Unum Group (NYSE:UNM) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Unum Group (NYSE:UNM) had its price target boosted by Jefferies Financial Group from $91.00 to $96.00 in a report published on Tuesday,Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

UNM has been the topic of a number of other reports. Truist Financial boosted their price objective on Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Piper Sandler restated an “overweight” rating and set a $66.00 price target (up from $64.00) on shares of Unum Group in a research note on Friday, September 27th. Wells Fargo & Company lifted their price objective on shares of Unum Group from $69.00 to $71.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. UBS Group upgraded Unum Group to a “hold” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. reduced their price target on Unum Group from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.64.

Unum Group Stock Down 1.6 %

UNM opened at $72.84 on Tuesday. Unum Group has a twelve month low of $43.04 and a twelve month high of $77.63. The company’s 50-day moving average price is $68.23 and its two-hundred day moving average price is $58.66. The stock has a market cap of $13.30 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 1.07 and a beta of 0.79. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32.

Unum Group (NYSE:UNM) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.10 by $0.03. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The business had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the prior year, the business earned $1.94 earnings per share. Unum Group’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, equities analysts expect that Unum Group will post 8.53 earnings per share for the current year.

Unum Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Friday, October 25th. Unum Group’s payout ratio is 18.18%.

Insider Buying and Selling

In other news, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $69.56, for a total transaction of $104,340.00. Following the transaction, the chief accounting officer now directly owns 8,361 shares in the company, valued at approximately $581,591.16. This represents a 15.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $64.16, for a total value of $320,800.00. Following the transaction, the executive vice president now directly owns 58,741 shares in the company, valued at approximately $3,768,822.56. This represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 107,914 shares of company stock worth $7,998,745. Insiders own 0.93% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. DGS Capital Management LLC boosted its stake in shares of Unum Group by 4.6% in the 3rd quarter. DGS Capital Management LLC now owns 36,962 shares of the financial services provider’s stock valued at $2,197,000 after purchasing an additional 1,611 shares in the last quarter. Franklin Resources Inc. boosted its position in Unum Group by 50.0% during the third quarter. Franklin Resources Inc. now owns 469,342 shares of the financial services provider’s stock valued at $29,554,000 after buying an additional 156,380 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Unum Group during the third quarter valued at about $58,000. Coldstream Capital Management Inc. grew its stake in shares of Unum Group by 10.6% during the third quarter. Coldstream Capital Management Inc. now owns 12,778 shares of the financial services provider’s stock valued at $775,000 after buying an additional 1,221 shares during the last quarter. Finally, Vestcor Inc increased its holdings in shares of Unum Group by 156.2% in the third quarter. Vestcor Inc now owns 88,728 shares of the financial services provider’s stock worth $5,274,000 after buying an additional 54,095 shares during the period. 86.57% of the stock is currently owned by institutional investors.

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.