Unum Group [UNM] Stock trading around $28.27 per share: What’s Next?

Unum Group [NYSE: UNM] price plunged by -7.10 percent to reach at -$2.16. The company report on June 17, 2021 that Unum employees can flip savings into steady retirement income.

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Company is first to offer this unique, in-plan solution for employees after retirement.

Unum (NYSE: UNM) is offering its employees a new in-plan program to help make their retirement savings last. Provided through Fidelity Investments, the Managed Retirement Fund and Managed Cash Flow options are Unum’s latest addition to its portfolio of programs and resources to support the health and wellbeing of its employees.

A sum of 2557495 shares traded at recent session while its average daily volume was at 2.01M shares. Unum Group shares reached a high of $30.63 and dropped to a low of $28.18 until finishing in the latest session at $28.27.

The one-year UNM stock forecast points to a potential upside of 5.45. The average equity rating for UNM stock is currently 3.00, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Unum Group [UNM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for UNM shares is $29.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on UNM stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Evercore ISI have made an estimate for Unum Group shares, keeping their opinion on the stock as In-line, with their previous recommendation back on January 08, 2021. While these analysts kept the previous recommendation, Barclays raised their target price to Underweight. The new note on the price target was released on November 17, 2020, representing the official price target for Unum Group stock. On March 11, 2020, analysts decreased their price target for UNM shares from 19 to 18.

The Average True Range (ATR) for Unum Group is set at 0.92, with the Price to Sales ratio for UNM stock in the period of the last 12 months amounting to 0.43. The Price to Book ratio for the last quarter was 0.55, with the Price to Cash per share for the same quarter was set at 2.76.

UNM Stock Performance Analysis:

Unum Group [UNM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.76. With this latest performance, UNM shares dropped by -7.58% in over the last four-week period, additionally plugging by 24.32% over the last 6 months – not to mention a rise of 66.10% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for UNM stock in for the last two-week period is set at 34.29, with the RSI for the last a single of trading hit 25.13, and the three-weeks RSI is set at 40.50 for Unum Group [UNM]. The present Moving Average for the last 50 days of trading for this stock 29.73, while it was recorded at 29.93 for the last single week of trading, and 24.40 for the last 200 days.

Insight into Unum Group Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Unum Group [UNM] shares currently have an operating margin of +8.85. Unum Group’s Net Margin is presently recorded at +6.02.

Return on Total Capital for UNM is now 8.40, given the latest momentum, and Return on Invested Capital for the company is 5.81. Return on Equity for this stock inclined to 7.61, with Return on Assets sitting at 1.28. When it comes to the capital structure of this company, Unum Group [UNM] has a Total Debt to Total Equity ratio set at 31.75. Additionally, UNM Total Debt to Total Capital is recorded at 24.10, with Total Debt to Total Assets ending up at 5.69. Long-Term Debt to Equity for the company is recorded at 31.52, with the Long-Term Debt to Total Capital now at 23.92.

Reflecting on the efficiency of the workforce at the company, Unum Group [UNM] managed to generate an average of $74,112 per employee.

UNM Stock EPS

With the latest financial reports released by the company, Unum Group posted 1.23/share EPS, while the average EPS was predicted by analysts to be reported at 1.2/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 2.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for UNM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Unum Group go to 2.97%.

Unum Group [UNM] Insider Position Details

There are presently around $4,788 million, or 86.60% of UNM stock, in the hands of institutional investors. The top three institutional holders of UNM stocks are: VANGUARD GROUP INC with ownership of 25,358,507, which is approximately 1.196% of the company’s market cap and around 1.10% of the total institutional ownership; FMR LLC, holding 17,535,738 shares of the stock with an approximate value of $495.74 million in UNM stocks shares; and BLACKROCK INC., currently with $491.49 million in UNM stock with ownership of nearly 7.534% of the company’s market capitalization.

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Positions in Unum Group stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 229 institutional holders increased their position in Unum Group [NYSE:UNM] by around 14,148,548 shares. Additionally, 208 investors decreased positions by around 17,326,439 shares, while 72 investors held positions by with 137,879,991 shares. The mentioned changes placed institutional holdings at 169,354,978 shares, according to the latest SEC report filing. UNM stock had 72 new institutional investments in for a total of 2,752,797 shares, while 54 institutional investors sold positions of 1,262,577 shares during the same period.

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