Unum Group's (UNM) Outperform Rating Reaffirmed at Keefe, Bruyette & Woods

Key Points

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Unum Group (NYSE:UNM - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities research analysts at Keefe, Bruyette & Woods in a research note issued on Thursday,Benzinga reports. They currently have a $95.00 target price on the financial services provider's stock, down from their prior target price of $100.00. Keefe, Bruyette & Woods' price target would suggest a potential upside of 36.30% from the stock's previous close.

UNM has been the subject of several other research reports. Piper Sandler increased their price objective on shares of Unum Group from $88.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. Barclays set a $96.00 price objective on shares of Unum Group and gave the company an "overweight" rating in a research note on Monday, July 7th. UBS Group set a $87.00 price objective on shares of Unum Group and gave the company a "neutral" rating in a research note on Wednesday. Evercore ISI dropped 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. Finally, Morgan Stanley increased their price objective on shares of Unum Group from $83.00 to $85.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Unum Group has an average rating of "Moderate Buy" and an average price target of $91.62.

Unum Group Price Performance

Shares of Unum Group stock traded down $2.11 on Thursday, reaching $69.70. 2,986,743 shares of the stock were exchanged, compared to its average volume of 1,486,174. The firm's 50 day moving average is $79.71 and its 200-day moving average is $78.47. Unum Group has a one year low of $51.80 and a one year high of $84.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market cap of $11.87 billion, a PE ratio of 8.34, a P/E/G ratio of 1.16 and a beta of 0.40.

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

Insider Buying and Selling at Unum Group

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the firm's stock in a transaction 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 transaction, the executive vice president directly owned 51,170 shares of the company's stock, valued at approximately $4,093,600. This trade represents a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.92% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in UNM. Petra Financial Advisors Inc. lifted its position in shares of Unum Group by 198.8% during the second quarter. Petra Financial Advisors Inc. now owns 9,716 shares of the financial services provider's stock valued at $785,000 after purchasing an additional 6,464 shares in the last quarter. GWN Securities Inc. lifted its position in shares of Unum Group by 96.6% during the second quarter. GWN Securities Inc. now owns 5,820 shares of the financial services provider's stock valued at $472,000 after purchasing an additional 2,860 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Unum Group by 2.6% during the second quarter. Teacher Retirement System of Texas now owns 120,492 shares of the financial services provider's stock valued at $9,731,000 after purchasing an additional 3,020 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its position in shares of Unum Group by 394.3% during the second quarter. Y Intercept Hong Kong Ltd now owns 24,729 shares of the financial services provider's stock valued at $1,997,000 after purchasing an additional 19,726 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of Unum Group by 128.0% during the second quarter. Bessemer Group Inc. now owns 15,374 shares of the financial services provider's stock valued at $1,242,000 after purchasing an additional 8,630 shares in the last quarter. 86.57% of the stock is owned by institutional investors.

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.