Unum Group (NYSE: UNM)’s stock price has soared by 0.33 in relation to previous closing price of 54.10. Nevertheless, the company has seen a gain of 2.13% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-02 that In the latest trading session, Unum (UNM) closed at $54.10, marking a +0.43% move from the previous day.
Is It Worth Investing in Unum Group (NYSE: UNM) Right Now?
Unum Group (NYSE: UNM) has a price-to-earnings ratio of 8.36x that is above its average ratio. Additionally, the 36-month beta value for UNM is 0.84. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 7 rating it as “hold,” and 3 rating it as “sell.”
The public float for UNM is 189.42M and currently, short sellers hold a 2.37% ratio of that float. The average trading volume of UNM on April 04, 2024 was 1.48M shares.
UNM’s Market Performance
The stock of Unum Group (UNM) has seen a 2.13% increase in the past week, with a 9.37% rise in the past month, and a 18.77% gain in the past quarter. The volatility ratio for the week is 1.04%, and the volatility levels for the past 30 days are at 1.50% for UNM. The simple moving average for the past 20 days is 4.09% for UNM’s stock, with a 13.79% simple moving average for the past 200 days.
Analysts’ Opinion of UNM
Many brokerage firms have already submitted their reports for UNM stocks, with JP Morgan repeating the rating for UNM by listing it as a “Overweight.” The predicted price for UNM in the upcoming period, according to JP Morgan is $55 based on the research report published on January 03, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see UNM reach a price target of $57. The rating they have provided for UNM stocks is “Overweight” according to the report published on April 25th, 2023.
Jefferies gave a rating of “Buy” to UNM, setting the target price at $50 in the report published on March 20th of the previous year.
UNM Trading at 9.05% from the 50-Day Moving Average
After a stumble in the market that brought UNM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.50% of loss for the given period.
Volatility was left at 1.50%, however, over the last 30 days, the volatility rate increased by 1.04%, as shares surge +7.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.31% upper at present.
During the last 5 trading sessions, UNM rose by +2.13%, which changed the moving average for the period of 200-days by +18.88% in comparison to the 20-day moving average, which settled at $52.33. In addition, Unum Group saw 20.04% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at UNM starting from Zabel Steven Andrew, who sale 10,000 shares at the price of $51.06 back on Mar 13 ’24. After this action, Zabel Steven Andrew now owns 122,246 shares of Unum Group, valued at $510,600 using the latest closing price.
IGLESIAS LISA G, the EVP, General Counsel of Unum Group, sale 16,000 shares at $50.00 during a trade that took place back on Mar 05 ’24, which means that IGLESIAS LISA G is holding 40,840 shares at $800,064 based on the most recent closing price.
Stock Fundamentals for UNM
Current profitability levels for the company are sitting at:
- 0.96 for the gross margin
The net margin for Unum Group stands at 0.1. Equity return is now at value 13.62, with 2.45 for asset returns.
Based on Unum Group (UNM), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at 0.35.
Currently, EBITDA for the company is 1.64 billion with net debt to EBITDA at 2.07. When we switch over and look at the enterprise to sales, we see a ratio of 1.1. The receivables turnover for the company is 1.16for trailing twelve months and the total asset turnover is 0.2.
Conclusion
In conclusion, Unum Group (UNM) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
