Unum Group (NYSE:UNM) Price Target Raised to $82.00 at Piper Sandler

Unum Group (NYSE:UNM) had its price target upped by Piper Sandler from $74.00 to $82.00 in a report issued on Wednesday,Benzinga reports. Piper Sandler currently has an overweight rating on the financial services provider’s stock.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company increased their target price on shares of Unum Group from $69.00 to $71.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. UBS Group upgraded Unum Group to a “hold” rating in a research report on Wednesday, October 9th. Morgan Stanley upped their target price on Unum Group from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Evercore ISI upgraded Unum Group from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $67.00 to $84.00 in a research note on Thursday, November 14th. Finally, Barclays boosted their price objective on Unum Group from $72.00 to $74.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Unum Group presently has an average rating of “Moderate Buy” and a consensus price target of $72.09.

Unum Group Trading Up 1.4 %

UNM opened at $71.51 on Wednesday. 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 has a one year low of $44.32 and a one year high of $77.63. The company has a market cap of $13.06 billion, a P/E ratio of 7.74, a PEG ratio of 1.06 and a beta of 0.79. The business’s 50-day simple moving average is $69.70 and its 200-day simple moving average is $59.46.

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

Unum Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.68 dividend on an annualized basis and a yield of 2.35%. Unum Group’s payout ratio is currently 18.18%.

Insider Activity

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the business’s stock in a transaction 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $69.56, for a total transaction of $104,340.00. Following the transaction, the chief accounting officer now directly owns 8,361 shares in the company, valued at approximately $581,591.16. This trade represents a 15.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 107,914 shares of company stock valued at $7,998,745 over the last quarter. Corporate insiders own 0.93% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in UNM. 1620 Investment Advisors Inc. acquired a new stake in shares of Unum Group in the 2nd quarter worth approximately $29,000. Capital Performance Advisors LLP acquired a new position in Unum Group during the third quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Unum Group during the third quarter worth $37,000. Innealta Capital LLC acquired a new stake in Unum Group in the second quarter valued at $40,000. Finally, Family Firm Inc. purchased a new position in shares of Unum Group in the second quarter valued at $41,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

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.