Unum Group (NYSE:UNM) was downgraded by equities researchers 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.
Several other equities analysts also recently issued reports on the stock. FBR & Co lifted their price target on shares of Unum Group from $31.00 to $40.00 and gave the company an “underperform” rating in a report on Monday. Zacks Investment Research downgraded shares of Unum Group from a “buy” rating to a “hold” rating in a report on Monday, November 21st. RBC Capital Markets reissued an “outperform” rating and set a $43.00 price target (up from $36.00) on shares of Unum Group in a report on Tuesday, November 15th. Royal Bank Of Canada lifted their price target on shares of Unum Group from $36.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, November 15th. Finally, Credit Suisse Group AG began coverage on shares of Unum Group in a report on Friday, October 7th. They set a “neutral” rating and a $42.00 price target for the company. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $38.36.
Shares of Unum Group (NYSE:UNM) opened at 42.89 on Monday. The company’s 50-day moving average is $38.04 and its 200-day moving average is $35.15. The company has a market capitalization of $9.96 billion, a PE ratio of 11.25 and a beta of 1.50. Unum Group has a one year low of $23.99 and a one year high of $43.47.
Unum Group (NYSE:UNM) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.04. Unum Group had a net margin of 8.29% and a return on equity of 10.24%. The firm earned $2.76 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same period last year, the firm posted $0.83 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. Equities analysts predict that Unum Group will post $3.89 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Monday, October 31st were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Thursday, October 27th. Unum Group’s dividend payout ratio is currently 20.94%.
In related news, EVP Christopher J. Jerome sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $41.49, for a total transaction of $331,920.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John F. Mcgarry sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $41.44, for a total transaction of $497,280.00. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Barometer Capital Management Inc. purchased a new position in shares of Unum Group during the second quarter worth about $480,000. Nisa Investment Advisors LLC boosted its position in shares of Unum Group by 30.3% in the second quarter. Nisa Investment Advisors LLC now owns 77,373 shares of the company’s stock worth $2,460,000 after buying an additional 17,970 shares in the last quarter. MAI Capital Management boosted its position in shares of Unum Group by 5.3% in the second quarter. MAI Capital Management now owns 6,862 shares of the company’s stock worth $218,000 after buying an additional 344 shares in the last quarter. Legacy Private Trust Co. bought a new position in Unum Group during the second quarter valued at $549,000. Finally, Foundry Partners LLC boosted its position in Unum Group by 3.8% in the second quarter. Foundry Partners LLC now owns 396,469 shares of the company’s stock valued at $12,604,000 after buying an additional 14,545 shares during the period. Hedge funds and other institutional investors own 92.81% of the company’s stock.
Unum Group Company Profile