Unum Group (NYSE:UNM) Given New $96.00 Price Target at JPMorgan Chase & Co.

Unum Group (NYSE:UNM - Get Free Report) had its price target raised by analysts at JPMorgan Chase & Co. from $87.00 to $96.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the financial services provider's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 20.00% from the company's previous close.

UNM has been the topic of a number of other reports. Piper Sandler increased their price objective on shares of Unum Group from $88.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, July 3rd. Wells Fargo & Company increased their price target on shares of Unum Group from $97.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. 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. Keefe, Bruyette & Woods lowered their price objective on shares of Unum Group from $103.00 to $102.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, UBS Group set a $89.00 target price on Unum Group and gave the company a "neutral" rating in a report on Friday, May 23rd. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Unum Group currently has an average rating of "Moderate Buy" and a consensus price target of $90.00.

Unum Group Price Performance

Shares of NYSE UNM traded down $0.47 during midday trading on Tuesday, reaching $80.00. The company's stock had a trading volume of 1,032,667 shares, compared to its average volume of 1,331,497. 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 company has a market cap of $13.95 billion, a P/E ratio of 9.42, a P/E/G ratio of 1.26 and a beta of 0.41. The business's 50 day moving average price is $80.29 and its two-hundred day moving average price is $77.90. Unum Group has a fifty-two week low of $51.55 and a fifty-two week high of $84.48.

Unum Group (NYSE:UNM - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $2.04 EPS for the quarter, missing analysts' consensus estimates of $2.19 by ($0.15). The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.34 billion. Unum Group had a return on equity of 14.17% and a net margin of 12.31%. Unum Group's revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the business earned $2.12 EPS. On average, analysts forecast 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 Unum Group stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $80.00, for a total transaction of $800,000.00. Following the sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.92% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP acquired a new position in Unum Group in the 4th quarter valued at approximately $240,000. Picton Mahoney Asset Management bought a new stake in shares of Unum Group in the fourth quarter worth $8,816,000. Asset Management One Co. Ltd. increased its holdings in Unum Group by 88.4% in the first quarter. Asset Management One Co. Ltd. now owns 17,302 shares of the financial services provider's stock valued at $1,409,000 after purchasing an additional 8,120 shares during the period. Zurich Insurance Group Ltd FI bought a new position in Unum Group during the 4th quarter worth $105,199,000. Finally, Allspring Global Investments Holdings LLC raised its position in Unum Group by 202.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 945,271 shares of the financial services provider's stock worth $77,512,000 after purchasing an additional 632,358 shares during the last quarter. Institutional investors own 86.57% of the company's stock.

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.