Jefferies Financial Group Issues Positive Forecast for Unum Group (NYSE:UNM) Stock Price

Unum Group (NYSE:UNM) had its price objective increased by investment analysts at Jefferies Financial Group from $91.00 to $96.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s price target suggests a potential upside of 31.69% from the company’s previous close.

Several other research firms have also issued reports on UNM. Truist Financial increased their target price on shares of Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. UBS Group raised Unum Group to a “hold” rating in a report on Wednesday, October 9th. Evercore ISI upgraded Unum Group from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $67.00 to $84.00 in a research report on Thursday, November 14th. Barclays increased their target price on Unum Group from $72.00 to $74.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company upped their price objective on shares of Unum Group from $69.00 to $71.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $70.64.

Unum Group Stock Performance

Shares of UNM traded down $1.15 during mid-day trading on Tuesday, reaching $72.90. The company had a trading volume of 314,913 shares, compared to its average volume of 1,249,031. The stock has a market capitalization of $13.31 billion, a P/E ratio of 7.89, a PEG ratio of 1.07 and a beta of 0.79. Unum Group has a 52-week low of $43.04 and a 52-week high of $77.63. The stock has a 50 day moving average of $67.95 and a two-hundred day moving average of $58.52. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The business had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the company earned $1.94 EPS. On average, analysts expect that Unum Group will post 8.53 earnings per share for the current year.

Insider Buying and Selling at Unum Group

In other Unum Group news, EVP Timothy Gerald Arnold sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $76.92, for a total transaction of $769,200.00. Following the transaction, the executive vice president now directly owns 54,827 shares in the company, valued at $4,217,292.84. This represents a 15.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard P. Mckenney sold 58,865 shares of Unum Group stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $75.39, for a total value of $4,437,832.35. Following the completion of the sale, the chief executive officer now directly owns 1,007,003 shares of the company’s stock, valued at $75,917,956.17. The trade was a 5.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 107,914 shares of company stock valued at $7,998,745 over the last 90 days. 0.93% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in UNM. V Square Quantitative Management LLC purchased a new position in Unum Group in the 2nd quarter valued at approximately $26,000. 1620 Investment Advisors Inc. purchased a new position in shares of Unum Group in the 2nd quarter valued at about $29,000. Capital Performance Advisors LLP acquired a new position in shares of Unum Group during the third quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Unum Group during the third quarter worth approximately $37,000. Finally, Innealta Capital LLC acquired a new stake in Unum Group in the second quarter valued at approximately $40,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

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.