Unum Group (UNM) Trading 3.4% Higher
Shares of Unum Group (NYSE:UNM) traded up 3.4% on Thursday . The stock traded as high as $32.98 and last traded at $32.97, with a volume of 1,032,734 shares. The stock had previously closed at $31.89.
Several analysts recently weighed in on the stock. Bank of America Corp. cut shares of Unum Group from a “neutral” rating to an “underperform” rating in a research note on Wednesday, June 29th. Zacks Investment Research cut shares of Unum Group from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Evercore ISI assumed coverage on shares of Unum Group in a research note on Wednesday, July 6th. They issued a “sell” rating and a $29.00 price objective on the stock. Deutsche Bank AG reduced their price objective on shares of Unum Group from $38.00 to $33.00 and set a “hold” rating on the stock in a research note on Thursday, July 7th. Finally, Citigroup Inc. reduced their price objective on shares of Unum Group from $35.00 to $33.00 and set a “neutral” rating on the stock in a research note on Thursday, July 7th. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.64.
The company has a market cap of $7.70 billion and a PE ratio of 9.15. The firm’s 50-day moving average is $33.61 and its 200 day moving average is $31.65.
Unum Group (NYSE:UNM) last posted its quarterly earnings data on Wednesday, April 27th. The company reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.04. The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.73 billion. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 EPS. Equities research analysts forecast that Unum Group will post $3.80 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Stockholders of record on Friday, July 29th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.47%. This is a boost from Unum Group’s previous quarterly dividend of $0.19.
In related news, CEO Timothy Gerald Arnold sold 1,600 shares of Unum Group stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $36.99, for a total value of $59,184.00. Following the transaction, the chief executive officer now owns 17,199 shares in the company, valued at approximately $636,191.01. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas R. Watjen sold 40,000 shares of Unum Group stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $34.16, for a total transaction of $1,366,400.00. Following the completion of the transaction, the director now owns 213,630 shares in the company, valued at approximately $7,297,600.80. The disclosure for this sale can be found here.
Other institutional investors have modified their holdings of the company. TD Asset Management Inc. boosted its position in shares of Unum Group by 1.3% in the fourth quarter. TD Asset Management Inc. now owns 111,714 shares of the company’s stock worth $3,719,000 after buying an additional 1,400 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its stake in shares of Unum Group by 5.0% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 32,577 shares of the company’s stock worth $1,084,000 after buying an additional 1,551 shares during the period. Suntrust Banks Inc. raised its stake in shares of Unum Group by 0.5% in the fourth quarter. Suntrust Banks Inc. now owns 444,315 shares of the company’s stock worth $14,790,000 after buying an additional 2,268 shares during the period. GAM Holding AG raised its stake in shares of Unum Group by 4.7% in the fourth quarter. GAM Holding AG now owns 51,006 shares of the company’s stock worth $1,698,000 after buying an additional 2,278 shares during the period. Finally, Swiss National Bank raised its stake in shares of Unum Group by 0.5% in the fourth quarter. Swiss National Bank now owns 447,667 shares of the company’s stock worth $14,903,000 after buying an additional 2,400 shares during the period.
Unum Group is a provider of disability insurance products in the United States and the United Kingdom. The Company provides a portfolio of other insurance products, including employer and employee paid group benefits, life insurance and other related services. Its segments are Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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