Unum Group (NYSE:UNM) Price Target Raised to $81.00 at Wells Fargo & Company

Unum Group (NYSE:UNM) had its target price increased by equities research analysts at Wells Fargo & Company from $74.00 to $81.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 11.79% from the company’s current price.

Several other analysts have also recently issued reports on UNM. Truist Financial upped their price objective on Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Piper Sandler raised their price target on Unum Group from $74.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. UBS Group upgraded Unum Group to a “hold” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $79.00 price target (up from $74.00) on shares of Unum Group in a research report on Tuesday, January 7th. Finally, Evercore ISI upgraded Unum Group from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $67.00 to $84.00 in a research report on Thursday, November 14th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $75.45.

Unum Group Price Performance

NYSE UNM traded up $0.58 during trading hours on Tuesday, reaching $72.46. The company’s stock had a trading volume of 173,194 shares, compared to its average volume of 1,077,331. The firm’s 50-day moving average price is $73.16 and its 200-day moving average price is $62.33. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32. Unum Group has a 1 year low of $44.83 and a 1 year high of $77.63. The company has a market capitalization of $13.23 billion, a price-to-earnings ratio of 7.84, a PEG ratio of 1.06 and a beta of 0.81.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.03. The business had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.94 EPS. On average, equities research analysts predict that Unum Group will post 8.54 EPS for the current fiscal year.

Insider Activity

In related news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $64.16, for a total transaction of $320,800.00. Following the sale, the executive vice president now owns 58,741 shares of the company’s stock, valued at $3,768,822.56. This trade represents a 7.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $69.56, for a total value of $104,340.00. Following the sale, the chief accounting officer now directly owns 8,361 shares in the company, valued at approximately $581,591.16. The trade was a 15.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 107,914 shares of company stock worth $7,998,745. Company insiders own 0.93% of the company’s stock.

Institutional Investors Weigh In On Unum Group

Institutional investors have recently added to or reduced their stakes in the business. Capital Performance Advisors LLP acquired a new stake in Unum Group in the third quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Unum Group in the third quarter worth about $37,000. V Square Quantitative Management LLC boosted its holdings in Unum Group by 38.2% in the third quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 194 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Unum Group by 26.4% in the fourth quarter. Versant Capital Management Inc now owns 766 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 160 shares in the last quarter. Finally, William B. Walkup & Associates Inc. acquired a new stake in shares of Unum Group during the second quarter worth about $44,000. Institutional investors and hedge funds 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.