Unum Group (NYSE:UNM) PT Raised to $63.00

Unum Group (NYSE:UNM) had its target price raised by research analysts at Jefferies Financial Group from $62.00 to $63.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 23.26% from the company’s current price.

A number of other analysts have also weighed in on UNM. Truist Financial upped their target price on shares of Unum Group from $57.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. JPMorgan Chase & Co. upped their price target on Unum Group from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Wells Fargo & Company upped their price target on Unum Group from $64.00 to $66.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Evercore ISI upped their price target on Unum Group from $56.00 to $58.00 and gave the company an “in-line” rating in a report on Wednesday. Finally, Morgan Stanley increased their price objective on Unum Group from $50.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $57.89.

Unum Group Stock Up 0.8 %

Shares of UNM opened at $51.11 on Friday. The firm has a market cap of $9.68 billion, a P/E ratio of 7.59, a price-to-earnings-growth ratio of 1.07 and a beta of 0.83. Unum Group has a 12-month low of $41.75 and a 12-month high of $54.57. The company’s 50-day moving average price is $51.66 and its 200 day moving average price is $49.72. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.34.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.20 billion. Unum Group had a net margin of 10.52% and a return on equity of 16.02%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.87 earnings per share. On average, sell-side analysts forecast that Unum Group will post 8.25 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Christopher W. Pyne sold 4,500 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $52.47, for a total value of $236,115.00. Following the completion of the transaction, the executive vice president now owns 56,262 shares in the company, valued at $2,952,067.14. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Christopher W. Pyne sold 4,500 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $52.47, for a total value of $236,115.00. Following the completion of the transaction, the executive vice president now owns 56,262 shares of the company’s stock, valued at approximately $2,952,067.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy F. Keaney sold 8,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $52.61, for a total transaction of $420,880.00. Following the completion of the transaction, the director now directly owns 37,505 shares of the company’s stock, valued at approximately $1,973,138.05. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by company insiders.

Institutional Trading of Unum Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UNM. GAMMA Investing LLC grew its holdings in shares of Unum Group by 7.1% during the 1st quarter. GAMMA Investing LLC now owns 3,071 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 204 shares during the period. Caprock Group LLC grew its holdings in shares of Unum Group by 3.0% during the 4th quarter. Caprock Group LLC now owns 8,004 shares of the financial services provider’s stock worth $362,000 after purchasing an additional 230 shares during the period. United Services Automobile Association grew its holdings in shares of Unum Group by 1.9% during the 3rd quarter. United Services Automobile Association now owns 12,530 shares of the financial services provider’s stock worth $616,000 after purchasing an additional 239 shares during the period. FinTrust Capital Advisors LLC grew its holdings in shares of Unum Group by 20.4% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,457 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 247 shares during the period. Finally, Bank of Nova Scotia grew its holdings in shares of Unum Group by 2.8% during the 4th quarter. Bank of Nova Scotia now owns 9,193 shares of the financial services provider’s stock worth $416,000 after purchasing an additional 249 shares during the period. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Unum Group Company Profile

Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, Poland, and internationally. It operates through Unum US, Unum International, Colonial Life, and Closed Block segment. 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.