Unum Group (NYSE:UNM) has been assigned an average rating of “Hold” from the fourteen ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $52.64.
A number of research firms recently issued reports on UNM. JPMorgan Chase & Co. cut their price target on Unum Group from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, January 2nd. Zacks Investment Research cut Unum Group from a “buy” rating to a “hold” rating in a report on Monday, December 31st. Finally, TheStreet cut Unum Group from a “b-” rating to a “c+” rating in a report on Wednesday, October 24th.
Shares of NYSE:UNM opened at $35.84 on Thursday. Unum Group has a 52 week low of $26.76 and a 52 week high of $53.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.18 and a current ratio of 0.17. The firm has a market capitalization of $7.67 billion, a PE ratio of 6.89, a PEG ratio of 0.71 and a beta of 1.48.
Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, February 5th. The financial services provider reported $1.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.01). Unum Group had a net margin of 4.51% and a return on equity of 12.69%. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.91 billion. During the same quarter in the prior year, the firm posted $1.13 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, sell-side analysts forecast that Unum Group will post 5.5 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Monday, January 28th will be issued a $0.26 dividend. The ex-dividend date is Friday, January 25th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.90%. Unum Group’s dividend payout ratio is 20.00%.
A number of large investors have recently made changes to their positions in UNM. BlackRock Inc. raised its holdings in Unum Group by 21.5% during the 4th quarter. BlackRock Inc. now owns 19,837,098 shares of the financial services provider’s stock worth $582,815,000 after purchasing an additional 3,516,140 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Unum Group by 3,369.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,096,410 shares of the financial services provider’s stock worth $71,000 after purchasing an additional 2,035,983 shares during the last quarter. Prudential Financial Inc. raised its holdings in Unum Group by 249.9% during the 4th quarter. Prudential Financial Inc. now owns 2,515,315 shares of the financial services provider’s stock worth $73,900,000 after purchasing an additional 1,796,405 shares during the last quarter. Schroder Investment Management Group raised its holdings in Unum Group by 40.8% during the 3rd quarter. Schroder Investment Management Group now owns 2,761,483 shares of the financial services provider’s stock worth $107,891,000 after purchasing an additional 800,414 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its holdings in Unum Group by 108,665.3% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 793,987 shares of the financial services provider’s stock worth $31,022,000 after purchasing an additional 793,257 shares during the last quarter. 90.38% of the stock is owned by hedge funds and other institutional investors.
About Unum Group
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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