Wells Fargo & Company Cuts Unum Group (NYSE:UNM) Price Target to $99.00

Key Points

• Wells Fargo cut its price target on Unum from $102 to $99 but maintained an "overweight" rating, implying roughly a 29.69% upside from the current share price.
• Analysts are mixed but the consensus is a Moderate Buy with an average target of $94.50, with individual targets ranging from about $80 to $115.
• Unum traded near $76.34 after reporting a quarterly EPS miss (1.92 vs. 2.11); management set FY2026 guidance of 8.60–8.90 EPS and analysts expect about 9.14 EPS, while insiders have recently sold shares.

Unum Group (NYSE:UNM - Get Free Report) had its price objective dropped by analysts at Wells Fargo & Company from $102.00 to $99.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the financial services provider's stock. Wells Fargo & Company's price target indicates a potential upside of 29.69% from the company's current price.

Several other analysts also recently issued reports on UNM. Zacks Research raised shares of Unum Group from a "strong sell" rating to a "hold" rating in a report on Monday. Jefferies Financial Group reissued a "buy" rating and issued a $115.00 price target on shares of Unum Group in a report on Monday, January 5th. Morgan Stanley reduced their price target on shares of Unum Group from $85.00 to $80.00 and set an "equal weight" rating for the company in a report on Tuesday, March 3rd. Wall Street Zen downgraded shares of Unum Group from a "hold" rating to a "sell" rating in a report on Saturday, March 7th. Finally, Keefe, Bruyette & Woods reissued a "moderate buy" rating and issued a $95.00 price target on shares of Unum Group in a report on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $94.50.

Unum Group Stock Performance

Shares of NYSE UNM traded down $0.30 during trading hours on Friday, hitting $76.34. 76,731 shares of the stock were exchanged, compared to its average volume of 1,625,478. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.37 and a quick ratio of 0.37. The company's 50 day moving average is $73.53 and its 200 day moving average is $75.66. The firm has a market capitalization of $12.50 billion, a P/E ratio of 17.96, a P/E/G ratio of 1.69 and a beta of 0.19. Unum Group has a one year low of $68.28 and a one year high of $83.13.

Unum Group (NYSE:UNM - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.19). The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.29 billion. Unum Group had a return on equity of 12.62% and a net margin of 5.65%.Unum Group's quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $2.03 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. On average, research analysts expect that Unum Group will post 9.14 EPS for the current year.

Insider Activity at Unum Group

In other Unum Group news, Director Timothy F. Keaney sold 4,500 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $72.58, for a total transaction of $326,610.00. Following the sale, the director owned 38,592 shares of the company's stock, valued at $2,801,007.36. This represents a 10.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher W. Pyne sold 4,852 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $72.47, for a total transaction of $351,624.44. Following the sale, the executive vice president directly owned 52,268 shares in the company, valued at approximately $3,787,861.96. This represents a 8.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 21,852 shares of company stock worth $1,590,734 in the last quarter. Insiders own 0.92% of the company's stock.

Institutional Investors Weigh In On Unum Group

Hedge funds have recently added to or reduced their stakes in the stock. Algebris UK Ltd. grew its holdings in Unum Group by 95.7% during the 3rd quarter. Algebris UK Ltd. now owns 389,463 shares of the financial services provider's stock worth $30,269,000 after acquiring an additional 190,454 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Unum Group by 53.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 69,128 shares of the financial services provider's stock worth $5,376,000 after acquiring an additional 24,101 shares during the last quarter. Swedbank AB bought a new position in Unum Group during the 3rd quarter worth approximately $14,644,000. Allianz Asset Management GmbH boosted its stake in Unum Group by 63.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 2,516,126 shares of the financial services provider's stock worth $195,704,000 after acquiring an additional 978,937 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in Unum Group by 4.0% during the 3rd quarter. First Trust Advisors LP now owns 5,734,937 shares of the financial services provider's stock worth $446,063,000 after acquiring an additional 223,095 shares during the last quarter. Institutional investors own 86.57% of the company's stock.

About Unum Group

Unum Group NYSE: UNM is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.

In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.

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