Rating Action: Unum Group (UNM) Underperform Rating Kept by FBR & Co.; The Target Price per Share is $40.0

November 28, 2016 - By olga

Rating Action: Unum Group (UNM) Underperform Rating Kept by FBR & Co.; The Target Price per Share is $40.0

Unum Group (UNM) Rating

In a research report revealed to investors on today, FBR & Co. kept their Underperform rating on Unum Group (UNM)‘s stock. The price target would indicate a potential downside of -6.74% from company’s last stock price.

Unum Group (NYSE:UNM) Ratings Coverage

Out of 3 analysts covering Unum Group (UNM), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Unum Group has been the topic of 3 analyst reports since September 23, 2016 according to StockzIntelligence Inc. The firm earned “Market Perform” rating on Friday, September 23 by Wells Fargo. The stock has “Neutral” rating given by Credit Suisse on Friday, October 7. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, November 15 report.

The stock decreased 0.35% or $0.15 during the last trading session, hitting $42.89. About 117 shares traded hands. Unum Group (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 dived, 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.

Signaturefd Limited Co accumulated 728 shares or 0% of the stock. M&R Capital Management Inc last reported 0.07% of its portfolio in the stock. The Michigan-based World Asset has invested 0.03% in Unum Group (NYSE:UNM). Deutsche State Bank Ag accumulated 0.01% or 528,225 shares. Moreover, North Star Investment has 0% invested in Unum Group (NYSE:UNM) for 770 shares. Dnb Asset Mngmt As holds 0% or 15,080 shares in its portfolio. Mitsubishi Ufj & Banking Corp has 0.03% invested in the company for 490,777 shares. The Pennsylvania-based Vantage Investment Advsrs Limited Liability Com has invested 0% in Unum Group (NYSE:UNM). Moreover, Laffer Invs has 0% invested in Unum Group (NYSE:UNM) for 29,825 shares. Robeco Institutional Asset Management Bv holds 46,974 shares or 0.01% of its portfolio. Moreover, Amica Retiree Med has 0.05% invested in Unum Group (NYSE:UNM) for 1,793 shares. Herndon Cap Mngmt Ltd Limited Liability Company accumulated 22 shares or 0% of the stock. Quantum Mngmt has 25,322 shares for 0.11% of their US portfolio. Kanaly Trust has invested 0% of its portfolio in Unum Group (NYSE:UNM). Pinebridge Invs Lp accumulated 51,034 shares or 0.08% of the stock.

Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 3 sales for $2.36 million net activity. Arnold Timothy Gerald had sold 1,600 shares worth $59,179. WATJEN THOMAS R also sold $1.33M worth of Unum Group (NYSE:UNM) on Monday, August 1. Jerome Christopher J had sold 8,000 shares worth $331,930 on Monday, November 14. McGarry John F sold $698,681 worth of stock or 16,983 shares.

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.”

UNM Company Profile

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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