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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7 Tech Stocks To Buy On Sale
This too shall pass. Those four words should be taped to the computer screen of every investor. If you own shares of the tech sector, you’ve seen your portfolio take quite a hit. Tech stocks were largely immune from the effects of the pandemic.
However, as investors are looking to rebalance their portfolios, tech stocks were obvious targets for some profit-taking. And at the end of the day, that’s what I believe the latest tech selloff amounts to. Stocks don’t move in one direction all the time. Sure, there may be some saber-rattling about breaking up big tech. But with an election in less than two months, nobody will have the political will to do anything.
That doesn’t mean that it’s all going to be smooth sailing. Sure, the Federal Reserve did its part by promising low-interest rates until the end of time (or at least through 2023 whatever comes first). But the rest of 2020 is likely to be volatile for stocks.
First, there’s still the novel coronavirus hanging around. It’s not going to simply disappear after election day. That will take some combination of a vaccine and/or therapeutic. And all the likely candidates seem to be getting farther away the deeper into clinical trials they get.
And we have an election. But we are not likely to know the winner of the election on election night. In fact, for those who remember the spectacle of “hanging chads”, this election could make that one look like amateur hour.
The bottom line is there will be uncertainty. But there are always gains to be found, particularly now that their stock price has come down a little bit. Here are seven tech stocks that you can look to add or increase a position in now that they’re trading at a discount.
View the "7 Tech Stocks To Buy On Sale".