Brokerages Set Unum Group (NYSE:UNM) Target Price at $57.38

Unum Group (NYSE:UNMGet Free Report) has earned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $57.38.

A number of analysts have issued reports on UNM shares. Morgan Stanley raised their price target on Unum Group from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Wells Fargo & Company raised their price target on Unum Group from $64.00 to $66.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Truist Financial raised their price target on Unum Group from $57.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Finally, JPMorgan Chase & Co. raised their price target on Unum Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd.

View Our Latest Stock Analysis on UNM

Insider Activity at Unum Group

In other Unum Group news, Director Timothy F. Keaney sold 8,000 shares of Unum Group 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 sale, the director now directly owns 37,505 shares in the company, valued at approximately $1,973,138.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Unum Group news, Director Timothy F. Keaney sold 8,000 shares of Unum Group 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 sale, the director now directly owns 37,505 shares in the company, valued at approximately $1,973,138.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher W. Pyne sold 4,500 shares of Unum Group 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 sale, the executive vice president now owns 56,262 shares in the company, valued at $2,952,067.14. The disclosure for this sale can be found here. Company insiders own 0.93% of the company’s stock.

Institutional Investors Weigh In On Unum Group

Institutional investors have recently made changes to their positions in the company. Boone Capital Management LLC increased its holdings in shares of Unum Group by 10.8% in the 4th quarter. Boone Capital Management LLC now owns 961,661 shares of the financial services provider’s stock valued at $43,486,000 after acquiring an additional 94,096 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Unum Group by 3.6% in the 4th quarter. Allianz Asset Management GmbH now owns 950,914 shares of the financial services provider’s stock valued at $43,000,000 after acquiring an additional 33,454 shares during the last quarter. First Trust Advisors LP boosted its position in Unum Group by 43.0% during the 4th quarter. First Trust Advisors LP now owns 973,480 shares of the financial services provider’s stock valued at $44,021,000 after purchasing an additional 292,917 shares during the period. Norges Bank acquired a new position in Unum Group during the 4th quarter valued at approximately $590,489,000. Finally, NewSquare Capital LLC boosted its position in Unum Group by 4.6% during the 4th quarter. NewSquare Capital LLC now owns 228,132 shares of the financial services provider’s stock valued at $10,177,000 after purchasing an additional 10,021 shares during the period. 86.57% of the stock is currently owned by institutional investors.

Unum Group Stock Up 0.4 %

UNM opened at $49.40 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.34. The firm has a market cap of $9.36 billion, a P/E ratio of 7.34, a PEG ratio of 1.03 and a beta of 0.83. Unum Group has a 52 week low of $41.75 and a 52 week high of $54.57. The business’s fifty day simple moving average is $51.65 and its 200 day simple moving average is $49.36.

Unum Group (NYSE:UNMGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.20 billion. Unum Group had a return on equity of 16.02% and a net margin of 10.52%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.87 earnings per share. As a group, equities research analysts anticipate that Unum Group will post 8.24 EPS for the current fiscal year.

Unum Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, April 26th were issued a dividend of $0.365 per share. The ex-dividend date was Thursday, April 25th. This represents a $1.46 annualized dividend and a dividend yield of 2.96%. Unum Group’s payout ratio is currently 21.69%.

About Unum Group

(Get Free Report

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.

Featured Stories

Analyst Recommendations for Unum Group (NYSE:UNM)

Receive News & Ratings for Unum Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unum Group and related companies with MarketBeat.com's FREE daily email newsletter.