Brokerages Set Unum Group (NYSE:UNM) Price Target at $76.75

Unum Group (NYSE:UNM) has been given a consensus rating of “Moderate Buy” by the twelve brokerages that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $79.00.

A number of brokerages recently issued reports on UNM. Piper Sandler increased their target price on shares of Unum Group from $74.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Jefferies Financial Group boosted their target price on Unum Group from $91.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Wells Fargo & Company raised their price target on Unum Group from $74.00 to $81.00 and gave the company an “overweight” rating in a report on Tuesday, January 14th. BMO Capital Markets assumed coverage on Unum Group in a research note on Thursday, January 23rd. They issued an “outperform” rating and a $91.00 price objective on the stock. Finally, Bank of America increased their target price on Unum Group from $54.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th.

Unum Group Stock Down 1.0 %

Shares of UNM opened at $76.25 on Friday. Unum Group has a 12 month low of $46.39 and a 12 month high of $77.69. The stock has a market cap of $13.92 billion, a price-to-earnings ratio of 8.25, a P/E/G ratio of 1.09 and a beta of 0.81. The company has a 50-day moving average price of $74.23 and a two-hundred day moving average price of $64.52. 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 (NYSE:UNM) last released 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. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The firm had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same period in the prior year, the company posted $1.94 earnings per share. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts predict that Unum Group will post 8.54 EPS for the current fiscal year.

Unum Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 24th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.68 dividend on an annualized basis and a yield of 2.20%. Unum Group’s payout ratio is presently 18.18%.

Insider Buying and Selling

In related news, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $69.56, for a total value of $104,340.00. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $76.92, for a total transaction of $769,200.00. Following the completion of the sale, the executive vice president now directly owns 54,827 shares in the company, valued at $4,217,292.84. This represents a 15.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,914 shares of company stock valued at $7,677,945 over the last three months. Company insiders own 0.93% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in UNM. Convergence Investment Partners LLC grew its position in shares of Unum Group by 10.3% in the 4th quarter. Convergence Investment Partners LLC now owns 17,737 shares of the financial services provider’s stock valued at $1,295,000 after acquiring an additional 1,661 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Unum Group during the fourth quarter worth approximately $675,000. Kestra Investment Management LLC bought a new stake in Unum Group in the fourth quarter valued at approximately $38,000. Atria Wealth Solutions Inc. bought a new stake in Unum Group in the fourth quarter valued at approximately $230,000. Finally, Venturi Wealth Management LLC lifted its position in shares of Unum Group by 30.0% in the fourth quarter. Venturi Wealth Management LLC now owns 1,206 shares of the financial services provider’s stock valued at $88,000 after buying an additional 278 shares during the last quarter. 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.