Unum Group (NYSE:UNM)‘s stock had its “neutral” rating reissued by equities researchers at Langen Mcalenn in a note issued to investors on Tuesday. Langen Mcalenn also issued estimates for Unum Group’s Q4 2017 earnings at $1.16 EPS.
Several other brokerages have also commented on UNM. SunTrust Banks restated a “buy” rating and set a $62.00 target price on shares of Unum Group in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of Unum Group from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research report on Thursday, September 21st. Morgan Stanley boosted their target price on shares of Unum Group from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. Royal Bank of Canada restated a “hold” rating and set a $51.00 target price on shares of Unum Group in a research report on Tuesday, October 10th. Finally, Wells Fargo & Co set a $48.00 target price on shares of Unum Group and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $56.00.
Unum Group (UNM) opened at $55.54 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a market cap of $13,146.96, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 1.65 and a beta of 1.67. Unum Group has a 12 month low of $43.55 and a 12 month high of $58.73.
In related news, EVP Lisa G. Iglesias sold 8,459 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $54.83, for a total value of $463,806.97. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director E Michael Caulfield sold 3,814 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $52.42, for a total transaction of $199,929.88. The disclosure for this sale can be found here. Insiders sold a total of 21,122 shares of company stock worth $1,136,688 over the last quarter. Insiders own 0.53% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in UNM. Franklin Resources Inc. lifted its holdings in Unum Group by 1.1% in the 2nd quarter. Franklin Resources Inc. now owns 56,240 shares of the financial services provider’s stock valued at $2,623,000 after purchasing an additional 623 shares in the last quarter. Amalgamated Bank lifted its holdings in Unum Group by 54.5% in the 2nd quarter. Amalgamated Bank now owns 25,661 shares of the financial services provider’s stock valued at $1,197,000 after purchasing an additional 9,047 shares in the last quarter. BlueMountain Capital Management LLC lifted its holdings in Unum Group by 130.1% in the 2nd quarter. BlueMountain Capital Management LLC now owns 9,725 shares of the financial services provider’s stock valued at $453,000 after purchasing an additional 5,498 shares in the last quarter. Stevens Capital Management LP purchased a new position in Unum Group in the 2nd quarter valued at about $1,048,000. Finally, ProShare Advisors LLC lifted its holdings in Unum Group by 0.8% in the 2nd quarter. ProShare Advisors LLC now owns 94,312 shares of the financial services provider’s stock valued at $4,398,000 after purchasing an additional 711 shares in the last quarter. Institutional investors own 91.75% of the company’s stock.
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About Unum Group
Unum Group is a provider of financial protection benefits in the United States and the United Kingdom. The Company’s products include disability, life, accident, critical illness, dental and vision, and other related services. Its segments include Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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