Unum Group (NYSE:UNM) PT Raised to $48.00

Unum Group (NYSE:UNMGet Rating) had its target price upped by investment analysts at The Goldman Sachs Group from $42.00 to $48.00 in a research note issued on Friday, MarketBeat.com reports. The firm presently has a “buy” rating on the financial services provider’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 19.94% from the stock’s previous close.

A number of other analysts have also issued reports on UNM. Citigroup started coverage on shares of Unum Group in a research note on Monday, May 23rd. They set a “neutral” rating and a $36.00 price target on the stock. Barclays upped their target price on shares of Unum Group from $33.00 to $36.00 and gave the stock an “underweight” rating in a research note on Friday, August 5th. Credit Suisse Group upped their target price on shares of Unum Group from $21.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, August 18th. Morgan Stanley upped their price target on Unum Group from $37.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday, August 17th. Finally, JPMorgan Chase & Co. upped their price target on Unum Group from $34.00 to $36.00 in a report on Monday, July 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $36.00.

Unum Group Stock Down 1.7 %

Shares of NYSE:UNM opened at $40.02 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market capitalization of $8.00 billion, a PE ratio of 7.33, a price-to-earnings-growth ratio of 0.45 and a beta of 1.21. The firm’s 50-day moving average is $36.41 and its two-hundred day moving average is $33.97. Unum Group has a 1 year low of $22.25 and a 1 year high of $41.13.

Insider Buying and Selling

In related news, EVP Lisa G. Iglesias sold 20,000 shares of the stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $40.00, for a total transaction of $800,000.00. Following the completion of the sale, the executive vice president now directly owns 56,814 shares of the company’s stock, valued at $2,272,560. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Lisa G. Iglesias sold 20,000 shares of the stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $40.00, for a total transaction of $800,000.00. Following the completion of the sale, the executive vice president now directly owns 56,814 shares of the company’s stock, valued at $2,272,560. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Richard P. Mckenney sold 40,000 shares of the stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $40.13, for a total value of $1,605,200.00. Following the sale, the chief executive officer now directly owns 950,367 shares of the company’s stock, valued at $38,138,227.71. The disclosure for this sale can be found here. Corporate insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Ahrens Investment Partners LLC purchased a new position in Unum Group in the first quarter worth $32,000. Koshinski Asset Management Inc. raised its position in Unum Group by 50.9% in the first quarter. Koshinski Asset Management Inc. now owns 1,132 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 382 shares in the last quarter. Addison Advisors LLC raised its position in Unum Group by 74.3% in the first quarter. Addison Advisors LLC now owns 1,173 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 500 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in Unum Group in the first quarter worth $37,000. Finally, Exchange Traded Concepts LLC purchased a new position in Unum Group in the first quarter worth $40,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

About Unum Group

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Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, and Poland. 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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