Unum Group (NYSE:UNM) finished Friday with an addition of $0.65 to close at $49.25, an upside of 1.34 percent. An average of 833,540 shares of common stock have been traded in the last five days. There was a fall of -$1.07 in the past week, and it reached a new high 35 times over the past 12 months. The last 20 days have seen an average of 1,039,315 shares traded, while the 50-day average volume stands at 1,103,506.
UNM stock has increased by 3.79% in the last month. The company shares reached their 1-month lowest point of $46.90 on 07/14/23. With the stock rallying to its 52-week high on 08/04/23, shares of the company touched a low of $36.27 and a high of $51.15 in 52 weeks. It has reached a new high 23 times so far this year and achieved 20.03% or $8.22 in price. In spite of this, the price is down -3.71% from the 52-week high.
Insider Transactions
UNM stock investors should be aware that Unum Group (UNM) stock had its last reported insider trading activity 9 days ago on Aug 03. In this transaction, the insider spent $1,000,000. EVP, VB & President, Colonial, Arnold Timothy Gerald, disposed of 10,000 shares at a price of $45.00 on Jun 02. The insider now owns more than $450,000 worth of shares. Prior to that, EVP, VB & President, Colonial Arnold Timothy Gerald went on to Sale 5,000 shares at $44.49 each on May 31. An amount of $222,450 was transacted.
Valuation Metrics
Unum Group (UNM) has a trailing price-to-earnings (P/E) ratio of 6.83. The stock’s beta is 1.07. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.80, the price-to-book (PB) ratio at 1.06, and the price-to-cash flow ratio at 9.12.
The company has a payout ratio of 19.40%. The company’s most recent quarterly dividend payment was $0.3650 a share, representing a up of 10.61% from $0.33 last year. Its latest increase dividend $0.0350 reported on Friday July 14 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.37 and a total debt to equity ratio of 0.37 for the quarter ending June 29.
Earnings Surprise
For the three-month period that ended June 29, Unum Group had $3.43 billion in total debt. The company posted a net income of $392.9 million in the quarter, while revenues of $358.3 million were grew 5.73%. The analyst consensus anticipated Unum Group’s latest quarter earnings to come in at $1.86 per share, but it turned out to be $2.06, a 10.80% surprise. At the end of the quarter ending June 29, Unum Group’s stock balance sheet showed total debt was $3.51 billion. Shareholders own equity worth $195.62 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Unum Group (UNM) price momentum. RSI 9-day as of the close on 11 August was 52.68%, suggesting the stock is Neutral, with historical volatility in this time frame at 19.36%.
As of today, UNM’s price is $49.38 -2.13% or -$1.07 from its 5-day moving average. UNM is currently trading +4.19% higher than its 20-day SMA and +27.62% higher than its 100-day SMA. However, the stock’s current price level is +13.35% above the SMA50 and +11.58% above the SMA200.
The stochastic %K and %D were 34.03% and 43.02%, respectively, and the average true range (ATR) was 0.93. With the 14-day stochastic at 43.45% and the average true range at 0.91, the RSI (14) stands at 55.45%. The stock has reached -0.56 on the 9-day MACD Oscillator while the 14-day reading was at -0.30.
Analyst Ratings
Wells Fargo launched coverage on Unum Group (NYSE: UNM) in its analyst report released on April 25, 2023. The firm assigned the stock an Overweight rating. The consensus rating for Unum Group (UNM) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell UNM, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.
What is UNM’s price target for the next 12 months?
Analysts predict a range of price targets between $47.00 and $62.00, with a median target of $55.00. Taking a look at these predictions, the average price target given by analysts for Unum Group (UNM) stock is $54.69.
