Unum Group (NYSE:UNM) had its price target reduced by Morgan Stanley from $42.00 to $40.00 in a research report sent to investors on Wednesday morning, Stock Target Advisor reports. Morgan Stanley currently has an equal weight rating on the financial services provider’s stock.
UNM has been the subject of a number of other research reports. ValuEngine raised shares of Yirendai from a strong sell rating to a sell rating in a research note on Friday, May 3rd. TheStreet lowered shares of Zumiez from a b rating to a c+ rating in a research note on Thursday, June 6th. Credit Suisse Group initiated coverage on shares of LTC Properties in a research note on Wednesday. They set an underperform rating and a $19.00 target price for the company. Finally, Zacks Investment Research raised shares of Icon from a hold rating to a buy rating and set a $157.00 target price for the company in a research note on Thursday, May 30th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $40.00.
Shares of NYSE:UNM opened at $33.08 on Wednesday. The firm’s fifty day moving average is $33.24. 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 has a 12-month low of $26.76 and a 12-month high of $41.28. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.33.
Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, April 30th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.31. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.99 billion. Unum Group had a net margin of 4.54% and a return on equity of 12.91%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $1.24 EPS. Sell-side analysts expect that Unum Group will post 5.43 earnings per share for the current year.
In other news, Director Gloria C. Larson sold 1,602 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $33.55, for a total transaction of $53,747.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.49% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in UNM. Norges Bank bought a new position in shares of Unum Group during the 4th quarter valued at $70,966,000. Geode Capital Management LLC raised its holdings in shares of Unum Group by 15.1% during the 4th quarter. Geode Capital Management LLC now owns 3,344,324 shares of the financial services provider’s stock valued at $98,111,000 after purchasing an additional 438,390 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Unum Group by 8.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,875,403 shares of the financial services provider’s stock valued at $143,237,000 after purchasing an additional 396,764 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Unum Group by 952.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 298,699 shares of the financial services provider’s stock valued at $10,105,000 after purchasing an additional 270,321 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Unum Group by 108.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 378,846 shares of the financial services provider’s stock valued at $12,816,000 after purchasing an additional 197,126 shares in the last quarter. Institutional investors and hedge funds own 91.35% of the company’s stock.
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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