Unum Group (NYSE:UNM) PT Lowered to $40.00

Unum Group (NYSE:UNM) had its price objective reduced by Morgan Stanley from $42.00 to $40.00 in a research report sent to investors on Wednesday, Stock Target Advisor reports. They currently have an equal weight rating on the financial services provider’s stock.

Several other brokerages have also weighed in on UNM. TheStreet lowered shares of Zumiez from a b rating to a c+ rating in a research report on Thursday, June 6th. ValuEngine upgraded shares of Yirendai from a strong sell rating to a sell rating in a research report on Friday, May 3rd. Zacks Investment Research upgraded shares of Icon from a hold rating to a buy rating and set a $157.00 target price on the stock in a research report on Thursday, May 30th. Finally, Credit Suisse Group started coverage on shares of LTC Properties in a research report on Wednesday. They issued an underperform rating and a $19.00 price target on the stock. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Unum Group currently has an average rating of Hold and an average target price of $40.00.

Shares of Unum Group stock opened at $33.08 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 0.17. The company’s 50-day simple moving average is $33.24. Unum Group has a twelve month low of $26.76 and a twelve month high of $41.28. The firm has a market cap of $7.01 billion, a price-to-earnings ratio of 6.36, a P/E/G ratio of 0.67 and a beta of 1.50.



Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, April 30th. The financial services provider reported $1.31 earnings per share for the quarter, meeting the consensus estimate of $1.31. Unum Group had a net margin of 4.54% and a return on equity of 12.91%. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the previous year, the business earned $1.24 EPS. The firm’s revenue was up 3.0% on a year-over-year basis. Sell-side analysts predict that Unum Group will post 5.43 earnings per share for the current year.

In other Unum Group news, Director Gloria C. Larson sold 1,602 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $33.55, for a total value of $53,747.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.49% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in UNM. CWM LLC boosted its position in Unum Group by 68.3% in the first quarter. CWM LLC now owns 737 shares of the financial services provider’s stock valued at $25,000 after buying an additional 299 shares in the last quarter. CSat Investment Advisory L.P. raised its stake in shares of Unum Group by 81.4% in the fourth quarter. CSat Investment Advisory L.P. now owns 1,288 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 578 shares during the last quarter. Private Capital Group LLC raised its stake in shares of Unum Group by 194.2% in the first quarter. Private Capital Group LLC now owns 1,162 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 767 shares during the last quarter. First Mercantile Trust Co. bought a new position in shares of Unum Group in the first quarter worth about $46,000. Finally, Quadrant Capital Group LLC raised its stake in shares of Unum Group by 510.7% in the first quarter. Quadrant Capital Group LLC now owns 2,064 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 1,726 shares during the last quarter. 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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