Unum Group (UNM) Raised to Buy at B. Riley

Unum Group (NYSE:UNM) was upgraded by analysts at B. Riley from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday, Marketbeat reports. The brokerage currently has a $58.00 price objective on the financial services provider’s stock. B. Riley’s price target indicates a potential upside of 10.58% from the stock’s previous close. B. Riley also issued estimates for Unum Group’s FY2018 earnings at $5.20 EPS and FY2019 earnings at $5.60 EPS.

Several other research firms have also commented on UNM. SunTrust Banks reiterated a “buy” rating and set a $69.00 price objective on shares of Unum Group in a research report on Thursday, January 11th. Royal Bank of Canada reiterated a “hold” rating and set a $54.00 price objective on shares of Unum Group in a research report on Thursday, February 1st. Langen Mcalenn reiterated a “neutral” rating on shares of Unum Group in a research report on Tuesday, January 16th. Deutsche Bank assumed coverage on shares of Unum Group in a research report on Tuesday, January 2nd. They set a “hold” rating and a $58.00 price objective for the company. Finally, Goldman Sachs Group assumed coverage on shares of Unum Group in a research report on Wednesday, October 18th. They set a “sell” rating and a $48.00 price objective for the company. One 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 given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $56.73.

Unum Group (NYSE:UNM) opened at $52.45 on Tuesday. The firm has a market cap of $11,234.17, a price-to-earnings ratio of 11.97, a P/E/G ratio of 1.40 and a beta of 1.51. Unum Group has a 52 week low of $43.55 and a 52 week high of $58.73. 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 Group (NYSE:UNM) last posted its earnings results on Wednesday, January 31st. The financial services provider reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.05. The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Unum Group had a net margin of 8.81% and a return on equity of 10.43%. Unum Group’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the company posted $0.99 earnings per share. equities analysts predict that Unum Group will post 5.17 EPS for the current fiscal year.

In other news, EVP Lisa G. Iglesias sold 8,459 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $54.83, for a total value of $463,806.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Q. Simonds sold 5,000 shares of the firm’s stock in a transaction dated 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 26,896 shares of company stock valued at $1,464,183 in the last quarter. 0.53% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Gotham Asset Management LLC lifted its holdings in shares of Unum Group by 0.8% in the 2nd 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. California Public Employees Retirement System lifted its holdings in shares of Unum Group by 3.7% in the 3rd quarter. California Public Employees Retirement System now owns 785,277 shares of the financial services provider’s stock worth $40,151,000 after acquiring an additional 27,791 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Unum Group by 11.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 273,147 shares of the financial services provider’s stock worth $12,736,000 after acquiring an additional 28,259 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Unum Group by 6.8% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 914,985 shares of the financial services provider’s stock worth $46,783,000 after acquiring an additional 58,117 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Unum Group by 9.1% in the 3rd quarter. Wells Fargo & Company MN now owns 766,453 shares of the financial services provider’s stock worth $39,190,000 after acquiring an additional 63,792 shares during the last quarter. Hedge funds and other institutional investors own 90.62% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Unum Group (UNM) Raised to Buy at B. Riley” was originally posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.chaffeybreeze.com/2018/02/15/unum-group-unm-raised-to-buy-at-b-riley.html.

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)

Receive News & Ratings for Unum Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unum Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply