Keefe, Bruyette & Woods Issues Positive Forecast for Unum Group (NYSE:UNM) Stock Price

Unum Group (NYSE:UNM) had its price target increased by research analysts at Keefe, Bruyette & Woods from $88.00 to $90.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 19.63% from the stock’s previous close.

A number of other equities analysts have also weighed in on the stock. BMO Capital Markets began coverage on shares of Unum Group in a report on Thursday, January 23rd. They issued an “outperform” rating and a $91.00 price target on the stock. Piper Sandler boosted their target price on shares of Unum Group from $82.00 to $87.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. restated a “neutral” rating and set a $79.00 price objective (up previously from $74.00) on shares of Unum Group in a research note on Tuesday, January 7th. StockNews.com downgraded Unum Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Morgan Stanley boosted their price target on Unum Group from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.33.

Unum Group Trading Down 1.7 %

Shares of Unum Group stock opened at $75.24 on Wednesday. The firm has a market cap of $13.74 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 1.17 and a beta of 0.80. The company’s 50-day simple moving average is $74.21 and its 200-day simple moving average is $65.80. Unum Group has a 52-week low of $47.65 and a 52-week high of $79.43. The company has a quick ratio of 0.28, a current ratio of 0.29 and a debt-to-equity ratio of 0.32.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $2.03 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.11). Unum Group had a return on equity of 14.91% and a net margin of 13.81%. As a group, equities research analysts anticipate that Unum Group will post 9.12 earnings per share for the current year.

Insider Transactions at Unum Group

In other news, EVP Lisa G. Iglesias sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $72.61, for a total value of $363,050.00. Following the sale, the executive vice president now owns 35,840 shares in the company, valued at approximately $2,602,342.40. This trade represents a 12.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard P. Mckenney sold 58,865 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $75.39, for a total transaction of $4,437,832.35. Following the transaction, the chief executive officer now owns 1,007,003 shares of the company’s stock, valued at approximately $75,917,956.17. The trade was a 5.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 98,164 shares of company stock worth $7,346,040. 0.93% of the stock is owned by insiders.

Institutional Trading of Unum Group

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in Unum Group by 8.4% in the fourth quarter. Vanguard Group Inc. now owns 20,497,586 shares of the financial services provider’s stock valued at $1,496,939,000 after acquiring an additional 1,596,078 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Unum Group by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,552,252 shares of the financial services provider’s stock worth $405,481,000 after purchasing an additional 51,744 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Unum Group by 23.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,462,917 shares of the financial services provider’s stock valued at $106,837,000 after purchasing an additional 276,655 shares during the last quarter. Allianz Asset Management GmbH boosted its position in Unum Group by 44.9% in the fourth quarter. Allianz Asset Management GmbH now owns 1,264,994 shares of the financial services provider’s stock valued at $92,383,000 after buying an additional 392,191 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in Unum Group by 151.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 509,702 shares of the financial services provider’s stock worth $30,297,000 after buying an additional 307,175 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.