Unum Group (NYSE:UNM) Given New $101.00 Price Target at Wells Fargo & Company

Unum Group (NYSE:UNM) had its price objective raised by Wells Fargo & Company from $100.00 to $101.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the financial services provider’s stock.

Several other equities research analysts have also recently issued reports on UNM. Weiss Ratings upgraded shares of Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 29th. UBS Group set a $94.00 target price on shares of Unum Group in a research note on Tuesday. Morgan Stanley increased their target price on Unum Group from $80.00 to $87.00 and gave the company an “equal weight” rating in a report on Thursday, May 21st. Truist Financial upped their price target on shares of Unum Group from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Evercore reiterated an “outperform” rating and issued a $106.00 price objective on shares of Unum Group in a research note on Tuesday. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $97.36.

Unum Group Trading Up 0.6%

Unum Group stock opened at $88.24 on Thursday. Unum Group has a 12 month low of $68.28 and a 12 month high of $93.21. The company has a market capitalization of $14.10 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 0.89 and a beta of 0.25. The business’s fifty day simple moving average is $86.27 and its two-hundred day simple moving average is $79.32. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.35.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.07. Unum Group had a return on equity of 12.60% and a net margin of 5.86%.The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $2.91 billion. During the same period last year, the company earned $2.04 earnings per share. The company’s revenue was up 8.5% on a year-over-year basis. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. As a group, equities analysts predict that Unum Group will post 8.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Unum Group

In other news, EVP Elizabeth Claire Ahmed sold 12,000 shares of Unum Group stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $80.14, for a total value of $961,680.00. Following the sale, the executive vice president directly owned 42,587 shares of the company’s stock, valued at approximately $3,412,922.18. The trade was a 21.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Unum Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Brighton Jones LLC purchased a new position in shares of Unum Group in the 4th quarter worth approximately $247,000. EverSource Wealth Advisors LLC lifted its position in Unum Group by 157.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,851 shares of the financial services provider’s stock worth $149,000 after buying an additional 1,132 shares during the last quarter. Baird Financial Group Inc. lifted its position in Unum Group by 26.6% in the second quarter. Baird Financial Group Inc. now owns 7,939 shares of the financial services provider’s stock worth $641,000 after buying an additional 1,666 shares during the last quarter. Brown Advisory Inc. boosted its stake in Unum Group by 13.2% during the second quarter. Brown Advisory Inc. now owns 6,445 shares of the financial services provider’s stock worth $520,000 after buying an additional 753 shares during the period. Finally, Cresset Asset Management LLC boosted its stake in Unum Group by 6.1% during the second quarter. Cresset Asset Management LLC now owns 6,715 shares of the financial services provider’s stock worth $542,000 after buying an additional 386 shares during the period. 86.57% of the stock is owned by hedge funds and other institutional investors.

Unum Group Company Profile

Unum Group (NYSE: UNM) is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.

In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.