Unum Group (NYSE:UNM) Given New $62.00 Price Target at Truist Financial

Unum Group (NYSE:UNM) had its price target upped by Truist Financial from $57.00 to $62.00 in a research report released on Thursday, Benzinga reports. Truist Financial currently has a buy rating on the financial services provider’s stock.

UNM has been the topic of a number of other research reports. The Goldman Sachs Group raised their price target on Unum Group from $47.00 to $52.00 and gave the company a neutral rating in a research report on Wednesday, January 31st. StockNews.com upgraded shares of Unum Group from a hold rating to a buy rating in a research report on Wednesday, January 31st. Morgan Stanley upped their price objective on shares of Unum Group from $50.00 to $52.00 and gave the company an equal weight rating in a research note on Monday, April 15th. Wells Fargo & Company lifted 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. Finally, JPMorgan Chase & Co. lifted their price objective on Unum Group from $56.00 to $58.00 and gave the stock an overweight rating in a report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $57.38.

Unum Group Stock Performance

NYSE:UNM opened at $51.62 on Thursday. The stock has a market cap of $9.78 billion, a P/E ratio of 7.67, a PEG ratio of 1.28 and a beta of 0.87. The company has a quick ratio of 0.27, a current ratio of 0.28 and a debt-to-equity ratio of 0.34. The business’s 50-day moving average price is $51.55 and its two-hundred day moving average price is $47.67. Unum Group has a twelve month low of $41.75 and a twelve month high of $54.57.

Unum Group (NYSE:UNM) last announced its earnings results on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. Unum Group had a net margin of 10.52% and a return on equity of 16.02%. The business had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period last year, the firm posted $1.87 earnings per share. Unum Group’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities analysts predict that Unum Group will post 8.19 EPS for the current fiscal year.

Unum Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, April 26th will be issued a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Thursday, April 25th. Unum Group’s dividend payout ratio (DPR) is currently 21.69%.

Insider Activity

In related news, CFO Steven Andrew Zabel sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $51.06, for a total value of $510,600.00. Following the completion of the sale, the chief financial officer now owns 122,246 shares of the company’s stock, valued at $6,241,880.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Unum Group news, CFO Steven Andrew Zabel sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $51.06, for a total value of $510,600.00. Following the completion of the transaction, the chief financial officer now directly owns 122,246 shares in the company, valued at approximately $6,241,880.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of Unum Group stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $50.00, for a total transaction of $250,000.00. Following the sale, the executive vice president now directly owns 55,450 shares in the company, valued at approximately $2,772,500. The disclosure for this sale can be found here. Over the last three months, insiders have sold 81,000 shares of company stock valued at $4,018,100. Company insiders own 0.93% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. WBI Investments LLC grew its stake in Unum Group by 539.6% in the first quarter. WBI Investments LLC now owns 136,143 shares of the financial services provider’s stock worth $7,305,000 after purchasing an additional 114,857 shares during the period. TFB Advisors LLC grew its position in shares of Unum Group by 75.3% in the 1st quarter. TFB Advisors LLC now owns 8,456 shares of the financial services provider’s stock worth $439,000 after buying an additional 3,633 shares during the period. Callan Capital LLC bought a new position in shares of Unum Group in the 1st quarter worth about $237,000. Salomon & Ludwin LLC bought a new position in shares of Unum Group in the 1st quarter worth about $28,000. Finally, FORA Capital LLC purchased a new position in Unum Group during the 1st quarter valued at about $1,059,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

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.