Unum Group (NYSE:UNM) Price Target Raised to $81.00

Key Points

• Morgan Stanley raised the target price for Unum Group from $79.00 to $81.00, indicating a potential upside of 3.23% from its current price.
• Unum Group reported $2.07 EPS for the last quarter, missing estimates by $0.16, despite a 4.0% increase in revenue compared to the previous year.
• Analysts have a consensus rating of "Moderate Buy" for Unum Group, with an average price target of $91.29.

Unum Group (NYSE:UNM - Get Free Report) had its target price raised by equities researchers at Morgan Stanley from $79.00 to $81.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the financial services provider's stock. Morgan Stanley's price objective suggests a potential upside of 3.23% from the company's current price.

Several other analysts have also recently issued reports on the company. Barclays set a $96.00 target price on Unum Group and gave the stock an "overweight" rating in a research report on Monday, July 7th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Unum Group in a report on Saturday, September 27th. Evercore ISI lowered their target price on shares of Unum Group from $100.00 to $96.00 and set an "outperform" rating on the stock in a report on Wednesday, July 30th. Wells Fargo & Company cut their target price on shares of Unum Group from $105.00 to $100.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Finally, UBS Group set a $87.00 price target on shares of Unum Group and gave the company a "neutral" rating in a report on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $91.29.

Unum Group Price Performance

Shares of UNM traded down $0.18 during mid-day trading on Tuesday, reaching $78.46. The stock had a trading volume of 124,537 shares, compared to its average volume of 1,423,052. The business has a fifty day moving average of $72.95 and a 200 day moving average of $77.14. 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 $13.36 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 1.34 and a beta of 0.36. Unum Group has a 12 month low of $60.39 and a 12 month high of $84.48.

Unum Group (NYSE:UNM - Get Free Report) last released its 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). Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The firm had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.35 billion. During the same quarter last year, the firm posted $2.16 EPS. The firm's quarterly revenue was up 4.0% compared to the same quarter last year. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Equities analysts predict that Unum Group will post 9.14 EPS for the current year.

Institutional Trading of Unum Group

A number of large investors have recently made changes to their positions in UNM. Fifth Third Bancorp increased its stake in shares of Unum Group by 4.0% during the first quarter. Fifth Third Bancorp now owns 3,558 shares of the financial services provider's stock valued at $290,000 after buying an additional 136 shares during the period. Advisors Capital Management LLC grew its holdings in Unum Group by 2.2% during the 1st quarter. Advisors Capital Management LLC now owns 6,308 shares of the financial services provider's stock worth $514,000 after acquiring an additional 136 shares in the last quarter. NDVR Inc. increased its position in Unum Group by 3.3% during the 2nd quarter. NDVR Inc. now owns 4,526 shares of the financial services provider's stock valued at $366,000 after purchasing an additional 145 shares during the period. Waterfront Wealth Inc. increased its position in Unum Group by 0.5% during the 2nd quarter. Waterfront Wealth Inc. now owns 29,350 shares of the financial services provider's stock valued at $2,370,000 after purchasing an additional 158 shares during the period. Finally, Ritholtz Wealth Management raised its holdings in shares of Unum Group by 0.4% in the 2nd quarter. Ritholtz Wealth Management now owns 42,327 shares of the financial services provider's stock valued at $3,418,000 after purchasing an additional 160 shares in the last quarter. 86.57% of the stock is currently 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.

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