Jefferies Financial Group Boosts Unum Group (NYSE:UNM) Price Target to $63.00

Unum Group (NYSE:UNM - Get Free Report) had its price target upped by stock analysts at Jefferies Financial Group from $62.00 to $63.00 in a report released on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the financial services provider's stock. Jefferies Financial Group's target price points to a potential upside of 23.31% from the stock's current price.

Several other equities research analysts have also commented on UNM. Morgan Stanley boosted their price target on shares of Unum Group from $50.00 to $52.00 and gave the stock an "equal weight" rating in a report on Monday, April 15th. Truist Financial lifted 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. Evercore ISI lifted their target price on shares of Unum Group from $56.00 to $58.00 and gave the stock an "in-line" rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Unum Group from $56.00 to $58.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 2nd. Finally, Wells Fargo & Company lifted their target price on shares of Unum Group from $64.00 to $66.00 and gave the stock an "overweight" rating in a research note on Thursday, April 11th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $57.89.

Unum Group Stock Performance

Shares of NYSE:UNM traded up $0.38 during trading on Friday, hitting $51.09. 1,635,126 shares of the stock traded hands, compared to its average volume of 1,271,178. The company has a market cap of $9.68 billion, a price-to-earnings ratio of 7.59, a P/E/G ratio of 1.07 and a beta of 0.83. The company has a fifty day moving average price of $51.66 and a two-hundred day moving average price of $49.69. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.34. Unum Group has a 52-week low of $41.75 and a 52-week high of $54.57.

Unum Group (NYSE:UNM - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.97 by $0.15. The company had revenue of $3.20 billion during 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 firm's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.87 EPS. As a group, equities analysts predict that Unum Group will post 8.24 EPS for the current year.

Insider Activity at Unum Group

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

Hedge Funds Weigh In On Unum Group

A number of hedge funds have recently modified their holdings of UNM. GAMMA Investing LLC grew its position in Unum Group by 7.1% in the 1st quarter. GAMMA Investing LLC now owns 3,071 shares of the financial services provider's stock valued at $165,000 after buying an additional 204 shares during the last quarter. Caprock Group LLC grew its position in Unum Group by 3.0% in the 4th quarter. Caprock Group LLC now owns 8,004 shares of the financial services provider's stock valued at $362,000 after buying an additional 230 shares during the last quarter. United Services Automobile Association grew its position in Unum Group by 1.9% in the 3rd quarter. United Services Automobile Association now owns 12,530 shares of the financial services provider's stock valued at $616,000 after buying an additional 239 shares during the last quarter. FinTrust Capital Advisors LLC grew its position in Unum Group by 20.4% in the 1st quarter. FinTrust Capital Advisors LLC now owns 1,457 shares of the financial services provider's stock valued at $78,000 after buying an additional 247 shares during the last quarter. Finally, Bank of Nova Scotia grew its position in Unum Group by 2.8% in the 4th quarter. Bank of Nova Scotia now owns 9,193 shares of the financial services provider's stock valued at $416,000 after buying an additional 249 shares during the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

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.