Unum Group (NYSE:UNM) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Unum Group (NYSE:UNM) had its price target boosted by Wells Fargo & Company from $100.00 to $101.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target points to a potential upside of 14.51% from the stock’s current price.

A number of other equities analysts also recently issued reports on the company. UBS Group set a $94.00 price objective on Unum Group in a report on Tuesday. Weiss Ratings upgraded shares of Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Morgan Stanley upped their target price on shares of Unum Group from $80.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. Barclays increased their price target on shares of Unum Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods reissued a “moderate buy” rating and set a $95.00 price target on shares of Unum Group in a research report on Thursday, March 26th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Unum Group presently has a consensus rating of “Moderate Buy” and an average target price of $97.36.

Unum Group Stock Up 0.5%

Shares of UNM stock traded up $0.46 during midday trading on Thursday, reaching $88.20. 611,274 shares of the stock were exchanged, compared to its average volume of 1,521,321. Unum Group has a 1 year low of $68.28 and a 1 year high of $93.21. The company’s 50 day moving average is $86.06 and its two-hundred day moving average is $79.25. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.35. The firm has a market cap of $14.09 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 0.90 and a beta of 0.25.

Unum Group (NYSE:UNM) last announced its earnings results on Tuesday, April 28th. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.07. The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $2.91 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.86%.The business’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.04 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. On average, equities research analysts predict that Unum Group will post 8.76 EPS for the current year.

Insider Activity

In other news, EVP Elizabeth Claire Ahmed sold 12,000 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $80.14, for a total transaction of $961,680.00. Following the sale, the executive vice president owned 42,587 shares in the company, valued at $3,412,922.18. This represents a 21.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Unum Group

A number of hedge funds have recently added to or reduced their stakes in the company. Prosperity Consulting Group LLC lifted its position in Unum Group by 1.6% in the 1st quarter. Prosperity Consulting Group LLC now owns 8,157 shares of the financial services provider’s stock valued at $596,000 after acquiring an additional 128 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of Unum Group by 1.9% in the 1st quarter. D.A. Davidson & CO. now owns 7,922 shares of the financial services provider’s stock worth $579,000 after purchasing an additional 144 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Unum Group by 5.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,781 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 149 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Unum Group by 0.4% in the fourth quarter. Larson Financial Group LLC now owns 37,864 shares of the financial services provider’s stock worth $2,934,000 after purchasing an additional 159 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its stake in shares of Unum Group by 3.0% in the first quarter. Arkadios Wealth Advisors now owns 5,459 shares of the financial services provider’s stock worth $399,000 after purchasing an additional 159 shares during the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

About Unum Group

Unum Group (NYSE: UNM) is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.

In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.