Unum Group (NYSE:UNM) – Equities research analysts at SunTrust Banks boosted their Q1 2018 earnings per share (EPS) estimates for Unum Group in a report issued on Thursday. SunTrust Banks analyst M. Hughes now forecasts that the financial services provider will post earnings of $1.23 per share for the quarter, up from their prior forecast of $1.06. SunTrust Banks currently has a “Buy” rating and a $69.00 target price on the stock. SunTrust Banks also issued estimates for Unum Group’s Q2 2018 earnings at $1.29 EPS, Q3 2018 earnings at $1.28 EPS and Q4 2018 earnings at $1.35 EPS.

Several other equities research analysts have also issued reports on UNM. Deutsche Bank assumed coverage on shares of Unum Group in a research note on Tuesday, January 2nd. They issued a “hold” rating and a $58.00 price target on the stock. Zacks Investment Research upgraded shares of Unum Group from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research note on Friday. ValuEngine upgraded shares of Unum Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Royal Bank of Canada reiterated a “hold” rating and issued a $51.00 price target on shares of Unum Group in a research note on Tuesday, October 10th. Finally, B. Riley upgraded shares of Unum Group from a “sell” rating to a “neutral” rating and lifted their price target for the company from $43.00 to $52.00 in a research note on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $56.00.

Shares of Unum Group (NYSE UNM) opened at $58.59 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.17 and a quick ratio of 0.17. Unum Group has a 52 week low of $43.55 and a 52 week high of $58.73. The stock has a market cap of $13,063.93, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 1.74 and a beta of 1.67.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.05. Unum Group had a net margin of 8.67% and a return on equity of 10.37%. The firm had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period in the previous year, the business earned $1.01 EPS. The company’s revenue was up 2.0% compared to the same quarter last year.

Several institutional investors have recently added to or reduced their stakes in the company. Gotham Asset Management LLC grew its stake in Unum Group by 0.8% in the 2nd quarter. Gotham Asset Management LLC now owns 4,475 shares of the financial services provider’s stock valued at $209,000 after buying an additional 35 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new position in Unum Group in the 2nd quarter valued at about $1,427,000. California Public Employees Retirement System grew its stake in Unum Group by 3.7% in the 3rd quarter. California Public Employees Retirement System now owns 785,277 shares of the financial services provider’s stock valued at $40,151,000 after buying an additional 27,791 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Unum Group by 11.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 273,147 shares of the financial services provider’s stock valued at $12,736,000 after buying an additional 28,259 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in Unum Group by 9.1% in the 3rd quarter. Wells Fargo & Company MN now owns 766,453 shares of the financial services provider’s stock valued at $39,190,000 after buying an additional 63,792 shares during the last quarter. Institutional investors own 91.52% of the company’s stock.

In other news, EVP Christopher J. Jerome sold 7,849 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $53.24, for a total transaction of $417,880.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Timothy Gerald Arnold sold 1,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $55.07, for a total transaction of $55,070.00. The disclosure for this sale can be found here. Insiders have sold a total of 21,122 shares of company stock worth $1,136,688 over the last 90 days. 0.53% of the stock is owned by company insiders.

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Unum Group Company Profile

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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