November 28, 2016 - By Darrin Black
New York: In an analyst note made public on 28 November, FBR & Co. reconfirmed their “Underperform” rating on shares of Unum Group (NYSE:UNM). They currently have a $40 TP on the firm. FBR & Co.’s target gives a potential downside of -6.74% from the company’s last stock price.
Out of 7 analysts covering Unum Group (NYSE:UNM), 3 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 43% are positive. $43 is the highest target while $30 is the lowest. The $36.67 average target is -14.50% below today’s ($42.89) stock price. Unum Group has been the topic of 15 analyst reports since July 30, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, November 15 report. The firm earned “Sell” rating on Friday, July 15 by Goldman Sachs. The company was downgraded on Thursday, December 3 by Bank of America. The firm earned “Neutral” rating on Friday, October 7 by Credit Suisse. RBC Capital Markets maintained it with “Outperform” rating and $38 target price in Wednesday, February 3 report. RBC Capital Markets maintained the shares of UNM in a report on Thursday, April 28 with “Outperform” rating. Bank of America downgraded Unum Group (NYSE:UNM) on Wednesday, June 29 to “Underperform” rating. Deutsche Bank maintained the stock with “Hold” rating in Friday, July 31 report. As per Thursday, July 30, the company rating was maintained by RBC Capital Markets. The firm has “Market Perform” rating given on Friday, September 23 by Wells Fargo.
The stock decreased 0.35% or $0.15 during the last trading session, hitting $42.89. About 117 shares traded hands. Unum Group (NYSE:UNM) has risen 27.61% since April 25, 2016 and is uptrending. It has outperformed by 21.60% the S&P500.
Analysts await Unum Group (NYSE:UNM) to report earnings on February, 7. They expect $0.97 earnings per share, up 2.11% or $0.02 from last year’s $0.95 per share. UNM’s profit will be $224.35M for 11.05 P/E if the $0.97 EPS becomes a reality. After $0.99 actual earnings per share reported by Unum Group for the previous quarter, Wall Street now forecasts -2.02% negative EPS growth.
Insitutional Activity: The institutional sentiment decreased to 0.81 in Q2 2016. Its down 0.32, from 1.13 in 2016Q1. The ratio is negative, as 23 funds sold all Unum Group shares owned while 148 reduced positions. 56 funds bought stakes while 138 increased positions. They now own 215.33 million shares or 4.62% less from 225.76 million shares in 2016Q1.
Denver Invest Advsrs Ltd Liability owns 36,784 shares or 0.05% of their US portfolio. Parkside Fin Retail Bank has 0% invested in the company for 43 shares. Price T Rowe Assocs Md has 441,338 shares for 0% of their US portfolio. Oakbrook Invests Limited Liability Com, a Illinois-based fund reported 29,800 shares. First Personal Finance, a North Carolina-based fund reported 841 shares. Gideon Capital Advisors owns 60,372 shares or 1.12% of their US portfolio. Thompson Siegel & Walmsley Ltd Limited Liability Company owns 730 shares or 0% of their US portfolio. Moreover, First Quadrant Ltd Partnership Ca has 0.01% invested in Unum Group (NYSE:UNM) for 18,600 shares. Trexquant Limited Partnership last reported 113,569 shares in the company. The Ontario – Canada-based Td Asset Inc has invested 0.01% in Unum Group (NYSE:UNM). State Street holds 0.04% of its portfolio in Unum Group (NYSE:UNM) for 10.39 million shares. Cornerstone Mngmt Limited Com has 85,011 shares for 0.02% of their US portfolio. Parametric Portfolio Associate Limited Liability Company reported 980,027 shares or 0.05% of all its holdings. Patten & Patten Tn has 0.62% invested in the company for 140,809 shares. Next Grp Incorporated has invested 0.01% of its portfolio in Unum Group (NYSE:UNM).
Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 3 selling transactions for $2.36 million net activity. The insider McGarry John F sold 16,983 shares worth $698,681. Jerome Christopher J also sold $331,930 worth of Unum Group (NYSE:UNM) on Monday, November 14. 40,000 shares were sold by WATJEN THOMAS R, worth $1.33M on Monday, August 1. Arnold Timothy Gerald also sold $59,179 worth of Unum Group (NYSE:UNM) on Tuesday, May 31.
Unum Group is a provider of disability insurance products in the United States and the United Kingdom. The company has a market cap of $9.92 billion. The Firm provides a portfolio of other insurance products, including employer and employee paid group benefits, life insurance and other related services. It has a 11.25 P/E ratio. The Company’s divisions are Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
According to Zacks Investment Research, “UnumProvident is the industry leader in disability income protection and one of the top providers of supplemental benefits in the nation. The company’s subsidiaries offer comprehensive insurance solutions to help protect against the financial effects of accident, illness or death. Below are the countries in which we operate, and the companies that offer products in each country.”
Unum Group, incorporated on March 22, 1995, is a well-known provider of disability insurance products in the United States and the United Kingdom. The Firm also provides a portfolio of other insurance products, including employer and employee paid group benefits, life insurance and other related services. The Company’s divisions are Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
Another recent and important Unum Group (NYSE:UNM) news was published by Forbes.com which published an article titled: “Ex-Dividend Reminder: Unum Group, Tanger Factory Outlet Centers and Education …” on October 25, 2016.
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By Darrin Black