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

Unum Group (NYSE:UNM - Get Free Report) had its price objective hoisted by research analysts at Keefe, Bruyette & Woods from $88.00 to $90.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price objective points to a potential upside of 20.93% from the stock's previous close.

Other research analysts have also issued reports about the stock. BMO Capital Markets assumed coverage on shares of Unum Group in a research note on Thursday, January 23rd. They issued an "outperform" rating and a $91.00 price objective for the company. Wells Fargo & Company raised their price target on shares of Unum Group from $74.00 to $81.00 and gave the company an "overweight" rating in a report on Tuesday, January 14th. Barclays raised their price target on shares of Unum Group from $76.00 to $85.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Truist Financial raised 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. Finally, Piper Sandler raised their price target on shares of Unum Group from $82.00 to $87.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Unum Group has a consensus rating of "Moderate Buy" and a consensus target price of $80.33.

Unum Group Stock Performance

Unum Group stock traded down $1.02 during mid-day trading on Wednesday, reaching $74.42. The company's stock had a trading volume of 1,150,117 shares, compared to its average volume of 1,087,356. Unum Group has a 12-month low of $48.28 and a 12-month high of $79.43. The company has a market capitalization of $13.59 billion, a P/E ratio of 7.86, a PEG ratio of 1.17 and a beta of 0.80. 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 price is $74.18 and its two-hundred day moving average price is $66.08.

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

Insider Transactions at Unum Group

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 value of $769,200.00. Following the transaction, the executive vice president now owns 54,827 shares in the company, valued at $4,217,292.84. This trade represents a 15.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard P. Mckenney sold 58,865 shares of Unum Group stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $75.39, for a total transaction of $4,437,832.35. Following the completion of the transaction, the chief executive officer now owns 1,007,003 shares in the company, valued at approximately $75,917,956.17. The trade was a 5.52 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,865 shares of company stock valued at $6,315,082. Insiders own 0.93% of the company's stock.

Hedge Funds Weigh In On Unum Group

Large investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its position in Unum Group by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,500,508 shares of the financial services provider's stock worth $326,950,000 after purchasing an additional 55,014 shares during the period. Franklin Resources Inc. raised its position in 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 period. Blue Trust Inc. raised its position in Unum Group by 44.1% in the 4th quarter. Blue Trust Inc. now owns 16,495 shares of the financial services provider's stock worth $1,205,000 after purchasing an additional 5,047 shares during the period. Thrivent Financial for Lutherans raised its position in Unum Group by 89.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 111,831 shares of the financial services provider's stock worth $6,647,000 after purchasing an additional 52,813 shares during the period. Finally, Kovitz Investment Group Partners LLC purchased a new position in shares of Unum Group in the third quarter valued at about $1,074,000. 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.