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”.
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.
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.
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.