Evercore Partners Lowers Unum Group to Equal Weight (UNM)

By admin | 6 years ago

Unum Group (NYSE: UNM) was downgraded by equities research analysts at Evercore Partners from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Thursday.

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Unum Group in a research note to investors on Thursday, May 3rd. They now have a $24.00 price target on the stock. Separately, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Unum Group from $25.00 to $28.00 in a research note to investors on Monday, April 2nd. They now have an “equal weight” rating on the stock. Finally, analysts at RBC Capital (NYSE: RY) upgraded shares of Unum Group from a “sector perform” rating to an “outperform” rating in a research note to investors on Friday, March 2nd.

Unum Group traded up 0.14% on Thursday, hitting $21.79. Unum Group has a 52-week low of $19.72 and a 52-week high of $26.96. The company has a market cap of $6.229 billion and a price-to-earnings ratio of 28.63.

Unum Group last posted its quarterly earnings results on Tuesday, May 1st. The company reported $0.73 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.76 by $0.03. Unum Group’s revenue was up 1.9% compared to the same quarter last year. Analysts expect that Unum Group will post $0.79 EPS next quarter.

Unum Group and its insurance and non-insurance subsidiaries, operate in the United States, the United Kingdom, and, to a limited extent, in certain other countries worldwide.

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