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

Key Points

• Wells Fargo raised its price target on Unum to $100 (from $99) and kept an "overweight" rating, implying roughly a 24% upside from the current share price.
• Unum beat estimates with quarterly EPS of $2.14 (vs. $2.07) and revenue of $3.36B (vs. $2.91B), and issued FY2026 guidance of $8.60–$8.90 EPS (analysts expect $8.72).
• Insiders have sold about 33,852 shares (~$2.55M) in the last 90 days, while institutional ownership is high at 86.57%, including a new Norges Bank position valued at roughly $1.11B.

Unum Group (NYSE:UNM - Get Free Report) had its target price lifted by investment analysts at Wells Fargo & Company from $99.00 to $100.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the financial services provider's stock. Wells Fargo & Company's target price points to a potential upside of 24.02% from the company's current price.

Other research analysts have also recently issued research reports about the company. Wall Street Zen raised Unum Group from a "sell" rating to a "hold" rating in a research report on Saturday, April 11th. Zacks Research raised Unum Group from a "strong sell" rating to a "hold" rating in a research report on Monday, April 6th. Jefferies Financial Group reiterated a "buy" rating and issued a $115.00 price objective on shares of Unum Group in a research note on Monday, January 5th. Barclays reiterated an "overweight" rating on shares of Unum Group in a research note on Friday, February 6th. Finally, UBS Group increased their price objective on shares of Unum Group from $81.00 to $85.00 and gave the company a "neutral" rating in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.25.

Unum Group Trading Up 0.5%

UNM traded up $0.39 during trading on Tuesday, hitting $80.63. The company's stock had a trading volume of 56,114 shares, compared to its average volume of 1,583,421. Unum Group has a twelve month low of $68.28 and a twelve month high of $83.13. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.35. The stock's fifty day moving average price is $74.95 and its 200-day moving average price is $75.74. The firm has a market capitalization of $12.98 billion, a P/E ratio of 17.57, a PEG ratio of 0.82 and a beta of 0.24.

Unum Group (NYSE:UNM - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $2.14 EPS for the quarter, beating the consensus estimate of $2.07 by $0.07. The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $2.91 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.86%.The company's quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.04 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. Analysts anticipate that Unum Group will post 8.72 EPS for the current year.

Insider Activity at Unum Group

In other news, Director Cynthia Egan sold 9,000 shares of the business's stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $73.00, for a total transaction of $657,000.00. Following the completion of the transaction, the director owned 42,846 shares of the company's stock, valued at approximately $3,127,758. The trade was a 17.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Elizabeth Claire Ahmed sold 12,000 shares of the business's stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $80.14, for a total value of $961,680.00. Following the transaction, the executive vice president directly owned 42,587 shares of the company's stock, valued at $3,412,922.18. The trade was a 21.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,852 shares of company stock valued at $2,552,414 in the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank bought a new position in shares of Unum Group during the fourth quarter valued at about $1,108,919,000. First Trust Advisors LP grew its stake in shares of Unum Group by 4.0% during the third quarter. First Trust Advisors LP now owns 5,734,937 shares of the financial services provider's stock valued at $446,063,000 after buying an additional 223,095 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Unum Group by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,653,246 shares of the financial services provider's stock valued at $438,127,000 after buying an additional 26,753 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Unum Group by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,791,712 shares of the financial services provider's stock valued at $293,868,000 after buying an additional 13,832 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of Unum Group by 63.7% during the third quarter. Allianz Asset Management GmbH now owns 2,516,126 shares of the financial services provider's stock valued at $195,704,000 after buying an additional 978,937 shares during the last quarter. 86.57% of the stock is owned by institutional investors.

Unum Group Company Profile

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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