Unum Group (NYSE:UNM) Stock Price Expected to Rise, Piper Sandler Analyst Says

Unum Group (NYSE:UNM - Get Free Report) had its price objective lifted by Piper Sandler from $88.00 to $92.00 in a report issued on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the financial services provider's stock. Piper Sandler's target price indicates a potential upside of 11.84% from the stock's previous close.

A number of other research analysts also recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Unum Group from $81.00 to $87.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods reduced 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 note on Wednesday, April 9th. 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 research note on Monday, May 19th. 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 lifted their price objective on Unum Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. Five investment 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.86.

Unum Group Stock Performance

Shares of NYSE UNM opened at $82.26 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. Unum Group has a one year low of $49.63 and a one year high of $84.48. The business's 50-day moving average price is $79.98 and its two-hundred day moving average price is $77.48. The company has a market capitalization of $14.34 billion, a P/E ratio of 9.68, a price-to-earnings-growth ratio of 1.29 and a beta of 0.41.

Unum Group (NYSE:UNM - Get Free Report) last released 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 firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.34 billion. Unum Group had a return on equity of 14.17% and a net margin of 12.31%. The company's quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.12 EPS. Analysts anticipate 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 firm's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $80.00, for a total transaction of $800,000.00. Following the completion of the transaction, the executive vice president owned 51,170 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this link. 0.92% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Unum Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vermillion & White Wealth Management Group LLC bought a new position in Unum Group in the first quarter valued at about $30,000. N.E.W. Advisory Services LLC acquired a new position in shares of Unum Group in the first quarter valued at approximately $35,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Unum Group by 196.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478 shares of the financial services provider's stock worth $39,000 after purchasing an additional 317 shares in the last quarter. Rossby Financial LCC acquired a new stake in Unum Group in the 1st quarter valued at approximately $46,000. Finally, Wayfinding Financial LLC bought a new stake in shares of Unum Group in the first quarter worth $49,000. 86.57% of the stock is owned by institutional investors and hedge funds.

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.

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