Unum Group (UNM) Coverage Initiated at UBS Group
UBS Group began coverage on shares of Unum Group (NYSE:UNM) in a report published on Friday morning, www.benzinga.com reports. The firm issued a neutral rating and a $57.00 target price on the financial services provider’s stock.
Other equities analysts also recently issued reports about the company. B. Riley upgraded Unum Group from a neutral rating to a buy rating and set a $58.00 price target for the company in a report on Tuesday, February 13th. Zacks Investment Research upgraded Unum Group from a hold rating to a buy rating and set a $63.00 price target for the company in a report on Friday, January 12th. SunTrust Banks restated a buy rating and set a $69.00 price target on shares of Unum Group in a report on Thursday, January 11th. Deutsche Bank started coverage on Unum Group in a report on Tuesday, January 2nd. They set a hold rating and a $58.00 price target for the company. Finally, Wells Fargo & Co set a $56.00 price target on Unum Group and gave the company a hold rating in a report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $56.75.
Shares of Unum Group (NYSE UNM) traded down $0.16 during trading hours on Friday, hitting $49.15. The stock had a trading volume of 1,863,721 shares, compared to its average volume of 1,971,699. Unum Group has a 1 year low of $43.55 and a 1 year high of $58.73. 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 company has a market capitalization of $10,910.39, a P/E ratio of 11.22, a PEG ratio of 1.36 and a beta of 1.49.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Monday, January 29th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 26th. This represents a $0.92 annualized dividend and a yield of 1.87%. Unum Group’s payout ratio is 21.00%.
In related news, EVP Michael Q. Simonds sold 5,000 shares of Unum Group stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $52.09, for a total value of $260,450.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lisa G. Iglesias sold 8,459 shares of Unum Group stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $54.83, for a total value of $463,806.97. The disclosure for this sale can be found here. Insiders sold a total of 20,482 shares of company stock valued at $1,121,439 over the last quarter. 0.53% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UNM. Investec Asset Management LTD grew its stake in shares of Unum Group by 128.2% during the 4th quarter. Investec Asset Management LTD now owns 4,316,708 shares of the financial services provider’s stock valued at $236,944,000 after purchasing an additional 2,425,302 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Unum Group by 21.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,944,398 shares of the financial services provider’s stock valued at $150,548,000 after purchasing an additional 515,351 shares during the period. Geode Capital Management LLC grew its stake in shares of Unum Group by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 2,514,687 shares of the financial services provider’s stock valued at $137,746,000 after purchasing an additional 85,020 shares during the period. APG Asset Management N.V. grew its stake in shares of Unum Group by 44.7% during the 4th quarter. APG Asset Management N.V. now owns 1,343,609 shares of the financial services provider’s stock valued at $61,418,000 after purchasing an additional 415,200 shares during the period. Finally, AGF Investments Inc. grew its stake in shares of Unum Group by 7.6% during the 3rd quarter. AGF Investments Inc. now owns 1,284,283 shares of the financial services provider’s stock valued at $65,665,000 after purchasing an additional 90,655 shares during the period. Institutional investors own 90.16% 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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