Unum Group (NYSE:UNM) Price Target Raised to $90.00

Unum Group (NYSE:UNM) had its price objective upped by Keefe, Bruyette & Woods from $88.00 to $90.00 in a report issued on Wednesday,Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

A number of other equities analysts have also recently issued reports on UNM. Wells Fargo & Company boosted their price objective on shares of Unum Group from $74.00 to $81.00 and gave the company an “overweight” rating in a research report on Tuesday, January 14th. StockNews.com cut shares of Unum Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Piper Sandler boosted their price target on shares of Unum Group from $82.00 to $87.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Morgan Stanley boosted their price target on shares of Unum Group from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $79.00 price target (up previously from $74.00) on shares of Unum Group in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Unum Group currently has a consensus rating of “Moderate Buy” and an average price target of $80.33.

Unum Group Price Performance

UNM stock opened at $74.42 on Wednesday. The firm’s 50-day moving average price is $74.18 and its two-hundred day moving average price is $66.08. Unum Group has a 12-month low of $48.28 and a 12-month high of $79.43. The stock has a market capitalization of $13.59 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 1.17 and a beta of 0.80. The company has a current ratio of 0.29, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). Unum Group had a net margin of 13.81% and a return on equity of 14.91%. As a group, equities analysts predict that Unum Group will post 9.12 earnings per share for the current year.

Unum Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 24th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.26%. The ex-dividend date was Friday, January 24th. Unum Group’s payout ratio is currently 17.74%.

Insider Buying and Selling

In related news, EVP Lisa G. Iglesias sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $72.61, for a total value of $363,050.00. Following the sale, the executive vice president now owns 35,840 shares in the company, valued at approximately $2,602,342.40. This trade represents a 12.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Richard P. Mckenney sold 58,865 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $75.39, for a total transaction of $4,437,832.35. Following the completion of the sale, the chief executive officer now owns 1,007,003 shares in the company, valued at $75,917,956.17. This represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 83,865 shares of company stock valued at $6,315,082 over the last quarter. Corporate insiders own 0.93% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Caisse DE Depot ET Placement DU Quebec raised its position in Unum Group by 527.2% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 349,291 shares of the financial services provider’s stock worth $25,509,000 after acquiring an additional 293,599 shares during the period. Freestone Grove Partners LP bought a new position in Unum Group in the fourth quarter worth approximately $65,096,000. Kapitalo Investimentos Ltda bought a new position in Unum Group in the fourth quarter worth approximately $102,000. Northern Trust Corp raised its position in Unum Group by 33.2% in the fourth quarter. Northern Trust Corp now owns 1,930,349 shares of the financial services provider’s stock worth $140,973,000 after acquiring an additional 480,926 shares during the period. Finally, Quarry LP raised its position in Unum Group by 206.2% in the fourth quarter. Quarry LP now owns 2,848 shares of the financial services provider’s stock worth $208,000 after acquiring an additional 1,918 shares during the period. 86.57% of the stock is currently owned by institutional investors.

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.