Unum Group (NYSE:UNM) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c+” rating in a research report issued to clients and investors on Wednesday.
A number of other research firms also recently issued reports on UNM. Zacks Investment Research upgraded shares of Unum Group from a “sell” rating to a “hold” rating in a research report on Monday, July 2nd. Barclays reduced their price target on shares of Unum Group from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Monday, July 9th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $53.08.
Shares of UNM stock traded down $0.37 during midday trading on Wednesday, reaching $34.51. 2,758,333 shares of the company traded hands, compared to its average volume of 1,983,845. Unum Group has a 1-year low of $33.27 and a 1-year high of $58.73. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.32. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 0.80 and a beta of 1.36.
In other news, EVP Breege A. Farrell sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $40.66, for a total transaction of $304,950.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.40% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Grace & White Inc. NY grew its stake in Unum Group by 0.3% in the 3rd quarter. Grace & White Inc. NY now owns 550,090 shares of the financial services provider’s stock worth $21,492,000 after acquiring an additional 1,520 shares during the period. LS Investment Advisors LLC grew its stake in Unum Group by 13.1% in the 2nd quarter. LS Investment Advisors LLC now owns 13,902 shares of the financial services provider’s stock worth $514,000 after acquiring an additional 1,607 shares during the period. Signaturefd LLC grew its stake in Unum Group by 95.1% in the 2nd quarter. Signaturefd LLC now owns 3,313 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 1,615 shares during the period. Montecito Bank & Trust grew its stake in Unum Group by 25.8% in the 2nd quarter. Montecito Bank & Trust now owns 8,516 shares of the financial services provider’s stock worth $315,000 after acquiring an additional 1,745 shares during the period. Finally, Assetmark Inc. grew its stake in Unum Group by 17.9% in the 2nd quarter. Assetmark Inc. now owns 11,885 shares of the financial services provider’s stock worth $440,000 after acquiring an additional 1,803 shares during the period. 90.93% of the stock is owned by hedge funds and other institutional investors.
Unum Group 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.
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