Unum Group (NYSE:UNM) Price Target Raised to $81.00 at Wells Fargo & Company

Unum Group (NYSE:UNM) had its target price boosted by stock analysts at Wells Fargo & Company from $74.00 to $81.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 10.57% from the stock’s previous close.

Several other analysts also recently weighed in on the company. Piper Sandler lifted their target price on Unum Group from $74.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Bank of America increased their target price on shares of Unum Group from $54.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Barclays boosted their price target on shares of Unum Group from $76.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Truist Financial increased their price objective on shares of Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Morgan Stanley boosted their target price on Unum Group from $62.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $75.45.

Unum Group Stock Up 0.4 %

UNM stock opened at $73.26 on Tuesday. The stock has a market cap of $13.38 billion, a PE ratio of 7.93, a price-to-earnings-growth ratio of 1.06 and a beta of 0.81. The firm’s 50-day simple moving average is $73.39 and its 200 day simple moving average is $62.56. Unum Group has a fifty-two week low of $44.83 and a fifty-two week high of $77.63. 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 announced its quarterly earnings results 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. The company had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.26 billion. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. Unum Group’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.94 earnings per share. As a group, sell-side analysts predict that Unum Group will post 8.54 EPS for the current year.

Insider Buying and Selling

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 5,000 shares of Unum Group stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $64.16, for a total transaction 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. The trade was a 7.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Christopher W. Pyne sold 3,250 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $70.02, for a total value of $227,565.00. Following the completion of the sale, the executive vice president now owns 50,762 shares of the company’s stock, valued at $3,554,355.24. The trade was a 6.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 107,914 shares of company stock valued at $7,998,745. 0.93% of the stock is owned by corporate insiders.

Institutional Trading of Unum Group

Hedge funds have recently made changes to their positions in the stock. HB Wealth Management LLC increased its stake in Unum Group by 56.7% in the 4th quarter. HB Wealth Management LLC now owns 5,928 shares of the financial services provider’s stock valued at $433,000 after buying an additional 2,146 shares during the period. Merit Financial Group LLC purchased a new position in shares of Unum Group during the 4th quarter valued at $328,000. Boston Common Asset Management LLC increased its stake in shares of Unum Group by 19.6% in the fourth quarter. Boston Common Asset Management LLC now owns 69,278 shares of the financial services provider’s stock worth $5,059,000 after acquiring an additional 11,373 shares during the last quarter. Ritholtz Wealth Management raised its holdings in shares of Unum Group by 1.9% during the fourth quarter. Ritholtz Wealth Management now owns 34,177 shares of the financial services provider’s stock worth $2,496,000 after acquiring an additional 637 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Unum Group by 28.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 800 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 179 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

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.