Unum Group (NYSE:UNM) Trading Down 2.4%

Unum Group (NYSE:UNM)’s share price fell 2.4% during mid-day trading on Thursday . The stock traded as low as $26.40 and last traded at $25.84, 1,153,810 shares were traded during trading. A decline of 45% from the average session volume of 2,092,210 shares. The stock had previously closed at $26.46.

UNM has been the topic of several research reports. Zacks Investment Research upgraded shares of Unum Group from a “sell” rating to a “hold” rating and set a $35.00 price target on the stock in a research report on Thursday, May 30th. ValuEngine cut shares of Unum Group from a “sell” rating to a “strong sell” rating in a research report on Monday, July 29th. Morgan Stanley reduced their price target on shares of Unum Group from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Credit Suisse Group initiated coverage on shares of Unum Group in a research report on Wednesday, July 10th. They issued an “underperform” rating on the stock. Finally, TheStreet cut shares of Unum Group from a “b-” rating to a “c+” rating in a research report on Thursday, June 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $39.00.

The firm’s 50-day moving average is $31.85 and its two-hundred day moving average is $34.31. The company has a market cap of $5.72 billion, a P/E ratio of 4.95, a PEG ratio of 0.56 and a beta of 1.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.17 and a quick ratio of 0.17.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.02. The company had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Unum Group had a net margin of 4.46% and a return on equity of 12.90%. Unum Group’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.30 earnings per share. As a group, sell-side analysts expect that Unum Group will post 5.45 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Monday, July 29th will be paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 4.43%. This is a positive change from Unum Group’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, July 26th. Unum Group’s payout ratio is presently 21.92%.

In other Unum Group news, Director Gloria C. Larson sold 1,602 shares of Unum Group stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $33.55, for a total transaction of $53,747.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC boosted its stake in Unum Group by 68.3% during the first quarter. CWM LLC now owns 737 shares of the financial services provider’s stock worth $25,000 after buying an additional 299 shares during the period. Hartford Financial Management Inc. purchased a new stake in shares of Unum Group during the second quarter valued at $30,000. Stonebridge Capital Advisors LLC purchased a new stake in shares of Unum Group during the second quarter valued at $35,000. Private Capital Group LLC boosted its stake in shares of Unum Group by 194.2% during the first quarter. Private Capital Group LLC now owns 1,162 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 767 shares during the period. Finally, First Mercantile Trust Co. purchased a new stake in shares of Unum Group during the first quarter valued at $46,000. 92.88% of the stock is owned by institutional investors.

About Unum Group (NYSE:UNM)

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.

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