Unum (NYSE:UNM) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Monday, April 2nd.
A number of other equities analysts have also weighed in on the stock. Bank of America assumed coverage on shares of Unum in a research note on Monday, March 26th. They issued an “underperform” rating and a $50.00 target price for the company. Zacks Investment Research downgraded shares of Unum from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. UBS initiated coverage on shares of Unum in a research note on Friday, March 2nd. They set a “neutral” rating and a $57.00 price objective for the company. B. Riley upgraded shares of Unum from a “neutral” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Tuesday, February 13th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $54.00 target price on shares of Unum in a research note on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $55.83.
Shares of Unum stock traded down $0.39 on Monday, hitting $47.56. 888,506 shares of the company’s stock traded hands, compared to its average volume of 1,698,032. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.17 and a current ratio of 0.17. Unum has a one year low of $43.55 and a one year high of $58.73. The stock has a market capitalization of $10,512.12, a price-to-earnings ratio of 11.24, a PEG ratio of 1.31 and a beta of 1.46.
Unum (NYSE:UNM) last released its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.05. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Unum had a net margin of 8.81% and a return on equity of 10.43%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 EPS. research analysts forecast that Unum will post 5.17 EPS for the current fiscal year.
In other news, EVP Christopher J. Jerome sold 7,806 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $50.90, for a total transaction of $397,325.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael Q. Simonds sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $52.09, for a total transaction of $260,450.00. The disclosure for this sale can be found here. Insiders have sold 14,241 shares of company stock worth $732,912 over the last ninety days. Insiders own 0.53% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. California Public Employees Retirement System boosted its position in Unum by 3.7% in the third quarter. California Public Employees Retirement System now owns 785,277 shares of the financial services provider’s stock valued at $40,151,000 after buying an additional 27,791 shares in the last quarter. State of Tennessee Treasury Department lifted its holdings in shares of Unum by 34.6% during the fourth quarter. State of Tennessee Treasury Department now owns 134,707 shares of the financial services provider’s stock worth $7,394,000 after purchasing an additional 34,610 shares during the period. American International Group Inc. lifted its holdings in shares of Unum by 14.3% during the fourth quarter. American International Group Inc. now owns 76,913 shares of the financial services provider’s stock worth $4,222,000 after purchasing an additional 9,625 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in shares of Unum by 6.8% during the third quarter. Parametric Portfolio Associates LLC now owns 914,985 shares of the financial services provider’s stock worth $46,783,000 after purchasing an additional 58,117 shares during the period. Finally, Keybank National Association OH lifted its holdings in shares of Unum by 40.4% during the fourth quarter. Keybank National Association OH now owns 25,891 shares of the financial services provider’s stock worth $1,421,000 after purchasing an additional 7,451 shares during the period. 92.96% of the stock is currently owned by institutional investors and hedge funds.
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Unum 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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