Unum Group (NYSE: UNM)’s stock price has decreased by -0.28 compared to its previous closing price of 56.40. However, the company has seen a 5.46% increase in its stock price over the last five trading sessions. zacks.com reported 2024-09-18 that The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here’s why you should take advantage.
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 8.26x. The 36-month beta value for UNM is also noteworthy at 0.75. 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.”
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The public float for UNM is 184.17M, and at present, short sellers hold a 2.11% of that float. The average trading volume of UNM on September 19, 2024 was 1.17M shares.
UNM’s Market Performance
UNM’s stock has seen a 5.46% increase for the week, with a 3.15% rise in the past month and a 13.85% gain in the past quarter. The volatility ratio for the week is 1.33%, and the volatility levels for the past 30 days are at 1.47% for Unum Group The simple moving average for the last 20 days is 2.70% for UNM stock, with a simple moving average of 11.20% for the last 200 days.
Analysts’ Opinion of UNM
Many brokerage firms have already submitted their reports for UNM stocks, with Barclays repeating the rating for UNM by listing it as a “Overweight.” The predicted price for UNM in the upcoming period, according to Barclays is $73 based on the research report published on September 05, 2024 of the current year 2024.
Piper Sandler, 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 July 11th, 2024.
JP Morgan gave a rating of “Overweight” to UNM, setting the target price at $55 in the report published on January 03rd of the current year.
UNM Trading at 4.06% 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 -3.32% of loss for the given period.
Volatility was left at 1.47%, however, over the last 30 days, the volatility rate increased by 1.33%, as shares surge +4.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.08% upper at present.
During the last 5 trading sessions, UNM rose by +5.46%, which changed the moving average for the period of 200-days by +30.79% in comparison to the 20-day moving average, which settled at $54.87. In addition, Unum Group saw 24.37% 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 McKenney Richard P, who sale 67,795 shares at the price of $54.98 back on Sep 05 ’24. After this action, McKenney Richard P now owns 1,065,868 shares of Unum Group, valued at $3,727,206 using the latest closing price.
McKenney Richard P, the Officer of Unum Group, proposed sale 67,795 shares at $55.57 during a trade that took place back on Sep 05 ’24, which means that McKenney Richard P is holding shares at $3,767,368 based on the most recent closing price.
Stock Fundamentals for UNM
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.96 for the gross margin
The net margin for Unum Group stands at 0.1. The total capital return value is set at 0.0. Equity return is now at value 13.37, with 2.49 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 0.4. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is 0.97.
Currently, EBITDA for the company is 1.64 billion with net debt to EBITDA at 5.97. When we switch over and look at the enterprise to sales, we see a ratio of 1.09. The receivables turnover for the company is 1.24for trailing twelve months and the total asset turnover is 0.24.
Conclusion
In summary, Unum Group (UNM) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
