Wells Fargo & Company Issues Positive Forecast for Unum Group (NYSE:UNM) Stock Price

Unum Group (NYSE:UNM - Get Free Report) had its target price hoisted by stock analysts at Wells Fargo & Company from $97.00 to $105.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the financial services provider's stock. Wells Fargo & Company's price target would suggest a potential upside of 29.50% from the company's previous close.

UNM has been the topic of several other reports. Keefe, Bruyette & Woods lowered their price target on Unum Group from $103.00 to $102.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. BMO Capital Markets lifted their price target on Unum Group from $95.00 to $102.00 and gave the company an "outperform" rating in a research report on Monday, March 3rd. Morgan Stanley lifted their price target on Unum Group from $76.00 to $83.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Piper Sandler lifted their price target on Unum Group from $87.00 to $92.00 and gave the company an "overweight" rating in a research report on Wednesday, April 2nd. Finally, Wall Street Zen cut Unum Group from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Unum Group has a consensus rating of "Moderate Buy" and a consensus price target of $88.86.

Unum Group Stock Performance

UNM traded down $0.98 during trading hours on Tuesday, hitting $81.08. The company's stock had a trading volume of 427,243 shares, compared to its average volume of 1,329,946. Unum Group has a fifty-two week low of $49.63 and a fifty-two week high of $84.48. 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 firm has a market capitalization of $14.14 billion, a PE ratio of 9.55, a PEG ratio of 1.27 and a beta of 0.41. The company has a 50-day simple moving average of $79.93 and a 200 day simple moving average of $77.45.

Unum Group (NYSE:UNM - Get Free Report) last posted 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 business had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.34 billion. During the same quarter in the prior year, the business earned $2.12 earnings per share. The firm's revenue was down 3.4% compared to the same quarter last year. As a group, sell-side analysts expect that Unum Group will post 9.14 EPS for the current year.

Insider Transactions at Unum Group

In related news, EVP Elizabeth Claire Ahmed sold 10,000 shares of Unum Group stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $80.00, for a total transaction of $800,000.00. Following the completion of the sale, the executive vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.93% of the company's stock.

Institutional Trading of Unum Group

A number of institutional investors have recently bought and sold shares of UNM. Brighton Jones LLC acquired a new stake in Unum Group during the fourth quarter valued at $247,000. Oppenheimer & Co. Inc. lifted its position in shares of Unum Group by 37.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 20,711 shares of the financial services provider's stock worth $1,513,000 after buying an additional 5,623 shares during the last quarter. QRG Capital Management Inc. lifted its position in shares of Unum Group by 1.4% in the fourth quarter. QRG Capital Management Inc. now owns 13,336 shares of the financial services provider's stock worth $974,000 after buying an additional 189 shares during the last quarter. SVB Wealth LLC acquired a new stake in shares of Unum Group in the fourth quarter worth about $204,000. Finally, US Bancorp DE lifted its position in shares of Unum Group by 2.1% in the fourth quarter. US Bancorp DE now owns 95,156 shares of the financial services provider's stock worth $6,949,000 after buying an additional 1,936 shares during the last quarter. Institutional investors and hedge funds 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.