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

Unum Group (NYSE:UNM - Get Free Report) had its price target upped by research analysts at JPMorgan Chase & Co. from $87.00 to $96.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 21.12% from the company's previous close.

UNM has been the topic of several other reports. Morgan Stanley raised their target price on shares of Unum Group from $76.00 to $83.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Wells Fargo & Company raised their target price 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. Piper Sandler raised their target price on shares of Unum Group from $88.00 to $92.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. UBS Group set a $89.00 price target on shares of Unum Group and gave the company a "neutral" rating in a report on Friday, May 23rd. Finally, Barclays set a $96.00 price target on shares of Unum Group and gave the company an "overweight" rating in a report on Monday. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $90.00.

Unum Group Stock Performance

NYSE:UNM traded down $1.68 during mid-day trading on Tuesday, reaching $79.26. 1,352,304 shares of the company's stock were exchanged, compared to its average volume of 1,332,777. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. Unum Group has a one year low of $50.70 and a one year high of $84.48. The firm has a market capitalization of $13.82 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 1.27 and a beta of 0.41. The business's fifty day simple moving average is $80.23 and its two-hundred day simple moving average is $77.80.

Unum Group (NYSE:UNM - Get Free Report) last released its earnings results on Tuesday, April 29th. The financial services provider reported $2.04 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.15). Unum Group had a net margin of 12.31% and a return on equity of 14.17%. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same period in the prior year, the business earned $2.12 earnings per share. Unum Group's quarterly revenue was down 3.4% compared to the same quarter last year. Analysts anticipate that Unum Group will post 9.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Elizabeth Claire Ahmed sold 10,000 shares of Unum Group stock in a transaction that occurred on Wednesday, May 7th. The shares were 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 in the company, valued at $4,093,600. This trade represents a 16.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.92% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Unum Group

Several hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp boosted its position in Unum Group by 4.0% during the 1st quarter. Fifth Third Bancorp now owns 3,558 shares of the financial services provider's stock worth $290,000 after buying an additional 136 shares during the period. Advisors Capital Management LLC lifted its position in shares of Unum Group by 2.2% in the 1st quarter. Advisors Capital Management LLC now owns 6,308 shares of the financial services provider's stock worth $514,000 after purchasing an additional 136 shares during the period. Bessemer Group Inc. lifted its position in shares of Unum Group by 2.2% in the 4th quarter. Bessemer Group Inc. now owns 6,536 shares of the financial services provider's stock worth $478,000 after purchasing an additional 143 shares during the period. Kovitz Investment Group Partners LLC lifted its position in shares of Unum Group by 0.8% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 18,211 shares of the financial services provider's stock worth $1,330,000 after purchasing an additional 147 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Unum Group by 14.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,465 shares of the financial services provider's stock worth $118,000 after purchasing an additional 183 shares during the period. 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.