Unum Group (UNM) Cut to “Neutral” at Compass Point
Compass Point cut shares of Unum Group (NYSE:UNM) from a buy rating to a neutral rating in a report published on Monday. The brokerage currently has $42.00 price objective on the stock. The analysts noted that the move was a valuation call.
Other analysts have also issued reports about the stock. Royal Bank Of Canada increased their target price on shares of Unum Group from $36.00 to $43.00 and gave the stock an outperform rating in a report on Tuesday, November 15th. Zacks Investment Research downgraded shares of Unum Group from a buy rating to a hold rating in a research note on Tuesday, November 15th. RBC Capital Markets reissued an outperform rating and issued a $43.00 price target (up from $36.00) on shares of Unum Group in a research note on Tuesday, November 15th. Goldman Sachs Group Inc. increased their price target on shares of Unum Group from $30.00 to $33.00 and gave the stock a sell rating in a research note on Friday, September 23rd. Finally, FBR & Co increased their price target on shares of Unum Group from $31.00 to $40.00 and gave the stock an underperform rating in a research note on Monday. Four research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $38.67.
Shares of Unum Group (NYSE:UNM) opened at 42.27 on Monday. Unum Group has a 12 month low of $23.99 and a 12 month high of $43.47. The firm has a market cap of $9.81 billion, a P/E ratio of 11.09 and a beta of 1.50. The company’s 50-day moving average price is $38.52 and its 200-day moving average price is $35.34.
Unum Group (NYSE:UNM) last posted its earnings results on Wednesday, October 26th. The company reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.04. The company earned $2.76 billion during the quarter, compared to analyst estimates of $2.74 billion. Unum Group had a net margin of 8.29% and a return on equity of 10.24%. Unum Group’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 earnings per share. On average, analysts predict that Unum Group will post $3.89 EPS for the current year.
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The company also recently declared a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Monday, October 31st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Thursday, October 27th. Unum Group’s dividend payout ratio (DPR) is currently 20.94%.
In related news, CFO John F. Mcgarry sold 12,000 shares of the firm’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher J. Jerome sold 8,000 shares of the firm’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 disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.
Several large investors have recently made changes to their positions in UNM. Mizuho Asset Management Co. Ltd. boosted its stake in shares of Unum Group by 100.7% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,876 shares of the company’s stock valued at $123,000 after buying an additional 1,945 shares in the last quarter. Johnson Financial Group Inc. boosted its stake in shares of Unum Group by 514.2% in the second quarter. Johnson Financial Group Inc. now owns 3,906 shares of the company’s stock valued at $124,000 after buying an additional 3,270 shares in the last quarter. Bellwether Investment Group LLC bought a new stake in shares of Unum Group during the second quarter valued at about $133,000. Point72 Asia Hong Kong Ltd bought a new stake in shares of Unum Group during the second quarter valued at about $134,000. Finally, Pacer Advisors Inc. boosted its stake in shares of Unum Group by 9.8% in the second quarter. Pacer Advisors Inc. now owns 4,288 shares of the company’s stock valued at $136,000 after buying an additional 384 shares in the last quarter. 92.81% of the stock is owned by institutional investors.
About Unum Group
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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