Unum Group (UNM) Reaches New 12-Month Low at $31.43

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Unum Group (NYSE:UNM)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $31.43 and last traded at $31.98, with a volume of 171063 shares. The stock had previously closed at $33.61.

UNM has been the topic of several recent research reports. TheStreet lowered Unum Group from a “b-” rating to a “c+” rating in a research report on Wednesday, October 24th. Zacks Investment Research raised Unum Group from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Friday, October 12th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $53.08.

The stock has a market cap of $7.09 billion, a PE ratio of 7.52, a P/E/G ratio of 0.69 and a beta of 1.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.18 and a quick ratio of 0.18.

Unum Group (NYSE:UNM) last announced its earnings results on Wednesday, October 24th. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.08. Unum Group had a return on equity of 12.06% and a net margin of 4.68%. The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.89 billion. On average, research analysts predict that Unum Group will post 5.22 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 16th. Shareholders of record on Monday, October 29th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Friday, October 26th. Unum Group’s payout ratio is 24.24%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Stratos Wealth Partners LTD. acquired a new position in shares of Unum Group in the 3rd quarter valued at approximately $117,000. Signaturefd LLC increased its holdings in shares of Unum Group by 95.1% in the 2nd quarter. Signaturefd LLC now owns 3,313 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 1,615 shares during the last quarter. Focused Wealth Management Inc increased its holdings in shares of Unum Group by 12,500.0% in the 2nd quarter. Focused Wealth Management Inc now owns 3,528 shares of the financial services provider’s stock valued at $131,000 after acquiring an additional 3,500 shares during the last quarter. Tuttle Tactical Management bought a new stake in shares of Unum Group in the 2nd quarter valued at approximately $166,000. Finally, Csenge Advisory Group bought a new stake in shares of Unum Group in the 3rd quarter valued at approximately $180,000. 90.38% of the stock is currently owned by institutional investors.

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Unum Group Company Profile (NYSE:UNM)

Unum Group, together with its subsidiaries, provides financial protection benefit solutions in the United States, the United Kingdom, and internationally. It operates through Unum US, Unum UK, Colonial Life, and Closed Block segments. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.

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