JPMorgan Chase & Co. Cuts Unum Group (NYSE:UNM) Price Target to $98.00

Unum Group (NYSE:UNM) had its price objective trimmed by JPMorgan Chase & Co. from $101.00 to $98.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has a neutral rating on the financial services provider’s stock.

Other equities research analysts have also issued research reports about the stock. Zacks Research upgraded shares of Unum Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Wolfe Research dropped their price objective on shares of Unum Group from $102.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday, July 6th. Wells Fargo & Company lifted their price objective on shares of Unum Group from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Atlantic Securities set a $88.00 price objective on shares of Unum Group in a research note on Wednesday, July 15th. Finally, UBS Group set a $94.00 target price on Unum Group in a report on Tuesday, July 7th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $99.00.

Unum Group Price Performance

UNM opened at $88.97 on Monday. The company has a market capitalization of $14.09 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 0.96 and a beta of 0.26. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. Unum Group has a 12-month low of $68.28 and a 12-month high of $93.21. The business’s fifty day simple moving average is $88.50 and its 200-day simple moving average is $80.55.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share for the quarter, meeting the consensus estimate of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the company posted $1.92 earnings per share. The firm’s quarterly revenue was up .3% on a year-over-year basis. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. On average, equities research analysts anticipate that Unum Group will post 8.68 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 24th will be paid a $0.505 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 2.3%. This is a boost from Unum Group’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, July 24th. Unum Group’s dividend payout ratio (DPR) is 47.09%.

Hedge Funds Weigh In On Unum Group

Several hedge funds have recently modified their holdings of the stock. Prosperity Consulting Group LLC boosted its stake in shares of Unum Group by 1.6% in the first quarter. Prosperity Consulting Group LLC now owns 8,157 shares of the financial services provider’s stock worth $596,000 after buying an additional 128 shares during the last quarter. D.A. Davidson & CO. grew its holdings in Unum Group by 1.9% during the first quarter. D.A. Davidson & CO. now owns 7,922 shares of the financial services provider’s stock worth $579,000 after acquiring an additional 144 shares during the period. Smartleaf Asset Management LLC raised its position in Unum Group by 5.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,781 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 149 shares in the last quarter. Larson Financial Group LLC raised its position in Unum Group by 0.4% during the fourth quarter. Larson Financial Group LLC now owns 37,864 shares of the financial services provider’s stock valued at $2,934,000 after acquiring an additional 159 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its holdings in Unum Group by 3.0% in the first quarter. Arkadios Wealth Advisors now owns 5,459 shares of the financial services provider’s stock valued at $399,000 after acquiring an additional 159 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Company Profile

Unum Group (NYSE: UNM) is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.

In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.