0% in the first quarter. Babson Capital Management LLC now owns 65,066 shares of the company’s stock valued at $2,012,000 after buying an additional 31,700 shares during the period. DNB Asset Management AS raised its position in Unum Group by 4.9% in the second quarter. DNB Asset Management AS now owns 15,080 shares of the company’s stock valued at $479,000 after buying an additional 700 shares during the period. Exxonmobil Investment Management Inc. TX raised its position in Unum Group by 5.8% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 61,544 shares of the company’s stock valued at $1,956,000 after buying an additional 3,388 shares during the period. Finally, Newman Dignan & Sheerar Inc. raised its position in Unum Group by 1.9% in the second quarter. Newman Dignan & Sheerar Inc. now owns 15,904 shares of the company’s stock valued at $506,000 after buying an additional 300 shares during the period. 92.81% of the stock is currently owned by hedge funds and other institutional investors.

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