Unum Group’s (UNM) Hold Rating Reaffirmed at Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their hold rating on shares of Unum Group (NYSE:UNM) in a research note published on Tuesday. The firm currently has a $51.00 price objective on the financial services provider’s stock.

Several other research firms also recently commented on UNM. Morgan Stanley lifted their price target on shares of Unum Group from $52.00 to $55.00 and gave the stock an equal weight rating in a research note on Thursday, October 5th. Zacks Investment Research raised shares of Unum Group from a hold rating to a buy rating and set a $58.00 price target on the stock in a research note on Thursday, October 5th. SunTrust Banks, Inc. reissued a buy rating and set a $58.00 price target on shares of Unum Group in a research note on Wednesday, September 27th. BidaskClub raised shares of Unum Group from a hold rating to a buy rating in a research note on Wednesday, August 2nd. Finally, Barclays PLC lifted their target price on shares of Unum Group from $56.00 to $57.00 and gave the stock an overweight rating in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Unum Group presently has a consensus rating of Hold and an average target price of $51.33.

Unum Group (NYSE UNM) opened at 52.43 on Tuesday. Unum Group has a 52-week low of $34.83 and a 52-week high of $52.75. The firm has a market capitalization of $11.83 billion, a PE ratio of 12.63 and a beta of 1.59. The company’s 50-day moving average is $49.46 and its 200-day moving average is $47.58.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.80 billion. Unum Group had a net margin of 8.57% and a return on equity of 10.23%. During the same period last year, the firm posted $1.00 earnings per share. Analysts forecast that Unum Group will post $4.17 EPS for the current fiscal year.

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In related news, Director Pamela H. Godwin sold 2,500 shares of Unum Group stock in a transaction on Monday, August 7th. The shares were sold at an average price of $50.71, for a total value of $126,775.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gloria C. Larson sold 2,460 shares of Unum Group stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $50.23, for a total transaction of $123,565.80. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.

Several hedge funds have recently made changes to their positions in UNM. UBS Asset Management Americas Inc. boosted its holdings in shares of Unum Group by 6.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 664,844 shares of the financial services provider’s stock valued at $31,175,000 after buying an additional 38,887 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Unum Group by 11.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 10,171 shares of the financial services provider’s stock valued at $477,000 after buying an additional 1,081 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Unum Group by 3.2% during the 1st quarter. Pacer Advisors Inc. now owns 4,366 shares of the financial services provider’s stock valued at $205,000 after buying an additional 134 shares in the last quarter. Stifel Financial Corp bought a new stake in shares of Unum Group during the 1st quarter valued at $1,235,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Unum Group by 4.1% during the 1st quarter. Victory Capital Management Inc. now owns 90,075 shares of the financial services provider’s stock valued at $4,224,000 after buying an additional 3,547 shares in the last quarter. Hedge funds and other institutional investors own 92.34% of the company’s stock.

About Unum Group

Unum Group is a provider of financial protection benefits in the United States and the United Kingdom. The Company’s products include disability, life, accident, critical illness, dental and vision, and other related services. Its segments include Unum US, Unum UK, Colonial Life, Closed Block and Corporate.

Analyst Recommendations for Unum Group (NYSE:UNM)

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