BMO Capital Markets Begins Coverage on Unum Group (NYSE:UNM)

BMO Capital Markets assumed coverage on shares of Unum Group (NYSE:UNM) in a note issued to investors on Thursday, MarketBeat reports. The firm set an “outperform” rating and a $91.00 price target on the financial services provider’s stock. BMO Capital Markets’ price target indicates a potential upside of 21.32% from the company’s current price.

UNM has been the subject of a number of other reports. Truist Financial boosted their target price on shares of Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Bank of America increased their target price on Unum Group from $54.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. UBS Group upgraded shares of Unum Group to a “hold” rating in a research report on Wednesday, October 9th. Jefferies Financial Group boosted their price target on Unum Group from $91.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Evercore ISI raised shares of Unum Group from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $67.00 to $84.00 in a report on Thursday, November 14th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Unum Group has an average rating of “Moderate Buy” and a consensus target price of $76.75.

Unum Group Stock Down 0.7 %

NYSE:UNM opened at $75.01 on Thursday. Unum Group has a fifty-two week low of $46.39 and a fifty-two week high of $77.63. The firm has a market cap of $13.70 billion, a P/E ratio of 8.12, a P/E/G ratio of 1.07 and a beta of 0.81. The firm has a 50-day simple moving average of $73.96 and a two-hundred day simple moving average of $63.67. 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 issued its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The business had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.26 billion. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. Unum Group’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.94 EPS. Analysts predict that Unum Group will post 8.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Unum Group

In other Unum Group news, EVP Christopher W. Pyne sold 3,250 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 owns 50,762 shares in the company, valued at $3,554,355.24. This trade represents a 6.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 value of $769,200.00. Following the sale, the executive vice president now directly owns 54,827 shares in the company, valued at $4,217,292.84. This trade represents a 15.43 % 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

Institutional investors and hedge funds have recently made changes to their positions in the business. Chicago Partners Investment Group LLC lifted its holdings in shares of Unum Group by 9.0% in the 4th quarter. Chicago Partners Investment Group LLC now owns 5,385 shares of the financial services provider’s stock valued at $393,000 after acquiring an additional 444 shares during the last quarter. OLD National Bancorp IN raised its position in Unum Group by 10.6% during the fourth quarter. OLD National Bancorp IN now owns 11,815 shares of the financial services provider’s stock valued at $863,000 after purchasing an additional 1,136 shares during the period. DMC Group LLC lifted its stake in shares of Unum Group by 57.9% in the 4th quarter. DMC Group LLC now owns 7,105 shares of the financial services provider’s stock valued at $519,000 after purchasing an additional 2,605 shares during the last quarter. Foster & Motley Inc. boosted its holdings in shares of Unum Group by 0.9% in the 4th quarter. Foster & Motley Inc. now owns 115,594 shares of the financial services provider’s stock worth $8,442,000 after purchasing an additional 1,078 shares during the period. Finally, Ibex Wealth Advisors increased its position in shares of Unum Group by 157.0% during the 4th quarter. Ibex Wealth Advisors now owns 130,296 shares of the financial services provider’s stock valued at $9,515,000 after purchasing an additional 79,594 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.