Unum Group (UNM) Receives Buy Rating from SunTrust Banks

SunTrust Banks reissued their buy rating on shares of Unum Group (NYSE:UNM) in a research note published on Thursday. The brokerage currently has a $69.00 price target on the financial services provider’s stock. SunTrust Banks also issued estimates for Unum Group’s Q1 2018 earnings at $1.23 EPS, Q2 2018 earnings at $1.29 EPS, Q3 2018 earnings at $1.28 EPS and Q4 2018 earnings at $1.35 EPS.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Unum Group from a hold rating to a buy rating and set a $56.00 price target for the company in a research report on Thursday, September 21st. Morgan Stanley increased their price target on shares of Unum Group from $52.00 to $55.00 and gave the company an equal weight rating in a research report on Thursday, October 5th. Royal Bank of Canada reissued a hold rating and set a $52.00 price target on shares of Unum Group in a research report on Friday, October 27th. Wells Fargo & Co set a $48.00 price target on shares of Unum Group and gave the company a hold rating in a research report on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reissued a hold rating and set a $53.00 price target on shares of Unum Group in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Unum Group presently has an average rating of Hold and a consensus target price of $56.00.

Shares of Unum Group (NYSE:UNM) traded up $0.37 during trading on Thursday, hitting $58.59. 997,333 shares of the stock were exchanged, compared to its average volume of 1,305,491. Unum Group has a 12 month low of $43.55 and a 12 month high of $58.73. The stock has a market cap of $13,063.93, a PE ratio of 13.75, a price-to-earnings-growth ratio of 1.74 and a beta of 1.67. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.29.

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

In other Unum Group news, CEO Timothy Gerald Arnold sold 1,000 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $55.07, for a total value of $55,070.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director E Michael Caulfield sold 3,814 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $52.42, for a total transaction of $199,929.88. The disclosure for this sale can be found here. Insiders sold a total of 21,122 shares of company stock valued at $1,136,688 over the last 90 days. Company insiders own 0.53% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. BB&T Investment Services Inc. bought a new position in Unum Group in the 2nd quarter worth $100,000. Invictus RG bought a new position in Unum Group in the 3rd quarter worth $176,000. Keel Point LLC bought a new position in Unum Group in the 3rd quarter worth $202,000. Schulhoff & Co. Inc. bought a new position in Unum Group in the 3rd quarter worth $204,000. Finally, Stratos Wealth Partners LTD. bought a new position in Unum Group in the 3rd quarter worth $205,000. Institutional investors and hedge funds own 91.52% 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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