Unum Group (NYSE:UNM) Coverage Initiated at Raymond James

Analysts at Raymond James began coverage on shares of Unum Group (NYSE:UNMGet Rating) in a research note issued on Wednesday, The Fly reports. The brokerage set a “market perform” rating on the financial services provider’s stock.

Several other brokerages also recently issued reports on UNM. JPMorgan Chase & Co. raised their price objective on shares of Unum Group from $34.00 to $36.00 in a research report on Monday, July 11th. Barclays raised 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. Evercore ISI raised their price objective on shares of Unum Group from $35.00 to $37.00 and gave the company an “in-line” rating in a research note on Wednesday, July 6th. The Goldman Sachs Group raised their target price on shares of Unum Group from $42.00 to $48.00 and gave the company a “buy” rating in a report on Friday, September 16th. Finally, Morgan Stanley lifted their price target on shares of Unum Group from $37.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Unum Group presently has an average rating of “Hold” and an average price target of $36.00.

Unum Group Stock Performance

Unum Group stock opened at $40.06 on Wednesday. The firm has a 50 day simple moving average of $37.02 and a 200-day simple moving average of $34.26. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.30 and a quick ratio of 0.30. Unum Group has a 1-year low of $22.25 and a 1-year high of $41.13. The stock has a market cap of $8.01 billion, a price-to-earnings ratio of 7.34, a price-to-earnings-growth ratio of 0.44 and a beta of 1.21.

Insider Buying and Selling at Unum Group

In other Unum Group news, EVP Lisa G. Iglesias sold 20,000 shares of Unum Group stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $40.00, for a total transaction of $800,000.00. Following the transaction, 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 at this link. In related news, CEO Richard P. Mckenney sold 40,000 shares of the company’s stock in a transaction on Thursday, August 25th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lisa G. Iglesias sold 20,000 shares of the company’s stock in a transaction on Thursday, August 25th. The shares were 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 in the company, valued at $2,272,560. The disclosure for this sale can be found here. 0.77% of the stock is currently owned by corporate insiders.

Institutional Trading of Unum Group

Institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. grew its position in shares of Unum Group by 7.9% during the first quarter. Advisor Group Holdings Inc. now owns 233,497 shares of the financial services provider’s stock worth $7,794,000 after acquiring an additional 17,043 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new stake in Unum Group in the 1st quarter valued at about $233,000. Advisory Services Network LLC lifted its holdings in Unum Group by 1.5% in the 1st quarter. Advisory Services Network LLC now owns 75,720 shares of the financial services provider’s stock valued at $2,386,000 after acquiring an additional 1,100 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Unum Group by 3.3% in the 4th quarter. Mackenzie Financial Corp now owns 626,563 shares of the financial services provider’s stock valued at $15,395,000 after acquiring an additional 19,820 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Unum Group in the 1st quarter valued at about $2,432,000. 80.70% of the stock is owned by institutional investors and hedge funds.

Unum Group Company Profile

(Get Rating)

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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Analyst Recommendations for Unum Group (NYSE:UNM)

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