Unum Group (UNM) Upgraded by B. Riley to Buy

B. Riley upgraded shares of Unum Group (NYSE:UNM) from a neutral rating to a buy rating in a report released on Tuesday, Marketbeat Ratings reports. The firm currently has $58.00 target price on the financial services provider’s stock. B. Riley also issued estimates for Unum Group’s FY2018 earnings at $5.20 EPS and FY2019 earnings at $5.60 EPS.

Several other equities analysts also recently commented on the company. Royal Bank of Canada reiterated a hold rating and set a $54.00 price target on shares of Unum Group in a report on Thursday, February 1st. Langen Mcalenn reiterated a neutral rating on shares of Unum Group in a report on Tuesday, January 16th. Zacks Investment Research upgraded Unum Group from a hold rating to a buy rating and set a $63.00 price target on the stock in a report on Friday, January 12th. SunTrust Banks reiterated a buy rating and set a $69.00 price target on shares of Unum Group in a report on Thursday, January 11th. Finally, Deutsche Bank assumed coverage on Unum Group in a report on Tuesday, January 2nd. They set a hold rating and a $58.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $56.73.

Unum Group (NYSE:UNM) opened at $52.45 on Tuesday. Unum Group has a twelve month low of $43.55 and a twelve month high of $58.73. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $11,770.00, a P/E ratio of 11.97, a price-to-earnings-growth ratio of 1.45 and a beta of 1.51.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.08 by $0.05. Unum Group had a return on equity of 10.43% and a net margin of 8.81%. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. equities research analysts forecast that Unum Group will post 5.17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Monday, January 29th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 26th. This represents a $0.92 annualized dividend and a dividend yield of 1.75%. Unum Group’s payout ratio is 21.00%.

In other news, CFO John F. Mcgarry sold 4,588 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $58.19, for a total value of $266,975.72. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Timothy Gerald Arnold sold 1,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $55.07, for a total transaction of $55,070.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,047 shares of company stock worth $1,046,303. 0.53% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Gotham Asset Management LLC grew its stake in shares of Unum Group by 0.8% in the second quarter. Gotham Asset Management LLC now owns 4,475 shares of the financial services provider’s stock worth $209,000 after acquiring an additional 35 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Unum Group by 2.1% in the second quarter. Ameritas Investment Partners Inc. now owns 5,386 shares of the financial services provider’s stock worth $251,000 after acquiring an additional 113 shares during the last quarter. Sentry Investment Management LLC grew its stake in shares of Unum Group by 1.1% in the second quarter. Sentry Investment Management LLC now owns 18,223 shares of the financial services provider’s stock worth $850,000 after acquiring an additional 202 shares during the last quarter. Piedmont Investment Advisors LLC grew its stake in shares of Unum Group by 3.6% in the second quarter. Piedmont Investment Advisors LLC now owns 27,106 shares of the financial services provider’s stock worth $1,264,000 after acquiring an additional 937 shares during the last quarter. Finally, Breton Hill Capital Ltd. grew its stake in shares of Unum Group by 3.4% in the third quarter. Breton Hill Capital Ltd. now owns 29,113 shares of the financial services provider’s stock worth $1,489,000 after acquiring an additional 965 shares during the last quarter. Institutional investors and hedge funds own 90.62% of the company’s stock.

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Unum Group Company Profile

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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