Today: Unum Group (UNM) PT Raised to $40.00 at FBR & Co

Today: Unum Group (UNM) PT Raised to $40.00 at FBR & Co

Unum Group (NYSE:UNM) had its target price raised by research analysts at FBR & Co from $31.00 to $40.00 in a research note issued to investors on Monday. The firm presently has an “underperform” rating on the stock. FBR & Co’s target price points to a potential downside of 6.74% from the company’s current price.

UNM has been the topic of several other reports. Credit Suisse Group AG started coverage on Unum Group in a report on Friday, October 7th. They issued a “neutral” rating and a $42.00 price target on the stock. Zacks Investment Research upgraded Unum Group from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Thursday, November 17th. Wells Fargo & Co. started coverage on Unum Group in a report on Thursday, September 22nd. They issued a “market perform” rating on the stock. Goldman Sachs Group Inc. increased their price target on Unum Group from $30.00 to $33.00 and gave the stock a “sell” rating in a report on Friday, September 23rd. Finally, RBC Capital Markets reiterated an “outperform” rating and issued a $43.00 price target (up from $36.00) on shares of Unum Group in a report on Tuesday, November 15th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $38.36.

Unum Group (NYSE:UNM) opened at 42.89 on Monday. The firm’s 50-day moving average price is $38.04 and its 200-day moving average price is $35.15. Unum Group has a 52 week low of $23.99 and a 52 week high of $43.47. The stock has a market cap of $9.96 billion, a PE ratio of 11.25 and a beta of 1.50.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.04. Unum Group had a return on equity of 10.24% and a net margin of 8.29%. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same period in the prior year, the business posted $0.83 earnings per share. The company’s revenue for the quarter 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 fiscal year.

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

In related news, EVP Christopher J. Jerome sold 8,000 shares of the firm’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas R. Watjen sold 178,927 shares of the firm’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $35.56, for a total value of $6,362,644.12. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

A number of institutional investors have recently modified their holdings of UNM. Vanguard Group Inc. raised its position in shares of Unum Group by 4.1% in the second quarter. Vanguard Group Inc. now owns 22,424,545 shares of the company’s stock worth $712,877,000 after buying an additional 875,760 shares during the period. JPMorgan Chase & Co. raised its position in shares of Unum Group by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 10,541,586 shares of the company’s stock worth $372,224,000 after buying an additional 183,517 shares during the period. Boston Partners raised its position in shares of Unum Group by 5.9% in the third quarter. Boston Partners now owns 8,717,489 shares of the company’s stock worth $307,814,000 after buying an additional 483,254 shares during the period. Donald Smith & CO. Inc. raised its position in shares of Unum Group by 0.4% in the second quarter. Donald Smith & CO. Inc. now owns 6,803,180 shares of the company’s stock worth $216,273,000 after buying an additional 28,101 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Unum Group by 0.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 6,574,819 shares of the company’s stock worth $232,157,000 after buying an additional 47,918 shares during the period. Institutional investors own 92.81% of the company’s stock.

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