The stock of Unum Group (NYSE:UNM) increased by $0.19 on Friday to finish at $48.98, up 0.39 percent. The last five days have seen an average of 719,000 shares of common stock traded. 23 times new highs were reached in the current year, with a gain of $7.95. The average number of shares traded over the last 20 days was 980,015, while the average volume over the last 50 days totaled 1,041,868.
UNM stock appreciated 0.55% since last month. On 08/01/23, the company’s shares reached a one-month low of $47.79. The stock touched a high of $51.15 on 08/04/23, after rallying from a low of $36.27 in 52 weeks. The price of UNM stock has risen by 19.38% or $7.95 this year, reaching a new high 23 times. Still, the stock price is down -4.24% 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 13 days ago on Aug 15. On Aug 15, EVP, Group Benefits Pyne Christopher W sold 3,750 shares at $49.02 each. This transaction resulted in the insider making $183,844. On Aug 03, Arnold Timothy Gerald sold 20,000 shares at a price of US$50.00. After the transaction, the insider now owns 72,061 shares. EVP, VB & President, Colonial Arnold Timothy Gerald had earlier sold 10,000 shares on Jun 02 for $45.00 a share. The transaction was completed for $450,000.
Valuation Metrics
Unum Group (UNM) has a trailing price-to-earnings (P/E) ratio of 6.80. Beta for the stock is 1.06. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.79, the price-to-book (PB) ratio of 1.04, and the price-to-cash flow ratio of 9.70.
Company paid $0.3650 per share in dividends, an increase of 10.61% from $0.33 last year. A $0.0350 dividend increase was reported on Friday July 14 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.37, and the total debt to equity ratio is 0.37. Unum Group’s operating margin stood at 16.60% for the same period.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. UNM’s return on assets (ROA) during the last 12 months has been 2.30%. There was a 12.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 16.10%.
Earnings Surprise
According to Unum Group’s quarterly financial report for the quarter that ended June 29. Net income for the quarter came in at $3.11 billion, while revenues rose by 2.29% to $3.04 billion. It was predicted that Unum Group’s quarterly earnings would be $2.06, but it ended up being $1.86, beating the consensus by 10.80%. At the end of Unum Group’s most recent quarter ended June 29, its total debt was $3.51 billion. Equity owned by shareholders amounts to $195.62 million.
Technical Picture
Here’s a quick look at Unum Group’s (UNM) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 51.51%, suggesting the stock is Neutral, with a 11.38% historical volatility rate.
The stochastic %K and %D were 31.01% and 19.22% respectively, while the average true range (ATR) was 0.80. Based on the 14-day stochastic reading of 50.49%, the RSI (14) reading is 52.51%. On the 9-day MACD Oscillator, the stock is at -0.07, and the 14-day reading is at -0.20.
Analyst Ratings
In its analyst report released on April 25, 2023, Wells Fargo began covering Unum Group (NYSE: UNM). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned Unum Group (UNM) an Overweight rating. UNM is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 6 others recommend it as a buy.
What is UNM’s price target for the next 12 months?
The current consensus forecast for the stock is between $47.00 and $63.00, with a median target price of $55.00. In analyzing these forecasts, the average price target given by analysts for Unum Group (UNM) is $54.92.
