Unum Group (NYSE:UNM) PT Raised to $63.00 at Jefferies Financial Group

Unum Group (NYSE:UNM) had its price objective increased by Jefferies Financial Group from $62.00 to $63.00 in a research report sent to investors on Friday, Benzinga reports. Jefferies Financial Group currently has a buy rating on the financial services provider’s stock.

A number of other equities research analysts have also recently commented on the stock. Evercore ISI raised their price target on shares of Unum Group from $56.00 to $58.00 and gave the stock an in-line rating in a report on Wednesday, June 26th. JPMorgan Chase & Co. boosted their target price on shares of Unum Group from $56.00 to $58.00 and gave the stock an overweight rating in a research report on Tuesday, April 2nd. Morgan Stanley boosted their target price on shares of Unum Group from $50.00 to $52.00 and gave the stock an equal weight rating in a research report on Monday, April 15th. Truist Financial boosted their target price on shares of Unum Group from $57.00 to $62.00 and gave the stock a buy rating in a research report on Thursday, May 2nd. Finally, Wells Fargo & Company boosted their target price on shares of Unum Group from $64.00 to $66.00 and gave the stock an overweight rating in a research report on Thursday, April 11th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $57.89.

Unum Group Trading Up 0.8 %

NYSE:UNM opened at $51.11 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $9.68 billion, a price-to-earnings ratio of 7.59, a PEG ratio of 1.08 and a beta of 0.83. The firm has a fifty day simple moving average of $51.66 and a two-hundred day simple moving average of $49.75. Unum Group has a 12 month low of $41.75 and a 12 month high of $54.57.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. The business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Unum Group had a net margin of 10.52% and a return on equity of 16.02%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company posted $1.87 earnings per share. Analysts expect that Unum Group will post 8.25 EPS for the current fiscal year.

Unum Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, April 26th were given a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Thursday, April 25th. Unum Group’s payout ratio is 21.69%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Silver Oak Securities Incorporated purchased a new position in Unum Group in the third quarter valued at about $25,000. Salomon & Ludwin LLC purchased a new stake in shares of Unum Group during the 1st quarter valued at approximately $28,000. Contravisory Investment Management Inc. purchased a new stake in shares of Unum Group during the 4th quarter valued at approximately $25,000. MCF Advisors LLC purchased a new stake in shares of Unum Group during the 1st quarter valued at approximately $35,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of Unum Group during the 3rd quarter valued at approximately $36,000. 86.57% of the stock is currently 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.