Unum Group (NYSE:UNM) Downgraded by StockNews.com

StockNews.com lowered shares of Unum Group (NYSE:UNMGet Rating) from a buy rating to a hold rating in a research report released on Thursday.

Several other research firms have also recently commented on UNM. Evercore ISI raised their price target on Unum Group from $35.00 to $37.00 and gave the company an in-line rating in a report on Wednesday, July 6th. The Goldman Sachs Group raised their price target on Unum Group from $42.00 to $48.00 and gave the company a buy rating in a report on Friday, September 16th. Barclays raised their price target on Unum Group from $33.00 to $36.00 and gave the company an underweight rating in a report on Friday, August 5th. Morgan Stanley raised 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, Raymond James assumed coverage on Unum Group in a report on Wednesday. They issued a market perform rating for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Unum Group has an average rating of Hold and a consensus target price of $36.00.

Unum Group Stock Up 0.3 %

Unum Group stock opened at $40.06 on Thursday. Unum Group has a twelve month low of $22.25 and a twelve month high of $41.13. The stock has a 50 day moving average of $37.02 and a two-hundred day moving average of $34.26. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of 7.34, a PEG ratio of 0.44 and a beta of 1.21.

Unum Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 19th. Shareholders of record on Friday, July 29th were given a dividend of $0.33 per share. This is an increase from Unum Group’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, July 28th. This represents a $1.32 annualized dividend and a yield of 3.30%. Unum Group’s dividend payout ratio (DPR) is presently 24.18%.

Insiders Place Their Bets

In other Unum Group news, EVP Lisa G. Iglesias sold 20,000 shares of the firm’s 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 transaction, the executive vice president now owns 56,814 shares of the company’s stock, valued at $2,272,560. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Unum Group news, EVP Lisa G. Iglesias sold 20,000 shares of the firm’s 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 transaction, the executive vice president now owns 56,814 shares of the company’s stock, valued at $2,272,560. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard P. Mckenney sold 40,000 shares of the firm’s 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 transaction, the chief executive officer now directly owns 950,367 shares of the company’s stock, valued at approximately $38,138,227.71. The disclosure for this sale can be found here. 0.77% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Unum Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its position in shares of Unum Group by 3.7% in the first quarter. BlackRock Inc. now owns 23,681,485 shares of the financial services provider’s stock valued at $746,204,000 after purchasing an additional 836,407 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Unum Group by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 8,384,316 shares of the financial services provider’s stock valued at $264,190,000 after acquiring an additional 388,508 shares during the last quarter. State Street Corp boosted its holdings in Unum Group by 2.4% in the second quarter. State Street Corp now owns 7,106,074 shares of the financial services provider’s stock valued at $241,749,000 after acquiring an additional 166,022 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Unum Group by 7.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,293,213 shares of the financial services provider’s stock valued at $135,279,000 after acquiring an additional 288,209 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Unum Group by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 2,959,087 shares of the financial services provider’s stock valued at $72,704,000 after acquiring an additional 110,142 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

About Unum Group

(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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