Unum Group's (UNM) "Neutral" Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of Unum Group (NYSE:UNM - Free Report) in a report issued on Tuesday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has a $79.00 price target on the financial services provider's stock, up from their prior price target of $74.00.

Other analysts also recently issued research reports about the stock. Jefferies Financial Group upped their price target on shares of Unum Group from $91.00 to $96.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Wells Fargo & Company upped their target price on Unum Group from $69.00 to $71.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. 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. Truist Financial upped 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. Finally, UBS Group upgraded Unum Group to a "hold" rating in a research report on Wednesday, October 9th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $74.55.

Unum Group Price Performance

Shares of UNM traded up $0.09 on Tuesday, reaching $73.36. The stock had a trading volume of 1,085,307 shares, compared to its average volume of 1,115,252. The firm has a 50-day moving average of $72.50 and a 200 day moving average of $61.72. The firm has a market capitalization of $13.40 billion, a PE ratio of 7.94, a PEG ratio of 1.06 and a beta of 0.81. Unum Group has a twelve month low of $44.83 and a twelve month high of $77.63. 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share for the quarter, beating analysts' consensus estimates of $2.10 by $0.03. The business had revenue of $3.22 billion during 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 business's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted $1.94 earnings per share. Sell-side analysts expect that Unum Group will post 8.54 EPS for the current year.

Unum Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.68 annualized dividend and a dividend yield of 2.29%. Unum Group's payout ratio is currently 18.18%.

Insider Activity at Unum Group

In other Unum Group news, CEO Richard P. Mckenney sold 58,865 shares of Unum Group stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $75.39, for a total transaction of $4,437,832.35. Following the transaction, the chief executive officer now directly owns 1,007,003 shares of the company's stock, valued at $75,917,956.17. The trade was a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The stock was 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 approximately $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. Over the last three months, insiders sold 107,914 shares of company stock worth $7,998,745. 0.93% of the stock is owned by company insiders.

Hedge Funds Weigh In On Unum Group

Several hedge funds and other institutional investors have recently made changes to their positions in UNM. CoreCap Advisors LLC acquired a new position in shares of Unum Group during the second quarter worth about $2,007,000. Artemis Investment Management LLP lifted its position in Unum Group by 11.9% during the 3rd quarter. Artemis Investment Management LLP now owns 232,751 shares of the financial services provider's stock worth $13,835,000 after acquiring an additional 24,664 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings 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 acquiring an additional 55,014 shares during the period. Franklin Resources Inc. grew its position in Unum Group by 50.0% in the third quarter. Franklin Resources Inc. now owns 469,342 shares of the financial services provider's stock valued at $29,554,000 after acquiring an additional 156,380 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in Unum Group by 89.5% in the third quarter. Thrivent Financial for Lutherans now owns 111,831 shares of the financial services provider's stock valued at $6,647,000 after acquiring an additional 52,813 shares in the last quarter. Institutional investors and hedge funds 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.