Credit Suisse Group Begins Coverage on Unum Group (NYSE:UNM)

Credit Suisse Group began coverage on shares of Unum Group (NYSE:UNM) in a research note released on Wednesday, Benzinga reports. The brokerage issued an underperform rating on the financial services provider’s stock.

Other analysts also recently issued reports about the company. TheStreet downgraded Zumiez from a b rating to a c+ rating in a report on Thursday, June 6th. ValuEngine raised Yirendai from a strong sell rating to a sell rating in a report on Friday, May 3rd. Finally, Zacks Investment Research raised Icon from a hold rating to a buy rating and set a $157.00 target price for the company in a report on Thursday, May 30th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $40.00.

Shares of NYSE UNM opened at $33.08 on Wednesday. The stock has a market cap of $6.96 billion, a P/E ratio of 6.36, a price-to-earnings-growth ratio of 0.67 and a beta of 1.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.17 and a quick ratio of 0.17. The business’s 50-day simple moving average is $33.24. Unum Group has a 1 year low of $26.76 and a 1 year high of $41.28.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.31. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.99 billion. Unum Group had a return on equity of 12.91% and a net margin of 4.54%. Unum Group’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.24 EPS. Equities analysts anticipate that Unum Group will post 5.44 earnings per share for the current year.

In other news, Director Gloria C. Larson sold 1,602 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $33.55, for a total value of $53,747.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the stock. CWM LLC increased its position in Unum Group by 68.3% in the 1st quarter. CWM LLC now owns 737 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 299 shares during the period. CSat Investment Advisory L.P. increased its position in Unum Group by 81.4% in the 4th quarter. CSat Investment Advisory L.P. now owns 1,288 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 578 shares during the period. Private Capital Group LLC increased its position in Unum Group by 194.2% in the 1st quarter. Private Capital Group LLC now owns 1,162 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 767 shares during the period. First Mercantile Trust Co. acquired a new position in Unum Group in the 1st quarter valued at about $46,000. Finally, Stamos Capital Partners L.P. acquired a new position in Unum Group in the 4th quarter valued at about $60,000. Hedge funds and other institutional investors own 91.35% of the company’s stock.

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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