Unum Group (NYSE:UNM) Price Target Raised to $66.00 at Wells Fargo & Company

Unum Group (NYSE:UNMFree Report) had its price objective upped by Wells Fargo & Company from $64.00 to $66.00 in a research report sent to investors on Thursday morning, Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

UNM has been the topic of a number of other reports. JPMorgan Chase & Co. raised their price target on shares of Unum Group from $56.00 to $58.00 and gave the company an overweight rating in a research note on Tuesday, April 2nd. StockNews.com raised shares of Unum Group from a hold rating to a buy rating in a research note on Wednesday, January 31st. Finally, The Goldman Sachs Group raised their price target on shares of Unum Group from $47.00 to $52.00 and gave the company a neutral rating in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Unum Group presently has an average rating of Moderate Buy and a consensus price target of $56.50.

Get Our Latest Stock Report on Unum Group

Unum Group Trading Down 1.6 %

UNM stock opened at $50.25 on Thursday. The company’s 50-day simple moving average is $50.66 and its 200-day simple moving average is $47.55. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.36. Unum Group has a 52-week low of $39.40 and a 52-week high of $54.57. The firm has a market cap of $9.64 billion, a P/E ratio of 7.74, a PEG ratio of 0.75 and a beta of 0.87.

Unum Group (NYSE:UNMGet Free Report) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.07). Unum Group had a return on equity of 16.03% and a net margin of 10.36%. The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the previous year, the company earned $1.43 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts forecast that Unum Group will post 8.19 EPS for the current fiscal year.

Insiders Place Their Bets

In other Unum Group news, CFO Steven Andrew Zabel sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $51.06, for a total value of $510,600.00. Following the transaction, the chief financial officer now directly owns 122,246 shares of the company’s stock, valued at approximately $6,241,880.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Elizabeth Claire Ahmed sold 5,000 shares of Unum Group stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the completion of the sale, the executive vice president now owns 55,450 shares in the company, valued at approximately $2,772,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven Andrew Zabel sold 10,000 shares of Unum Group stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $51.06, for a total transaction of $510,600.00. Following the completion of the sale, the chief financial officer now owns 122,246 shares of the company’s stock, valued at approximately $6,241,880.76. The disclosure for this sale can be found here. Insiders have sold 81,000 shares of company stock valued at $4,018,100 in the last ninety days. 0.94% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Unum Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in Unum Group by 7.1% in the 1st quarter. GAMMA Investing LLC now owns 3,071 shares of the financial services provider’s stock valued at $165,000 after buying an additional 204 shares during the period. MBM Wealth Consultants LLC lifted its position in shares of Unum Group by 3.9% during the 3rd quarter. MBM Wealth Consultants LLC now owns 5,938 shares of the financial services provider’s stock worth $297,000 after purchasing an additional 223 shares during the last quarter. Townsquare Capital LLC lifted its position in shares of Unum Group by 3.5% during the 4th quarter. Townsquare Capital LLC now owns 6,760 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 227 shares during the last quarter. Caprock Group LLC lifted its position in shares of Unum Group by 3.0% during the 4th quarter. Caprock Group LLC now owns 8,004 shares of the financial services provider’s stock worth $362,000 after purchasing an additional 230 shares during the last quarter. Finally, United Services Automobile Association lifted its position in shares of Unum Group by 1.9% during the 3rd quarter. United Services Automobile Association now owns 12,530 shares of the financial services provider’s stock worth $616,000 after purchasing an additional 239 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

About Unum Group

(Get Free Report)

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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Analyst Recommendations for Unum Group (NYSE:UNM)

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