Unum Group (NYSE:UNM) PT Raised to $58.00

Unum Group (NYSE:UNM) had its price objective hoisted by Evercore ISI from $56.00 to $58.00 in a research report released on Wednesday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the financial services provider’s stock.

UNM has been the topic of several other reports. JPMorgan Chase & Co. increased their target price on Unum Group from $56.00 to $58.00 and gave the stock an overweight rating in a research report on Tuesday, April 2nd. Wells Fargo & Company increased their target price on Unum Group from $64.00 to $66.00 and gave the stock an overweight rating in a research report on Thursday, April 11th. Morgan Stanley increased their target price on Unum Group from $50.00 to $52.00 and gave the stock an equal weight rating in a research report on Monday, April 15th. Finally, Truist Financial increased their target price on Unum Group from $57.00 to $62.00 and gave the stock a buy rating in a research report on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Unum Group presently has an average rating of Moderate Buy and an average price target of $57.89.

Unum Group Price Performance

UNM stock opened at $51.11 on Wednesday. Unum Group has a 52-week low of $41.75 and a 52-week high of $54.57. The stock’s fifty day simple moving average is $51.66 and its 200-day simple moving average is $49.72. The company has a quick ratio of 0.28, a current 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 price-to-earnings-growth ratio of 1.07 and a beta of 0.83.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.15. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.20 billion. Unum Group had a return on equity of 16.02% and a net margin of 10.52%. 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 EPS. Equities research analysts expect that Unum Group will post 8.25 EPS for the current year.

Unum Group Dividend Announcement

The business 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 annualized dividend and a yield of 2.86%. The ex-dividend date was Thursday, April 25th. Unum Group’s dividend payout ratio (DPR) is presently 21.69%.

Insider Buying and Selling at Unum Group

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

Institutional Trading of Unum Group

Several large investors have recently modified their holdings of the business. Keynote Financial Services LLC acquired a new stake in shares of Unum Group during the first quarter valued at about $1,061,000. DekaBank Deutsche Girozentrale grew its stake in Unum Group by 57.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 250,712 shares of the financial services provider’s stock worth $13,392,000 after purchasing an additional 91,026 shares in the last quarter. Pathway Financial Advisers LLC acquired a new position in Unum Group in the first quarter worth about $74,000. Cetera Advisors LLC acquired a new position in Unum Group in the first quarter worth about $703,000. Finally, Cetera Investment Advisers grew its stake in Unum Group by 33.9% in the first quarter. Cetera Investment Advisers now owns 32,989 shares of the financial services provider’s stock worth $1,770,000 after purchasing an additional 8,359 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

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.