Unum Group (NYSE:UNM)‘s stock had its “neutral” rating restated by analysts at Compass Point in a report released on Monday.
Several other brokerages also recently issued reports on UNM. FBR & Co upped 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, October 17th. Wells Fargo & Co. started coverage on shares of Unum Group in a report on Thursday, September 22nd. They issued a “market perform” rating on the stock. RBC Capital Markets reaffirmed an “outperform” rating and issued a $43.00 price target (up previously from $36.00) on shares of Unum Group in a report on Tuesday, November 15th. Finally, Royal Bank Of Canada upped 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. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $38.36.
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. 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 released its quarterly earnings data on Wednesday, October 26th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.74 billion. Unum Group had a net margin of 8.29% and a return on equity of 10.24%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 earnings per share. On average, equities analysts anticipate that Unum Group will post $3.89 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Monday, October 31st were given 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 other news, Director Thomas R. Watjen sold 178,927 shares of the stock in a transaction on Friday, October 28th. The shares were sold at an average price of $35.56, for a total value of $6,362,644.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $331,920.00. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can acquired a new stake in Unum Group during the second quarter valued at about $56,674,000. American Century Companies Inc. raised its stake in Unum Group by 38.1% in the second quarter. American Century Companies Inc. now owns 5,279,960 shares of the company’s stock valued at $167,850,000 after buying an additional 1,455,618 shares during the last quarter. Vanguard Group Inc. raised its stake in Unum Group by 4.1% in the second quarter. Vanguard Group Inc. now owns 22,424,545 shares of the company’s stock valued at $712,877,000 after buying an additional 875,760 shares during the last quarter. Principal Financial Group Inc. raised its stake in Unum Group by 29.3% in the third quarter. Principal Financial Group Inc. now owns 2,739,136 shares of the company’s stock valued at $96,719,000 after buying an additional 619,895 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Unum Group by 1,397.3% in the second quarter. First Trust Advisors LP now owns 647,599 shares of the company’s stock valued at $20,587,000 after buying an additional 604,348 shares during the last quarter. 92.81% of the stock is owned by institutional investors.
About Unum Group