Unum Group (NYSE:UNM) Given New $64.00 Price Target at Jefferies Financial Group

Unum Group (NYSE:UNMGet Free Report) had its price objective lifted by investment analysts at Jefferies Financial Group from $63.00 to $64.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s price target indicates a potential upside of 24.90% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of Unum Group from $64.00 to $66.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Morgan Stanley upped their target price on Unum Group from $50.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Evercore ISI lifted their price target on Unum Group from $56.00 to $58.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 26th. Truist Financial upped their price objective on shares of Unum Group from $57.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Unum Group from $58.00 to $64.00 and gave the stock an “overweight” rating in a report on Tuesday, July 2nd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $58.67.

Get Our Latest Analysis on Unum Group

Unum Group Stock Performance

Shares of NYSE:UNM traded up $0.61 during trading on Wednesday, reaching $51.24. 935,760 shares of the company’s stock traded hands, compared to its average volume of 1,267,725. The stock has a market capitalization of $9.70 billion, a P/E ratio of 7.61, a price-to-earnings-growth ratio of 1.06 and a beta of 0.81. Unum Group has a 12 month low of $41.75 and a 12 month high of $54.57. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.28 and a quick ratio of 0.28. The company has a 50 day moving average of $51.56 and a 200-day moving average of $50.06.

Unum Group (NYSE:UNMGet Free Report) last announced its earnings results on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. The firm had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.20 billion. Unum Group had a net margin of 10.52% and a return on equity of 16.02%. Unum Group’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.87 EPS. On average, equities analysts expect that Unum Group will post 8.25 EPS for the current year.

Insider Activity

In related news, EVP Christopher W. Pyne sold 4,500 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $52.47, for a total transaction of $236,115.00. Following the completion of the sale, the executive vice president now directly owns 56,262 shares in the company, valued at $2,952,067.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Timothy F. Keaney sold 8,000 shares of Unum Group stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $52.61, for a total value of $420,880.00. Following the completion of the sale, the director now owns 37,505 shares of the company’s stock, valued at approximately $1,973,138.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Christopher W. Pyne sold 4,500 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $52.47, for a total transaction of $236,115.00. Following the transaction, the executive vice president now directly owns 56,262 shares in the company, valued at $2,952,067.14. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by corporate insiders.

Institutional Trading of Unum Group

A number of institutional investors and hedge funds have recently made changes to their positions in UNM. Silver Oak Securities Incorporated bought a new position in shares of Unum Group in the 3rd quarter valued at approximately $25,000. Comerica Bank acquired a new stake in shares of Unum Group in the third quarter worth $6,439,000. Neo Ivy Capital Management bought a new stake in shares of Unum Group during the 3rd quarter worth $36,000. American Century Companies Inc. grew its stake in Unum Group by 14.9% in the 3rd quarter. American Century Companies Inc. now owns 222,878 shares of the financial services provider’s stock valued at $10,963,000 after buying an additional 28,898 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its holdings in Unum Group by 9.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 12,763 shares of the financial services provider’s stock worth $628,000 after acquiring an additional 1,074 shares during the period. Institutional investors and hedge funds 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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