Unum Group (NYSE:UNM) dropped 5.4% during mid-day trading on Thursday . The company traded as low as $36.88 and last traded at $36.91. Approximately 2,964,012 shares were traded during trading, an increase of 52% from the average daily volume of 1,955,286 shares. The stock had previously closed at $39.00.

UNM has been the subject of a number of research reports. Zacks Investment Research raised shares of Unum Group from a “sell” rating to a “hold” rating in a report on Thursday, June 21st. Barclays dropped their target price on shares of Unum Group from $65.00 to $55.00 and set an “overweight” rating for the company in a report on Monday, July 9th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $52.69.

The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $8.54 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 0.85 and a beta of 1.36.

Unum Group (NYSE:UNM) last announced its earnings results on Monday, July 30th. The financial services provider reported $1.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.03. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.90 billion. Unum Group had a net margin of 9.42% and a return on equity of 11.19%. Unum Group’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.05 earnings per share. On average, analysts predict that Unum Group will post 5.11 earnings per share for the current fiscal year.

In other news, EVP Breege A. Farrell sold 7,500 shares of the stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $40.66, for a total transaction of $304,950.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vident Investment Advisory LLC raised its holdings in Unum Group by 3.1% in the second quarter. Vident Investment Advisory LLC now owns 64,390 shares of the financial services provider’s stock valued at $2,381,000 after acquiring an additional 1,910 shares in the last quarter. Strs Ohio increased its position in Unum Group by 1,086.6% during the second quarter. Strs Ohio now owns 374,366 shares of the financial services provider’s stock worth $13,847,000 after buying an additional 342,817 shares during the last quarter. Worldquant Millennium Quantitative Strategies LLC acquired a new position in Unum Group during the second quarter worth approximately $1,643,000. NumerixS Investment Technologies Inc acquired a new position in Unum Group during the second quarter worth approximately $364,000. Finally, AGF Investments Inc. increased its position in Unum Group by 5.9% during the second quarter. AGF Investments Inc. now owns 1,348,876 shares of the financial services provider’s stock worth $49,895,000 after buying an additional 75,311 shares during the last quarter. 91.19% of the stock is currently owned by institutional investors and hedge funds.

Unum Group Company Profile (NYSE:UNM)

Unum Group, together with its subsidiaries, provides financial protection benefit solutions in the United States, the United Kingdom, and internationally. It operates through Unum US, Unum UK, Colonial Life, and Closed Block segments. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.

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