November 28, 2016 - By Clifton Ray
FBR & Co. currently has a $40.00 price target on the $9.76 billion market cap company or -5.30% downside potential. In a note sent to clients and investors on Monday, 28 November, Unum Group (NYSE:UNM) stock had its Underperform Rating reiterated by equity analysts at FBR & Co..
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 -13.10% below today’s ($42.2) stock price. Unum Group has been the topic of 15 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Goldman Sachs downgraded it to “Sell” rating and $30 target price in Friday, July 15 report. The stock has “Underperform” rating given by Bank of America on Wednesday, June 29. RBC Capital Markets maintained Unum Group (NYSE:UNM) rating on Thursday, April 28. RBC Capital Markets has “Outperform” rating and $39 price target. Credit Suisse initiated the shares of UNM in a report on Friday, October 7 with “Neutral” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, February 3 report. The firm earned “Hold” rating on Friday, July 31 by Deutsche Bank. Wells Fargo initiated the shares of UNM in a report on Friday, September 23 with “Market Perform” rating. RBC Capital Markets maintained Unum Group (NYSE:UNM) rating on Thursday, July 30. RBC Capital Markets has “Outperform” rating and $41 price target. The rating was downgraded by Bank of America to “Neutral” on Thursday, December 3. RBC Capital Markets maintained Unum Group (NYSE:UNM) rating on Tuesday, November 15. RBC Capital Markets has “Outperform” rating and $43 price target.
About 1.03M 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 $224.34M for 10.88 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 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.
Ledyard Bancorporation holds 0% of its portfolio in Unum Group (NYSE:UNM) for 706 shares. The Germany-based Dekabank Deutsche Girozentrale has invested 0.3% in Unum Group (NYSE:UNM). Winslow Evans & Crocker, a Massachusetts-based fund reported 758 shares. Advantus Cap Management holds 0.02% or 22,883 shares in its portfolio. Louisiana State Employees Retirement has 0.03% invested in the company for 15,600 shares. South Dakota Inv Council accumulated 0.09% or 134,100 shares. Bridgewater Associates L P holds 52,300 shares or 0.02% of its portfolio. Moreover, Lingohr & Partner Asset Management Gmbh has 0.68% invested in Unum Group (NYSE:UNM) for 21,100 shares. Franklin Resource Inc accumulated 0% or 59,782 shares. Moreover, Credit Agricole S A has 0.02% invested in Unum Group (NYSE:UNM) for 165,127 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt owns 19,037 shares or 0.01% of their US portfolio. Apg Asset Nv holds 0.01% or 203,309 shares in its portfolio. Daiwa Sb accumulated 0.02% or 1,670 shares. Thrivent Fincl For Lutherans has 0% invested in the company for 21,654 shares. Jacobs Levy Equity Mngmt has 84,830 shares for 0.06% of their US portfolio.
Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 3 insider sales for $2.36 million net activity. $1.33 million worth of Unum Group (NYSE:UNM) was sold by WATJEN THOMAS R on Monday, August 1. Arnold Timothy Gerald had sold 1,600 shares worth $59,179 on Tuesday, May 31. Jerome Christopher J sold $331,930 worth of stock. McGarry John F sold 16,983 shares worth $698,681.
Unum Group is a provider of disability insurance products in the United States and the United Kingdom. The company has a market cap of $9.76 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 11.07 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.
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By Clifton Ray