Barclays Boosts Unum Group (NYSE:UNM) Price Target to $85.00

Unum Group (NYSE:UNM - Free Report) had its target price raised by Barclays from $76.00 to $85.00 in a research report report published on Monday,Benzinga reports. The firm currently has an overweight rating on the financial services provider's stock.

UNM has been the subject of several other reports. UBS Group raised shares of Unum Group to a "hold" rating in a research note on Wednesday, October 9th. Truist Financial lifted their price objective on Unum Group from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Morgan Stanley increased their target price on Unum Group from $62.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Wells Fargo & Company lifted their price target on Unum Group from $69.00 to $71.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. Finally, Piper Sandler upped their price objective on shares of Unum Group from $74.00 to $82.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $73.09.

Unum Group Price Performance

Shares of NYSE UNM traded up $0.10 during trading on Monday, reaching $73.20. The company had a trading volume of 1,075,347 shares, compared to its average volume of 1,125,216. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. Unum Group has a twelve month low of $44.83 and a twelve month high of $77.63. The stock has a 50-day moving average price of $72.27 and a two-hundred day moving average price of $61.56. The stock has a market capitalization of $13.37 billion, a PE ratio of 7.92, a price-to-earnings-growth ratio of 1.06 and a beta of 0.81.

Unum Group (NYSE:UNM - Get Free Report) last released its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.10 by $0.03. The company had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.26 billion. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The firm's quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.94 EPS. As a group, sell-side analysts predict that Unum Group will post 8.54 earnings per share for the current year.

Unum Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 25th were issued a $0.42 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.68 annualized dividend and a yield of 2.30%. Unum Group's dividend payout ratio is currently 18.18%.

Insiders Place Their Bets

In related news, EVP Timothy Gerald Arnold sold 10,000 shares of Unum Group 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 sale, the executive vice president now owns 54,827 shares of the company's stock, valued at $4,217,292.84. The trade was a 15.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the business's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $69.56, for a total transaction of $104,340.00. Following the completion of the transaction, the chief accounting officer now owns 8,361 shares in the company, valued at $581,591.16. This represents a 15.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 107,914 shares of company stock worth $7,998,745 over the last quarter. 0.93% of the stock is owned by corporate insiders.

Institutional Trading of Unum Group

Hedge funds and other institutional investors have recently modified their holdings of the business. ProShare Advisors LLC increased its holdings in Unum Group by 89.8% during the 2nd quarter. ProShare Advisors LLC now owns 1,207,756 shares of the financial services provider's stock worth $61,728,000 after purchasing an additional 571,436 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Unum Group by 62.9% during the 2nd quarter. Victory Capital Management Inc. now owns 1,119,870 shares of the financial services provider's stock valued at $57,237,000 after acquiring an additional 432,240 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Unum Group by 151.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 509,702 shares of the financial services provider's stock worth $30,297,000 after acquiring an additional 307,175 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Unum Group by 50.0% in the 3rd quarter. Franklin Resources Inc. now owns 469,342 shares of the financial services provider's stock worth $29,554,000 after purchasing an additional 156,380 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Unum Group by 106.4% in the 2nd quarter. Hsbc Holdings PLC now owns 233,881 shares of the financial services provider's stock worth $11,915,000 after purchasing an additional 120,559 shares during the last quarter. 86.57% of the stock is 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.