Unum Group (UNM) Earns Hold Rating from Analysts at Deutsche Bank

Deutsche Bank assumed coverage on shares of Unum Group (NYSE:UNM) in a research note published on Tuesday, MarketBeat Ratings reports. The firm issued a hold rating and a $58.00 price target on the financial services provider’s stock.

UNM has been the subject of several other reports. Zacks Investment Research lowered Unum Group from a buy rating to a hold rating in a research report on Monday, September 4th. Morgan Stanley raised their price target on Unum Group from $52.00 to $55.00 and gave the stock an equal weight rating in a research report on Thursday, October 5th. SunTrust Banks restated a buy rating and set a $58.00 price target on shares of Unum Group in a research report on Wednesday, September 27th. Goldman Sachs Group initiated coverage on Unum Group in a research report on Wednesday, October 18th. They set a sell rating and a $48.00 price target for the company. Finally, Keefe, Bruyette & Woods restated a hold rating and set a $53.00 price target on shares of Unum Group in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $54.91.

Unum Group (UNM) opened at $55.99 on Tuesday. The firm has a market capitalization of $12,560.00, a P/E ratio of 13.14, a P/E/G ratio of 1.75 and a beta of 1.66. Unum Group has a 52-week low of $43.55 and a 52-week high of $57.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.17 and a quick ratio of 0.17.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.05. The company had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.82 billion. Unum Group had a return on equity of 10.37% and a net margin of 8.67%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 earnings per share. analysts anticipate that Unum Group will post 4.23 EPS for the current fiscal year.

In other news, CEO Timothy Gerald Arnold sold 1,000 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $55.07, for a total value of $55,070.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Christopher J. Jerome sold 7,849 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $53.24, for a total value of $417,880.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,122 shares of company stock worth $1,136,688. Insiders own 0.53% of the company’s stock.

A number of institutional investors have recently bought and sold shares of UNM. Janus Henderson Group PLC raised its stake in Unum Group by 8,280.8% in the second quarter. Janus Henderson Group PLC now owns 2,062,519 shares of the financial services provider’s stock valued at $96,175,000 after buying an additional 2,037,909 shares in the last quarter. Balyasny Asset Management LLC raised its stake in Unum Group by 370.0% in the second quarter. Balyasny Asset Management LLC now owns 874,161 shares of the financial services provider’s stock valued at $40,762,000 after buying an additional 688,176 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Unum Group by 2,958.0% in the third quarter. Assenagon Asset Management S.A. now owns 637,002 shares of the financial services provider’s stock valued at $32,570,000 after buying an additional 616,171 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Unum Group by 21.2% in the third quarter. Bank of New York Mellon Corp now owns 2,944,398 shares of the financial services provider’s stock valued at $150,548,000 after buying an additional 515,351 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Unum Group by 73.0% in the second quarter. Parametric Portfolio Associates LLC now owns 873,039 shares of the financial services provider’s stock valued at $40,710,000 after buying an additional 368,361 shares in the last quarter. Institutional investors own 91.48% of the company’s stock.

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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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