Unum Group (NYSE:UNM) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Unum Group (NYSE:UNM) had its price target hoisted by analysts at JPMorgan Chase & Co. from $90.00 to $101.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 15.08% from the stock’s previous close.

UNM has been the subject of a number of other research reports. Wells Fargo & Company raised their target price on Unum Group from $100.00 to $101.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Morgan Stanley boosted their price target on Unum Group from $80.00 to $87.00 and gave the company an “equal weight” rating in a research note on Thursday, May 21st. Weiss Ratings raised Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Wolfe Research reduced their price objective on Unum Group from $102.00 to $100.00 and set an “outperform” rating for the company in a research note on Monday, July 6th. Finally, Truist Financial lifted their target price on Unum Group from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $98.17.

Unum Group Price Performance

Shares of UNM stock opened at $87.77 on Tuesday. Unum Group has a fifty-two week low of $68.28 and a fifty-two week high of $93.21. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market capitalization of $14.02 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 0.88 and a beta of 0.25. The stock’s 50-day simple moving average is $87.68 and its 200-day simple moving average is $79.96.

Unum Group (NYSE:UNM) last released its earnings results on Tuesday, April 28th. The financial services provider reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.07. Unum Group had a net margin of 5.86% and a return on equity of 12.60%. The company had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $2.91 billion. During the same period last year, the business earned $2.04 EPS. Unum Group’s revenue for the quarter 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 forecast that Unum Group will post 8.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 12,000 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were 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. This represents a 21.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Institutional Trading of Unum Group

Hedge funds have recently modified their holdings of the stock. Prosperity Consulting Group LLC grew its holdings in shares of Unum Group by 1.6% during the first quarter. Prosperity Consulting Group LLC now owns 8,157 shares of the financial services provider’s stock worth $596,000 after buying an additional 128 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of Unum Group by 1.9% in the first quarter. D.A. Davidson & CO. now owns 7,922 shares of the financial services provider’s stock valued at $579,000 after buying an additional 144 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Unum Group by 5.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,781 shares of the financial services provider’s stock worth $218,000 after buying an additional 149 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Unum Group by 0.4% in the fourth quarter. Larson Financial Group LLC now owns 37,864 shares of the financial services provider’s stock worth $2,934,000 after buying an additional 159 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its position in Unum Group by 3.0% during the first quarter. Arkadios Wealth Advisors now owns 5,459 shares of the financial services provider’s stock worth $399,000 after acquiring an additional 159 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

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.