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Unum Group (NYSE:UNM) Receives Consensus Rating of "Hold" from Brokerages

Last updated on Sunday, November 22, 2020 | 2020 MarketBeat

Unum Group (NYSE:UNM) has been assigned a consensus recommendation of "Hold" from the ten research firms that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $23.57.

Several research firms have commented on UNM. Barclays initiated coverage on shares of Unum Group in a research note on Tuesday, November 17th. They set an "underweight" rating and a $21.00 target price on the stock. Morgan Stanley raised their target price on shares of Unum Group from $21.00 to $22.00 and gave the stock an "equal weight" rating in a report on Wednesday. Finally, Zacks Investment Research cut shares of Unum Group from a "hold" rating to a "sell" rating and set a $18.00 target price for the company. in a report on Friday, October 30th.

UNM stock opened at $21.41 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.32. Unum Group has a fifty-two week low of $9.58 and a fifty-two week high of $31.32. The firm's 50-day simple moving average is $19.05 and its 200 day simple moving average is $17.58. The stock has a market cap of $4.36 billion, a PE ratio of 4.57, a price-to-earnings-growth ratio of 0.40 and a beta of 1.73.

Unum Group (NYSE:UNM) last released its earnings results on Tuesday, October 27th. The financial services provider reported $1.21 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.31 by ($0.10). Unum Group had a net margin of 8.12% and a return on equity of 10.99%. During the same quarter last year, the firm posted $1.36 EPS. Equities analysts forecast that Unum Group will post 5.13 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 20th. Stockholders of record on Friday, October 30th were paid a $0.285 dividend. The ex-dividend date was Thursday, October 29th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 5.32%. Unum Group's dividend payout ratio (DPR) is presently 20.99%.

In other Unum Group news, EVP Christopher W. Pyne sold 2,550 shares of the company's stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $19.39, for a total transaction of $49,444.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC grew its holdings in shares of Unum Group by 63.2% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 1,823 shares of the financial services provider's stock worth $31,000 after purchasing an additional 706 shares in the last quarter. Nachman Norwood & Parrott Inc acquired a new stake in shares of Unum Group during the third quarter valued at about $31,000. South State CORP. bought a new position in shares of Unum Group during the third quarter worth about $33,000. Prospera Financial Services Inc bought a new position in shares of Unum Group during the third quarter worth about $34,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Unum Group during the third quarter worth about $44,000. Institutional investors and hedge funds own 90.68% of the company's stock.

About Unum Group

Unum Group, together with its subsidiaries, provides financial protection benefit solutions in the United States, the United Kingdom, Poland, and internationally. It operates through Unum US, Unum International, 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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Analyst Recommendations for Unum Group (NYSE:UNM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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