Jefferies Financial Group Raises Unum Group (NYSE:UNM) Price Target to $63.00

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

UNM has been the subject of several other reports. Truist Financial raised their target price on Unum Group from $57.00 to $62.00 and gave the company a buy rating in a research report on Thursday, May 2nd. 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. Wells Fargo & Company lifted their price objective on Unum Group from $64.00 to $66.00 and gave the stock an overweight rating in a report on Thursday, April 11th. Evercore ISI lifted their price objective on Unum Group from $56.00 to $58.00 and gave the stock an in-line rating in a report on Wednesday, June 26th. Finally, Morgan Stanley raised their target price on Unum Group from $50.00 to $52.00 and gave the stock an equal weight rating in a research note on Monday, April 15th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average 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 firm has a market capitalization of $9.68 billion, a P/E ratio of 7.59, a PEG ratio of 1.08 and a beta of 0.83. The business has a fifty day simple moving average of $51.66 and a 200 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. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.34.

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

Unum Group Announces Dividend

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

Insider Activity at Unum Group

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

Hedge Funds Weigh In On Unum Group

A number of large investors have recently bought and sold shares of UNM. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Unum Group during the third quarter valued at approximately $305,000. Envestnet Asset Management Inc. boosted its position in shares of Unum Group by 65.8% during the third quarter. Envestnet Asset Management Inc. now owns 193,724 shares of the financial services provider’s stock valued at $9,529,000 after purchasing an additional 76,851 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of Unum Group by 106.3% during the third quarter. Hsbc Holdings PLC now owns 43,315 shares of the financial services provider’s stock valued at $2,139,000 after purchasing an additional 22,317 shares in the last quarter. LPL Financial LLC boosted its position in shares of Unum Group by 7.4% during the third quarter. LPL Financial LLC now owns 296,972 shares of the financial services provider’s stock valued at $14,608,000 after purchasing an additional 20,469 shares in the last quarter. Finally, Natixis Advisors L.P. boosted its position in shares of Unum Group by 11.5% during the third quarter. Natixis Advisors L.P. now owns 26,775 shares of the financial services provider’s stock valued at $1,317,000 after purchasing an additional 2,757 shares in the last quarter. 86.57% of the stock is owned by hedge funds and other 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.