JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Unum Group (NYSE:UNM) Stock

Unum Group (NYSE:UNM - Get Free Report) had its price target upped by equities researchers at JPMorgan Chase & Co. from $87.00 to $96.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the financial services provider's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 19.37% from the company's current price.

Other research analysts also recently issued research reports about the company. Barclays set a $96.00 price target on Unum Group and gave the company an "overweight" rating in a report on Monday. UBS Group set a $89.00 price target on Unum Group and gave the company a "neutral" rating in a report on Friday, May 23rd. Keefe, Bruyette & Woods reduced their price target on Unum Group from $103.00 to $102.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Piper Sandler increased their price target on Unum Group from $88.00 to $92.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Finally, Morgan Stanley increased their price target on Unum Group from $76.00 to $83.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $90.00.

Unum Group Trading Up 1.5%

NYSE:UNM traded up $1.15 on Tuesday, hitting $80.42. 1,074,261 shares of the stock were exchanged, compared to its average volume of 1,331,747. The stock has a market cap of $14.02 billion, a PE ratio of 9.47, a PEG ratio of 1.27 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. The stock has a fifty day moving average of $80.23 and a 200-day moving average of $77.80. Unum Group has a fifty-two week low of $50.70 and a fifty-two week high of $84.48.

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

Insiders Place Their Bets

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $80.00, for a total value of $800,000.00. Following the sale, the executive vice president directly owned 51,170 shares of the company's stock, valued at $4,093,600. This trade represents a 16.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.92% of the stock is owned by corporate insiders.

Institutional Trading of Unum Group

Several large investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its position in Unum Group by 4.0% in the 1st quarter. Fifth Third Bancorp now owns 3,558 shares of the financial services provider's stock valued at $290,000 after acquiring an additional 136 shares during the period. Advisors Capital Management LLC increased its position in 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 valued at $514,000 after acquiring an additional 136 shares during the period. Bessemer Group Inc. increased its position in Unum Group by 2.2% in the 4th quarter. Bessemer Group Inc. now owns 6,536 shares of the financial services provider's stock valued at $478,000 after acquiring an additional 143 shares during the period. Kovitz Investment Group Partners LLC increased its position in 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 valued at $1,330,000 after acquiring an additional 147 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in 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 valued at $118,000 after acquiring 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.