Unum Group (NYSE:UNM) PT Raised to $58.00 at JPMorgan Chase & Co.

Unum Group (NYSE:UNM - Get Free Report) had its price target raised by investment analysts at JPMorgan Chase & Co. from $56.00 to $58.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an "overweight" rating on the financial services provider's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 7.19% from the stock's current price.

UNM has been the topic of a number of other research reports. StockNews.com upgraded shares of Unum Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 31st. The Goldman Sachs Group boosted their price target on shares of Unum Group from $47.00 to $52.00 and gave the company a "neutral" rating in a report on Wednesday, January 31st. Finally, Wells Fargo & Company boosted their price target on shares of Unum Group from $61.00 to $64.00 and gave the company an "overweight" rating in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $56.25.

Unum Group Price Performance

Shares of NYSE:UNM traded up $0.24 during trading on Tuesday, reaching $54.11. The company had a trading volume of 1,133,737 shares, compared to its average volume of 1,475,585. The firm's fifty day moving average is $49.80 and its 200 day moving average is $47.33. The firm has a market capitalization of $10.36 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 0.79 and a beta of 0.87. Unum Group has a twelve month low of $38.34 and a twelve month high of $54.56. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.27 and a current ratio of 0.27.

Unum Group (NYSE:UNM - Get Free Report) last released its earnings results on Tuesday, January 30th. The financial services provider reported $1.79 EPS for the quarter, missing analysts' consensus estimates of $1.86 by ($0.07). Unum Group had a return on equity of 16.03% and a net margin of 10.36%. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the previous year, the firm earned $1.43 earnings per share. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities analysts forecast that Unum Group will post 8.18 EPS for the current year.

Insider Buying and Selling at Unum Group

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the completion of the sale, the executive vice president now directly owns 55,450 shares of the company's stock, valued at $2,772,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Unum Group news, CEO Richard P. Mckenney sold 50,000 shares of the business's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $49.15, for a total value of $2,457,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,076,753 shares of the company's stock, valued at $52,922,409.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. Following the completion of the sale, the executive vice president now directly owns 55,450 shares of the company's stock, valued at $2,772,500. The disclosure for this sale can be found here. In the last quarter, insiders have sold 81,000 shares of company stock worth $4,018,100. 0.77% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Unum Group

Several large investors have recently bought and sold shares of UNM. Raymond James Financial Services Advisors Inc. raised its stake in Unum Group by 4.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 61,304 shares of the financial services provider's stock valued at $1,932,000 after purchasing an additional 2,370 shares during the last quarter. Cetera Advisor Networks LLC raised its stake in shares of Unum Group by 33.2% in the 1st quarter. Cetera Advisor Networks LLC now owns 15,247 shares of the financial services provider's stock valued at $480,000 after buying an additional 3,799 shares in the last quarter. Natixis Advisors L.P. acquired a new position in shares of Unum Group in the 1st quarter valued at $348,000. Bank of Montreal Can raised its stake in shares of Unum Group by 61.5% in the 1st quarter. Bank of Montreal Can now owns 76,618 shares of the financial services provider's stock valued at $2,422,000 after buying an additional 29,166 shares in the last quarter. Finally, D.A. Davidson & CO. acquired a new position in shares of Unum Group in the 1st quarter valued at $227,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

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.