Unum Group (NYSE:UNM) Stock Has Average Target Price of $99.33

Unum Group (NYSE:UNM) has been assigned an average recommendation of “Moderate Buy” from the fourteen brokerages that are covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $99.42.

Several equities analysts have issued reports on UNM shares. UBS Group set a $94.00 price objective on shares of Unum Group in a research note on Tuesday, July 7th. Atlantic Securities set a $88.00 target price on shares of Unum Group in a report on Wednesday, July 15th. Keefe, Bruyette & Woods dropped their target price on shares of Unum Group from $110.00 to $108.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. Jefferies Financial Group lifted their target price on shares of Unum Group from $117.00 to $123.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Unum Group from $101.00 to $98.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd.

Unum Group Trading Down 0.6%

Shares of NYSE:UNM opened at $91.46 on Monday. Unum Group has a 52 week low of $69.02 and a 52 week high of $96.77. The company has a market cap of $14.48 billion, a PE ratio of 21.32, a P/E/G ratio of 0.89 and a beta of 0.25. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. The company’s 50 day moving average is $92.01 and its two-hundred day moving average is $86.95.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share for the quarter, hitting the consensus estimate of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the company earned $1.92 EPS. The business’s quarterly revenue was up .3% on a year-over-year basis. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Equities analysts predict that Unum Group will post 8.64 earnings per share for the current fiscal year.

Unum Group announced that its board has approved a stock buyback program on Wednesday, August 26th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 7% of its stock through open market purchases. Share repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Unum Group

In other news, EVP Lisa G. Iglesias sold 4,000 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $94.44, for a total transaction of $377,760.00. Following the completion of the transaction, the executive vice president owned 25,453 shares of the company’s stock, valued at $2,403,781.32. This represents a 13.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Walter Lynn Rice, Jr. sold 2,188 shares of the stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $94.31, for a total transaction of $206,350.28. Following the transaction, the chief accounting officer owned 8,154 shares in the company, valued at approximately $769,003.74. The trade was a 21.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 10,488 shares of company stock worth $988,396 in the last 90 days. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Unum Group

A number of hedge funds have recently made changes to their positions in UNM. SHP Wealth Management acquired a new stake in Unum Group during the fourth quarter worth about $25,000. MBM Wealth Consultants LLC acquired a new position in shares of Unum Group in the 1st quarter valued at about $29,000. CX Institutional grew its holdings in shares of Unum Group by 57.8% during the 3rd quarter. CX Institutional now owns 352 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 129 shares during the period. Nalls Sherbakoff Group LLC purchased a new stake in shares of Unum Group during the 4th quarter worth about $39,000. Finally, Ancora Advisors LLC purchased a new stake in shares of Unum Group during the 2nd quarter worth about $39,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Company Profile

Unum Group is an insurance company that provides employee benefits and related financial protection products to individuals, employers and their workforces. Its offerings include disability insurance, group and individual life insurance, accidental death and dismemberment coverage, long-term care insurance, and supplemental health benefits.

The company serves employers through workplace benefits programs, including absence-management and leave-administration services. Through its Colonial Life business, Unum also offers voluntary benefits such as accident, critical illness, hospital indemnity and dental insurance, which employees may obtain through the workplace.

Unum Group traces its history to 1848, when Union Mutual Life Insurance Company was established in Maine.