Unum Group (NYSE:UNM) Coverage Initiated by Analysts at Credit Suisse Group

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Credit Suisse Group assumed coverage on shares of Unum Group (NYSE:UNM) in a research report sent to investors on Wednesday, Benzinga reports. The brokerage issued an underperform rating on the financial services provider’s stock.

Other research analysts also recently issued reports about the company. ValuEngine upgraded Yirendai from a strong sell rating to a sell rating in a report on Friday, May 3rd. TheStreet downgraded Zumiez from a b rating to a c+ rating in a report on Thursday, June 6th. Finally, Zacks Investment Research upgraded Icon from a hold rating to a buy rating and set a $157.00 price target for the company in a report on Thursday, May 30th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Unum Group currently has an average rating of Hold and a consensus price target of $40.00.

UNM stock opened at $33.08 on Wednesday. Unum Group has a 1 year low of $26.76 and a 1 year high of $41.28. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average of $33.24. The stock has a market cap of $7.01 billion, a price-to-earnings ratio of 6.36, a P/E/G ratio of 0.67 and a beta of 1.50.

Unum Group (NYSE:UNM) last posted its earnings results on Tuesday, April 30th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.31. Unum Group had a return on equity of 12.91% and a net margin of 4.54%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the company earned $1.24 EPS. Unum Group’s revenue was up 3.0% on a year-over-year basis. On average, analysts anticipate that Unum Group will post 5.43 EPS for the current year.

In other Unum Group news, Director Gloria C. Larson sold 1,602 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $33.55, for a total value of $53,747.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.49% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Trexquant Investment LP raised its holdings in Unum Group by 203.8% in the 1st quarter. Trexquant Investment LP now owns 86,600 shares of the financial services provider’s stock valued at $2,930,000 after acquiring an additional 58,091 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Unum Group during the 1st quarter worth $688,000. Everence Capital Management Inc. acquired a new stake in shares of Unum Group during the 1st quarter worth $472,000. Swiss National Bank increased its holdings in shares of Unum Group by 3.4% during the 1st quarter. Swiss National Bank now owns 729,867 shares of the financial services provider’s stock worth $24,691,000 after buying an additional 23,800 shares during the last quarter. Finally, Twin Capital Management Inc. increased its holdings in shares of Unum Group by 6.0% during the 1st quarter. Twin Capital Management Inc. now owns 30,350 shares of the financial services provider’s stock worth $1,027,000 after buying an additional 1,730 shares during the last quarter. Institutional investors own 91.35% of the company’s stock.

About Unum Group

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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