Analysis: Unum Group (NYSE:UNM) Stock Target Raised Today
In a very recent research note sent to clients and investors by Raymond James on 18 December, the firm, Unum Group (NYSE:UNM), had their TP cut to $39.00. Analusts right now have a solid Outperform rating on the stock.
From a total of 17 analysts covering Unum Group (NYSE:UNM) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $46 while the lowest target price is $32. The mean of all analyst targets is $38.88 with a 23.88% above today’s ($32.29) stock price. Unum Group was the topic of 3 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Bank of America downgraded shares on December 3 to “Neutral” rating. RBC Capital Markets maintained UNM stock in a recent report from July 30 with “Outperform” rating.
Approximately 1.70M shares of stock traded hands or 13.33% up from the average. Unum Group (NYSE:UNM) has declined 4.17% since May 15, 2015 and is downtrending. It has underperformed by 0.36% the S&P500.
The overall sentiment of institutions has decreased to 0.8 in Q2 2015. Its down 0.02, from 0.82 in 2015Q2. The ratio is negative, as 49 institutions have sold all the shares of Unum Group that they owned while 157 funds have taken shares off the table. 37 funds have purchased shares for the first time while 128 added to their positions. These institutions now hold 201.16 million shares or 9.42% less than the 222.09 million shares they owned in 2015Q2.
The Fund Donald Smith & Co. Inc. currently is holding shares equating to 5.6% of its total portfolio in Unum Group representing a total of 6.74 million shares. Another fund,Capital Returns Management Llc, is holding a total of 410,000 shares equating to 5.53% of their holdings. Additionally, Grace & White Inc Ny has a 596,601 share stake in Unum Group which represents 4.42% of their total portfolio. The Fund, Herring Creek Capital Management Llc, based out of Connecticut, has also built up a stake in the stock, which represents a total of 3.37% of their total portfolio. Finally Kelly Lawrence W & Associates Inc Ca, a fund which is based in the state of California reported a total holdings of 377,780 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 2, 2015, shareholders of Unum Group have witnessed 0 insider buys, and a total of 2 selling transactions equating to a net activity of approximately $1.66 million . Macmillan A S sold 6,318 shares worth approximately $224,499. Watjen Thomas R sold 40,000 shares worth approximately $1.44 million. Kinser Thomas sold 1,735 shares worth approximately $60,485. Arnold Timothy Gerald sold 2,300 shares worth approximately $79,810. The company insider Simonds Michael Q sold 2,057 shares worth $71,695.
Unum Group is a provider of disability insurance products in the United States and the United Kingdom. The company has a market cap of $8.23 billion. The Company’s business divisions: Unum US, Unum UK, Colonial Life, Closed Block and Corporate. It has 22.73 P/E ratio. Unum US includes group long-term and short-term disability insurance, group life and accidental death and dismemberment products, and supplemental and voluntary lines of business.
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.”