Unum Group (NYSE:UNM) Price Target Raised to $90.00

Unum Group (NYSE:UNM) had its price objective increased by analysts at Keefe, Bruyette & Woods from $88.00 to $90.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 19.63% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. Evercore ISI raised Unum Group from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $67.00 to $84.00 in a research report on Thursday, November 14th. Piper Sandler lifted their target price on shares of Unum Group from $82.00 to $87.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Truist Financial increased their price target on shares of Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a report on Friday, November 1st. Jefferies Financial Group upped their price objective on Unum Group from $91.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $79.00 target price (up previously from $74.00) on shares of Unum Group in a report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $80.33.

Unum Group Price Performance

UNM stock opened at $75.24 on Wednesday. Unum Group has a 52 week low of $47.65 and a 52 week high of $79.43. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.29. The firm’s fifty day moving average is $74.21 and its 200 day moving average is $65.80. The firm has a market cap of $13.74 billion, a P/E ratio of 7.94, a P/E/G ratio of 1.17 and a beta of 0.80.

Unum Group (NYSE:UNM) last announced its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $2.03 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.11). Unum Group had a net margin of 13.81% and a return on equity of 14.91%. Research analysts predict that Unum Group will post 9.12 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Hanley Ronald P. O sold 14,299 shares of Unum Group stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $72.10, for a total value of $1,030,957.90. Following the sale, the director now directly owns 38,819 shares of the company’s stock, valued at $2,798,849.90. The trade was a 26.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Timothy Gerald Arnold sold 10,000 shares of Unum Group stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $76.92, for a total value of $769,200.00. Following the transaction, the executive vice president now owns 54,827 shares in the company, valued at approximately $4,217,292.84. The trade was a 15.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 98,164 shares of company stock worth $7,346,040 in the last 90 days. Insiders own 0.93% of the company’s stock.

Hedge Funds Weigh In On Unum Group

A number of hedge funds have recently made changes to their positions in UNM. Barrett & Company Inc. raised its holdings in shares of Unum Group by 300.0% in the 4th quarter. Barrett & Company Inc. now owns 396 shares of the financial services provider’s stock valued at $29,000 after buying an additional 297 shares during the period. Kestra Investment Management LLC acquired a new position in shares of Unum Group in the fourth quarter valued at approximately $38,000. Capital Performance Advisors LLP purchased a new position in Unum Group in the 3rd quarter valued at approximately $31,000. Millstone Evans Group LLC purchased a new stake in shares of Unum Group during the fourth quarter worth $45,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Unum Group in the third quarter valued at $37,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

About Unum Group

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.