Unum Group (NYSE: UNM) has seen a rise in its stock price by 2.31 in relation to its previous close of 50.70. However, the company has experienced a -0.19% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-01 that Unum Group’s (UNM) Q1 results reflect higher premium income and solid performances across most of its segments, partially offset by weakness in the Closed Block and Corporate segments.
Is It Worth Investing in Unum Group (NYSE: UNM) Right Now?
The price-to-earnings ratio for Unum Group (NYSE: UNM) is above average at 7.99x, Company’s 36-month beta value is 0.85.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 7 as “hold,” and 3 as “sell.”
The public float for UNM is 189.42M, and currently, short sellers hold a 2.33% ratio of that floaft. The average trading volume of UNM on May 02, 2024 was 1.40M shares.
UNM’s Market Performance
UNM’s stock has seen a -0.19% decrease for the week, with a -4.12% drop in the past month and a 7.30% gain in the past quarter. The volatility ratio for the week is 1.54%, and the volatility levels for the past 30 days are at 1.60% for Unum Group The simple moving average for the past 20 days is 0.72% for UNM’s stock, with a 7.74% 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 1.06% 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 -4.95% of loss for the given period.
Volatility was left at 1.60%, however, over the last 30 days, the volatility rate increased by 1.54%, as shares sank -4.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.36% upper at present.
During the last 5 trading sessions, UNM fell by -0.19%, which changed the moving average for the period of 200-days by +6.97% in comparison to the 20-day moving average, which settled at $51.38. In addition, Unum Group saw 14.71% 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:
- 0.0 for the present operating margin
- 0.96 for the gross margin
The net margin for Unum Group stands at 0.11. The total capital return value is set at -0.09. 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 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.39. The debt to equity ratio resting at 0.34. The interest coverage ratio of the stock is 0.12.
Currently, EBITDA for the company is 1.64 billion with net debt to EBITDA at 2.17. When we switch over and look at the enterprise to sales, we see a ratio of 1.06.
Conclusion
In a nutshell, Unum Group (UNM) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
