Unum Group (NYSE:UNM) PT Set at $87.00 by UBS Group

Key Points

• UBS Group has reduced its price target for Unum Group from $91 to $87, maintaining a "neutral" rating on the stock, which suggests a potential upside of 19.14% from its previous close.
• Unum Group's stock dropped $7.95 to $73.03 on Wednesday, with the company recently reporting earnings per share of $2.07, missing the consensus estimate by $0.16.
• Research analysts have given varying ratings for Unum Group, with five holding, eight buying, and one strong buy rating, leading to an average rating of "Moderate Buy" with a price target of $92.54.

Unum Group (NYSE:UNM - Get Free Report) has been assigned a $87.00 target price by analysts at UBS Group in a research note issued on Wednesday, Marketbeat Ratings reports. The firm currently has a "neutral" rating on the financial services provider's stock. UBS Group's price target points to a potential upside of 25.59% from the company's previous close.

UNM has been the topic of several other research reports. Morgan Stanley boosted their price target on shares of Unum Group from $83.00 to $85.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. raised their target price on Unum Group from $87.00 to $96.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Evercore ISI reduced their price objective on shares of Unum Group from $100.00 to $96.00 and set an "outperform" rating for the company in a research note on Wednesday. Wells Fargo & Company raised their price target on shares of Unum Group from $97.00 to $105.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Finally, Barclays set a $96.00 price target on shares of Unum Group and gave the stock an "overweight" rating in a report on Monday, July 7th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $91.62.

Unum Group Stock Performance

Shares of NYSE:UNM traded down $2.54 during midday trading on Wednesday, reaching $69.27. The company had a trading volume of 773,879 shares, compared to its average volume of 1,426,690. The stock has a market cap of $12.08 billion, a P/E ratio of 8.31, a P/E/G ratio of 1.18 and a beta of 0.41. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. Unum Group has a 52-week low of $51.80 and a 52-week high of $84.48. The company's 50 day moving average price is $79.91 and its 200 day moving average price is $78.49.

Unum Group (NYSE:UNM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.07 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.16). The firm had revenue of $3.36 billion during the quarter, compared to analysts' expectations of $3.35 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. Unum Group's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.16 EPS. As a group, sell-side analysts anticipate that Unum Group will post 9.14 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $80.00, for a total value of $800,000.00. Following the completion of the sale, the executive vice president directly owned 51,170 shares in the company, valued at approximately $4,093,600. The trade was a 16.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.92% of the stock is owned by insiders.

Institutional Investors Weigh In On Unum Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. bought a new stake in shares of Unum Group in the second quarter worth about $28,000. Vermillion & White Wealth Management Group LLC bought a new position in Unum Group during the 1st quarter valued at approximately $30,000. Atwood & Palmer Inc. lifted its holdings in Unum Group by 100.0% in the 2nd quarter. Atwood & Palmer Inc. now owns 400 shares of the financial services provider's stock worth $32,000 after buying an additional 200 shares during the period. N.E.W. Advisory Services LLC bought a new stake in shares of Unum Group in the 1st quarter worth approximately $35,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Unum Group by 196.9% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 317 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors.

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.