Unum Group (UNM) Shares Up 3.4%
Unum Group (NYSE:UNM) shot 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 traded. The stock had previously closed at $31.89.
UNM has been the subject of a number of analyst reports. Barclays PLC increased their price target on Unum Group from $35.00 to $41.00 and gave the company an “overweight” rating in a report on Thursday, April 28th. FBR & Co downgraded Unum Group from a “market perform” rating to an “underperform” rating and set a $31.00 price target for the company. in a report on Monday. Citigroup Inc. reduced their price target on Unum Group from $35.00 to $33.00 and set a “neutral” rating for the company in a report on Thursday, July 7th. Deutsche Bank AG reduced their price target on Unum Group from $38.00 to $33.00 and set a “hold” rating for the company in a report on Thursday, July 7th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $39.00 price target (up previously from $38.00) on shares of Unum Group in a report on Thursday, April 28th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Unum Group has a consensus rating of “Hold” and a consensus target price of $35.91.
The firm has a 50 day moving average price of $33.80 and a 200 day moving average price of $31.66. The company has a market cap of $7.79 billion and a price-to-earnings ratio of 9.25.
Unum Group (NYSE:UNM) last posted its quarterly earnings data on Wednesday, April 27th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. During the same quarter in the previous year, the firm posted $0.89 earnings per share. The business earned $2.73 billion during the quarter, compared to the consensus estimate of $2.73 billion. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities analysts predict that Unum Group will post $3.80 earnings per share for the current fiscal year.
In related news, CEO Timothy Gerald Arnold sold 1,600 shares of Unum Group stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $36.99, for a total transaction of $59,184.00. Following the sale, the chief executive officer now directly owns 17,199 shares of the company’s stock, valued at $636,191.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas R. Watjen sold 40,000 shares of Unum Group stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $34.16, for a total value of $1,366,400.00. Following the sale, the director now directly owns 213,630 shares in the company, valued at $7,297,600.80. The disclosure for this sale can be found here.
Other large investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in 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. Strs Ohio increased its stake in Unum Group by 58.3% in the fourth quarter. Strs Ohio now owns 38,990 shares of the company’s stock worth $1,297,000 after buying an additional 14,356 shares during the period. GAM Holding AG increased its stake in 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. First Trust Advisors LP increased its stake in Unum Group by 27.7% in the fourth quarter. First Trust Advisors LP now owns 62,023 shares of the company’s stock worth $2,065,000 after buying an additional 13,461 shares during the period. Finally, Andra AP fonden increased its stake in Unum Group by 11.9% in the fourth quarter. Andra AP fonden now owns 62,900 shares of the company’s stock worth $2,094,000 after buying an additional 6,700 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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