Home Analyst Ratings Evercore ISI Group raises Unum ’s rating to In-Line and price target...

Evercore ISI Group raises Unum [UNM]’s rating to In-Line and price target to $25

Evercore ISI Group took its Unum [UNM] rating to the equivalent of In-Line from Underperform, and the price target to $25.0 from $18, in a research note dated 2021-01-08. That figure represents around a 6.27% premium from where the company’s shares closed on Thursday. Meanwhile, Credit Suisse had raised its rating on UNM to “Neutral” from the earlier “an Underperform”, in a research note produced for clients March 11, 2020. In addition, Credit Suisse launched coverage on July 10, 2019. The research firm rated UNM “an Underperform”.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Is Unum Group [NYSE:UNM] a Good Buy Right Now?

It should be noted that UNM technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 80% Buy in the last week and compares with 100% Buy in the past month. Data from Unum Group’s Trend Spotter indicated that the signals were Strengthening. The stock current average is 2.42 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 2.64 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 2.37 million shares.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

UNM Price Performance

On Wall Street, Unum Group [NYSE:UNM] finished Thursday’s session down -0.93% at $23.52. The stock went up to $24.10 at the same session while its lowest single day price was $23.51. In the last five days, it saw a rise of about 4.81%, Unum Group shares gained by almost 2.53% since the beginning of the year. However, the share price has dropped to as low as -23.06% below its one year high. On 01/07/21, the company shares recorded $24.10, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $21.87. The company’s shares have declined by -18.64% in the past year. The 50-day SMA achieved is $21.57 while the 200-day SMA is $18.12. Volume dropped to 2.22 million from 3.26 million in the previous session.

Unum Group [UNM] Valuation Measures

Notably, Unum Group [UNM] stock can be classified as a good candidate in the listing of underestimated low-priced Insurance – Life companies to purchase soonest possible with the prevailing 12-month PE ratio of 5.04. The measure means the stock is exchanging at a discount as compared to the 13.51x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 0.39 PS value ratio is reported for the last one year of reported earnings. That is lower than the industry average of 1.07 which means UNM serve an attractive investment opportunity compared to its competitors.

UNM Stock Support And Resistance Levels

On the 24-hour scale, the immediate backing is perceived around 23.32 level, and in case of violation of this particular level, it will cause more drop to 23.12 level. On the upper level, 24.30 is still the key resistance. The stock may increase to the subsequent resistance at 23.91. The Relative Strength Index (RSI) pinned on the 14-day chart is 60.01, implying a neutral technical stance while the MACD stands at 0.92, meaning price will decrease in the next trading period. Percent R indicator moved to 17.47%, implying bullish price movement. Stochastic %K at 72.70% suggest selling the stock.

What is the short interest in Unum Group?

Short interest in the Unum Group stock has surged, increasing by 0.46 million shares to total 6.25 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 6.71 million, data from Yahoo Finance shows. The decrease of -7.36% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 3.52% of the overall float for the stock.

Unum Group’s Biggest Shareholders: Who Owns Unum Group [UNM]?

Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 24,210,936 shares or roughly 11.89% of the outstanding UNM shares. This means their shares have reduced by -988,135 from the 24,210,936 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Fidelity Management & Research Co updated stake is worth $406,402,302. Details in the latest 13F filings reveal that BlackRock Fund Advisors disposed off their -2.22% stake valued at $299,012,240 while SSgA Funds Management, Inc. cut theirs at $202,058,185. During the last quarter, BlackRock Fund Advisors liquidated -305,157 of its shares in Unum Group while SSgA Funds Management, Inc. sold -258,169 shares. The Dimensional Fund Advisors LP’s holdings currently number 7,042,005 shares at $165627957.6. According to the firm’s last 13F report, Donald Smith & Co., Inc. shares in the company at filing stood at 6,010,562 shares, roughly $133,614,793.

UNM Earnings Forecast For The Current Quarter

Unum Group [UNM] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $2.98B and an earnings per share of $1.2 for Dec 2020. Looking further ahead, the company is expected to report revenue of $2.98B at an EPS of $1.2 for Mar 2021. The estimates represent downside of -1.10% and 2.60% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

UNM Earnings Estimates For The Current Year

For the financial year, Unum Group [NYSE:UNM] is expected to bring in revenue of $11.94B. The returns are nearly $-80.0 million lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 4.99, lower than that of FY19 by -$0.45. Estimates put this year’s earnings growth at -8.30%, 2.20% for the next, and at an annual 3.81% over the next 5-year period. As for sales, forecasts are for a decrease of -0.70% in the current fiscal year and a further -1.10% over the following year.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Why Iconix Brand Group Inc (ICON) stock turnaround in the after-hours on Thursday?

Iconix Brand Group Inc (ICON) shares started the Thursday, June 17, 2021, trading be losing 1.87% and close the normal trading session at $3.14...

ISun Inc. (ISUN) stock surged during current market trading. Here’s the update

ISun Inc. (NASDAQ: ISUN) stock gained by 19.51% in the current market trading. iSun, based in Burlington, Vermont, is a company built on ideals...

The Trade Desk Inc. (TTD) stock plunged during pre-market. Here’s to know why?

The Trade Desk Inc. (NASDAQ: TTD) stock gained by 0.76% at last close whereas the TTD stock price declines by 90.03% in the pre-market...

Synaptogenix Inc. (SNPX) stock soars during after-hour trading. Why so?

Synaptogenix Inc. (NASDAQ: SNPX) stock gained by 6.33% at last close while the SNPX stock price rises further by 13.48% in the after-hours trading...

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Anpac Bio-Medical Science Inc. (ANPC) stock soars during pre-market trading. Here’s the update

Anpac Bio-Medical Science Inc. (NASDAQ: ANPC) stock gained by 0.46% at last close while the ANPC stock price surged by 22.40% in the pre-market...

VivoPower International Inc. (VVPR) stock soars during pre-market trading. What’s driving it high?

VivoPower International Inc. (NASDAQ: VVPR) stock gained by 1.13% at last close while the VVPR stock price surged during pre-market trading by 1.54%. VivoPower...

Related News

Ocugen Inc. (NASDAQ:OCGN) stock plunged in the premarket trading session; here’s why

At last check Ocugen Inc. (OCGN) stock had plunged by-11.92% to $9.61 in premarket trading session. OCGN stock previously closed at $10.91 losing -12.79%....

KeyBanc reiterates Magna International [MGA] rating to Overweight and sets new price target at $86

KeyBanc maintained its Magna International rating to the equivalent of Overweight but changed the price target to $86.0 from $72, in a research...

Jefferies upgrades Medifast [MED] to Buy rating with a $265 price target

Jefferies took its Medifast rating to the equivalent of Buy from Hold, and the price target to $265.0 from $205, in a research...

American Eagle Outfitters [AEO] Upgraded to Outperform at RBC Capital

RBC Capital took its American Eagle Outfitters rating to the equivalent of Outperform from Sector Perform, and the price target to $30.0 from...

KeyBanc reiterates Nike [NKE] rating to Overweight and sets new price target at $180

KeyBanc maintained its Nike rating to the equivalent of Overweight but changed the price target to $180.0 from $174, in a research note...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam