Unum (UNM) Price Target Cut to $62.00

Unum (NYSE:UNM) had its target price lowered by equities research analysts at SunTrust Banks to $62.00 in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the financial services provider’s stock. SunTrust Banks’ target price points to a potential upside of 32.45% from the company’s current price.

A number of other equities analysts have also weighed in on UNM. Zacks Investment Research upgraded Unum from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Friday, April 6th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $57.00 price objective on shares of Unum in a research note on Thursday. Morgan Stanley dropped their target price on Unum from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 5th. ValuEngine cut Unum from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, Bank of America began coverage on Unum in a research report on Monday, March 26th. They set an “underperform” rating and a $50.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $55.83.

NYSE UNM opened at $46.81 on Thursday. The stock has a market cap of $10,538.67, a price-to-earnings ratio of 10.91, a P/E/G ratio of 1.32 and a beta of 1.46. Unum has a fifty-two week low of $43.55 and a fifty-two week high of $58.73. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.29.



Unum (NYSE:UNM) last released its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.05. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.84 billion. Unum had a return on equity of 10.43% and a net margin of 8.81%. The company’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted $0.99 EPS. analysts forecast that Unum will post 5.17 EPS for the current year.

In other Unum news, CFO John F. Mcgarry sold 4,588 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $58.19, for a total value of $266,975.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Christopher J. Jerome sold 7,806 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $50.90, for a total transaction of $397,325.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,829 shares of company stock worth $999,888. 0.53% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cerebellum GP LLC purchased a new position in Unum in the 4th quarter worth approximately $125,000. Pinebridge Investments L.P. raised its position in shares of Unum by 160.9% during the 4th quarter. Pinebridge Investments L.P. now owns 2,930 shares of the financial services provider’s stock valued at $161,000 after buying an additional 1,807 shares during the period. Lakeview Capital Partners LLC purchased a new stake in shares of Unum during the 4th quarter valued at approximately $206,000. First City Capital Management Inc. purchased a new stake in shares of Unum during the 4th quarter valued at approximately $207,000. Finally, Atlas Brown Inc. purchased a new stake in shares of Unum during the 4th quarter valued at approximately $213,000. 92.93% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Unum (UNM) Price Target Cut to $62.00” was originally posted by Dakota Financial News and is the property of of Dakota Financial News. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & international copyright laws. The correct version of this article can be read at https://dakotafinancialnews.com/2018/04/12/unum-unm-price-target-cut-to-62-00.html.

Unum Company Profile

Unum Group, together with its subsidiaries, provides financial protection benefit solutions in the United States, the United Kingdom, and internationally. It operates through Unum US, Unum UK, Colonial Life, and Closed Block segments. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.

Analyst Recommendations for Unum (NYSE:UNM)

Receive News & Ratings for Unum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unum and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply