Rating Flow: Is Unum (NYSE:UNM) a Sell? Compass Point Downgrades It

November 28, 2016 - By Hazel Jackson

Rating Flow: Is Unum (NYSE:UNM) a Sell? Compass Point Downgrades It

Unum (NYSE:UNM) Downgrade

Compass Point gave Unum (NYSE:UNM) shares a new Neutral rating in a an analyst note shared with investors and clients on Monday morning. This is decrease from the old Buy rating.

Unum Group (NYSE:UNM) Ratings Coverage

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 -13.23% below today’s ($42.26) stock price. Unum Group has been the topic of 15 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The rating was downgraded by Bank of America to “Underperform” on Wednesday, June 29. The firm has “Hold” rating by Deutsche Bank given on Friday, July 31. The firm earned “Outperform” rating on Thursday, July 30 by RBC Capital Markets. RBC Capital Markets maintained it with “Outperform” rating and $43 target price in Tuesday, November 15 report. RBC Capital Markets maintained the shares of UNM in a report on Thursday, April 28 with “Outperform” rating. The firm has “Neutral” rating given on Thursday, December 3 by Bank of America. The company was downgraded on Friday, July 15 by Goldman Sachs. The stock of Unum Group (NYSE:UNM) has “Outperform” rating given on Wednesday, February 3 by RBC Capital Markets. The firm has “Market Perform” rating by Wells Fargo given on Friday, September 23. The stock of Unum Group (NYSE:UNM) earned “Neutral” rating by Credit Suisse on Friday, October 7.

About 945,538 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 $224.43M for 10.89 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 2016 Q2. Its down 0.32, from 1.13 in 2016Q1. The ratio dropped, 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.

Raymond James And Associates accumulated 0.03% or 283,812 shares. Intrust National Bank Na, a Kansas-based fund reported 15,308 shares. Alliancebernstein Limited Partnership, a New York-based fund reported 460,930 shares. Peddock Capital Advisors Ltd Liability accumulated 0.67% or 32,826 shares. Millennium Management Ltd Com accumulated 0.02% or 336,563 shares. Delta Asset Ltd Llc Tn accumulated 0.05% or 9,735 shares. Baldwin Brothers Ma has 400 shares for 0% of their US portfolio. Wfg Advisors Ltd Partnership accumulated 0% or 8 shares. Invesco Limited holds 0.02% of its portfolio in Unum Group (NYSE:UNM) for 1.80 million shares. The Japan-based Sumitomo Mitsui Trust has invested 0.04% in Unum Group (NYSE:UNM). Cipher Cap L P reported 24,283 shares or 0.05% of all its holdings. Wellington Management Gp Llp holds 0.08% or 9.99 million shares in its portfolio. World Asset Mgmt accumulated 24,494 shares or 0.03% of the stock. Comml Bank Of Montreal Can last reported 0.06% of its portfolio in the stock. Princeton Alpha Mgmt Lp last reported 0.15% of its portfolio in the stock.

Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 3 sales for $2.36 million net activity. On Tuesday, May 31 Arnold Timothy Gerald sold $59,179 worth of the stock or 1,600 shares. WATJEN THOMAS R sold $1.33M worth of stock or 40,000 shares. The insider McGarry John F sold $698,681. Jerome Christopher J also sold $331,930 worth of Unum Group (NYSE:UNM) on Monday, November 14.

Unum Group is a provider of disability insurance products in the United States and the United Kingdom. The company has a market cap of $9.78 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 11.09 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.

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