Unum Group (NYSE:UNM) Price Target Raised to $101.00

Unum Group (NYSE:UNM) had its price objective hoisted by JPMorgan Chase & Co. from $90.00 to $101.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

A number of other equities research analysts also recently weighed in on UNM. Evercore restated an “outperform” rating and issued a $106.00 target price on shares of Unum Group in a research report on Tuesday, July 7th. Bank of America lowered their price target on Unum Group from $83.00 to $77.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Barclays boosted their price objective on Unum Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Wells Fargo & Company raised their target price on Unum Group from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Finally, UBS Group set a $94.00 target price on Unum Group in a research note on Tuesday, July 7th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $98.17.

Unum Group Stock Down 1.7%

Unum Group stock opened at $86.28 on Tuesday. The stock has a market cap of $13.79 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 0.88 and a beta of 0.25. 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 company’s 50-day moving average price is $87.79 and its two-hundred day moving average price is $80.02. Unum Group has a 52 week low of $68.28 and a 52 week high of $93.21.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.07. The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $2.91 billion. Unum Group had a net margin of 5.86% and a return on equity of 12.60%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.04 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. On average, analysts expect that Unum Group will post 8.75 EPS for the current fiscal year.

Unum Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 24th will be issued a $0.505 dividend. This is an increase from Unum Group’s previous quarterly dividend of $0.46. This represents a $2.02 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, July 24th. Unum Group’s dividend payout ratio is currently 40.00%.

Insider Activity at Unum Group

In other news, EVP Elizabeth Claire Ahmed sold 12,000 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $80.14, for a total transaction of $961,680.00. Following the completion of the sale, the executive vice president owned 42,587 shares in the company, valued at approximately $3,412,922.18. This represents a 21.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Unum Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC purchased a new position in Unum Group in the 4th quarter worth about $247,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Unum Group by 157.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,851 shares of the financial services provider’s stock worth $149,000 after buying an additional 1,132 shares during the period. Baird Financial Group Inc. increased its position in shares of Unum Group by 26.6% in the second quarter. Baird Financial Group Inc. now owns 7,939 shares of the financial services provider’s stock worth $641,000 after acquiring an additional 1,666 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Unum Group by 13.2% during the second quarter. Brown Advisory Inc. now owns 6,445 shares of the financial services provider’s stock valued at $520,000 after acquiring an additional 753 shares during the period. Finally, Cresset Asset Management LLC raised its holdings in shares of Unum Group by 6.1% during the second quarter. Cresset Asset Management LLC now owns 6,715 shares of the financial services provider’s stock valued at $542,000 after acquiring an additional 386 shares during the period. 86.57% of the stock is owned by institutional investors and hedge funds.

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.