Unum Group (NYSE:UNM) Stock Price Expected to Rise, Piper Sandler Analyst Says

Unum Group (NYSE:UNM) had its price objective hoisted by equities research analysts at Piper Sandler from $74.00 to $82.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s price target would indicate a potential upside of 15.56% from the stock’s current price.

UNM has been the subject of several other reports. UBS Group upgraded Unum Group to a “hold” rating in a research note on Wednesday, October 9th. Truist Financial upped their price target on Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Jefferies Financial Group lifted their price objective on Unum Group from $91.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Wells Fargo & Company increased their target price on shares of Unum Group from $69.00 to $71.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, Barclays raised their target price on shares of Unum Group from $72.00 to $74.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Unum Group presently has a consensus rating of “Moderate Buy” and an average price target of $72.09.

Unum Group Trading Up 0.6 %

Shares of NYSE:UNM opened at $70.96 on Wednesday. The stock’s 50-day simple moving average is $69.70 and its two-hundred day simple moving average is $59.46. The stock has a market capitalization of $12.96 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 1.06 and a beta of 0.79. Unum Group has a 52-week low of $44.32 and a 52-week high of $77.63. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.28.

Unum Group (NYSE:UNM) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.26 billion. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.94 earnings per share. Analysts expect that Unum Group will post 8.54 EPS for the current year.

Insider Buying and Selling at Unum Group

In other news, EVP Timothy Gerald Arnold sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $76.92, for a total transaction of $769,200.00. Following the sale, the executive vice president now directly owns 54,827 shares of the company’s stock, valued at $4,217,292.84. This represents a 15.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher W. Pyne sold 3,250 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $70.02, for a total transaction of $227,565.00. Following the completion of the transaction, the executive vice president now directly owns 50,762 shares of the company’s stock, valued at approximately $3,554,355.24. This trade represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 107,914 shares of company stock worth $7,998,745. Insiders own 0.93% of the company’s stock.

Hedge Funds Weigh In On Unum Group

Several institutional investors have recently bought and sold shares of the business. 1620 Investment Advisors Inc. bought a new stake in shares of Unum Group in the 2nd quarter valued at approximately $29,000. Capital Performance Advisors LLP bought a new stake in Unum Group in the third quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Unum Group during the third quarter worth $37,000. Innealta Capital LLC bought a new position in Unum Group during the second quarter valued at $40,000. Finally, Family Firm Inc. purchased a new stake in shares of Unum Group in the second quarter valued at $41,000. Institutional investors own 86.57% of the company’s stock.

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.