63.1 F
New York
Friday, October 23, 2020

Unum Group (NYSE:UNM) is Waving the Bear Flag

Must read

Dell Technologies Inc. (NYSE:DELL) Recent Earnings Shows Major Promise

Dell Technologies Inc. (DELL) shares are trading at higher $69.83 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

HSBC Holdings plc (NYSE:HSBC) Stock is Plummeting, Here is Why

HSBC Holdings plc (HSBC) shares are trading at lower $19.88 and the avg recommendation for the stock is Hold, while the current analyst price...

The Rejuvenation of NewAge Inc. (NASDAQ:NBEV)

NewAge Inc. (NBEV) shares are trading at higher $2.55 and the avg recommendation for the stock is Moderate Buy. To add more color to...

Renewed Optimism is Surrounding Edwards Lifesciences Corporation (NYSE:EW)

Edwards Lifesciences Corporation (EW) shares are trading at lower $83.61 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Unum Group (UNM) shares are trading at lower $18.54 and the avg recommendation for the stock is Hold, while the current analyst price target stands at $20.70.

To add more color to this target, the company’s high over the last year is $31.32 and the low is $9.58. Over the last 52 weeks, UNM is down -34.51% while the S&P 500 is up 18.31%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

UNM booked profit margins of 8.10%, its Return on Equity (ROE) is 9.70%, and its Return on Assets is 1.40%. All told, it is clear that, UNM needs to be on your watchlist.

Find out when UNM reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. UNM has a short ratio of 2.93 and outstanding shares of 203.62M.

Company Outlook

UNM has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 4.70. Investors should also keep an eye on sector updates as UNM has historically followed its peers on positive news.

All told, Unum Group UNM has strung together solid data and demonstrated underlying fundamentals. At its current valuation, UNM represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Unum Group UNM is now commanding a market cap of 3.83B and a float of 201.96M. UNM is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of UNM stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in UNM, either long or short, and we have not been compensated for this article.

Latest article

Is Now the Time to Invest in Sumo Logic Inc. (NASDAQ:SUMO)?

Sumo Logic Inc. (SUMO) shares are trading at lower $19.68 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Great Panther Mining Limited (AMEX:GPL) Stock is Soaring, Here is Why

Great Panther Mining Limited (GPL) shares are trading at higher $0.85 and the avg recommendation for the stock is Moderate Buy. To add more...

ANGI Homeservices Inc. (NASDAQ:ANGI) is Holding Steady

ANGI Homeservices Inc. (ANGI) shares are trading at lower $11.07 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Investor Confidence is Falling for Aytu BioScience Inc. (NASDAQ:AYTU)

Aytu BioScience Inc. (AYTU) shares are trading at lower $1.01 and the avg recommendation for the stock is Strong Buy. To add more color...

Helix Energy Solutions Group Inc. (NYSE:HLX) is Gaining Momentum on Earnings Catalyst

Helix Energy Solutions Group Inc. (HLX) shares are trading at lower $2.61 and the avg recommendation for the stock is Moderate Buy. To add...