Royal Bank Of Canada Reaffirms "Hold" Rating for Unum Group (UNM)

Xavier Trudeau
Août 13, 2017

United Capital Advisers Ltd invested in 36,565 shares or 0.02% of the stock. First Manhattan Co. boosted its position in Unum Group by 23.0% in the first quarter.

Municipal Employees Retirement System of MI decreased its stake in Unum Group (NYSE:UNM) by 7.0% during the second quarter, according to its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in UNM. Renaissance Technologies LLC acquired a new position in shares of Unum Group during the fourth quarter worth approximately $3,927,000. As of quarter end Investec Asset Management North America, Inc. had acquired a total of 1,848 shares growing its position 7.0%. Federated Investors Inc. PA now owns 4,348 shares of the financial services provider's stock worth $191,000 after buying an additional 4,346 shares during the last quarter. Honkamp Krueger Financial Services Inc. raised its stake in shares of Unum Group by 1.8% in the first quarter. Finally, Systematic Financial Management LP increased its position in Unum Group by 181.1% in the first quarter. Bank of Montreal Can now owns 3,594,160 shares of the financial services provider's stock worth $168,531,000 after buying an additional 974,090 shares during the period. Oakbrook Investments LLC boosted its stake in Unum Group by 67.5% in the first quarter.

Shares of Unum Group (NYSE UNM) traded down 0.48% on Wednesday, reaching $49.70.

The company's P/E ratio is 12.03 and the market cap of the company is 11.27B. Unum Group has a 12-month low of $33.65 and a 12-month high of $51.43. The company has a 50-day moving average price of $48.26 and a 200 day moving average price of $47.07.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. Unum Group had a net margin of 8.57% and a return on equity of 10.23%. During the same period in the previous year, the firm earned $1.00 earnings per share. Equities research analysts expect that Unum Group will post $4.17 EPS for the current fiscal year. This buyback authorization authorizes the financial services provider to buy up to 7.2% of its shares through open market purchases.

Unum Group announced that its board has authorized a stock buyback plan on Thursday, May 25th that authorizes the company to buyback $750.00 million in shares.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, July 31st will be issued a dividend of $0.23 per share. This is a boost from Unum Group's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, July 27th.

Since March 13, 2017, it had 0 insider buys, and 4 selling transactions for $1.50 million activity.

Mcclain Value Management Llc decreased Unum Group (UNM) stake by 59.29% reported in 2016Q4 SEC filing.

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Several research analysts have recently commented on UNM shares. BidaskClub upgraded shares of Unum Group from a "sell" rating to a "hold" rating in a research note on Wednesday, June 14th. Zacks Investment Research raised Unum Group from a "sell" rating to a "hold" rating and set a $56.00 target price for the company in a research note on Monday, July 31st. Royal Bank Of Canada reaffirmed a hold rating and set a $50.00 target price on shares of Unum Group in a report on Friday, April 28th. Deutsche Bank AG increased their price objective on shares of Unum Group from $46.00 to $48.00 and gave the stock a "hold" rating in a research note on Wednesday, April 19th.

Unum Group (NYSE:UNM) had its price objective increased by Barclays PLC from $56.00 to $57.00 in a research note published on Friday morning. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Unum Group has an average rating of "Hold" and a consensus price target of $46.67. Also, Director Gloria C. Larson sold 2,460 shares of the business's stock in a transaction dated Tuesday, August 1st.

Unum Group (NYSE:UNM) Director Pamela H. Godwin sold 2,500 shares of the business's stock in a transaction on Monday, August 7th. The shares were sold at an average price of $50.71, for a total transaction of $126,775.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Dimensional Fund Advisors LP now owns 3,288,709 shares of the financial services provider's stock valued at $153,356,000 after buying an additional 19,134 shares in the last quarter.

Unum Group is a provider of financial protection benefits in the United States and the United Kingdom. The Company's products include disability, life, accident, critical illness, dental and vision, and other related services.

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