Unum Group (NYSE:UNM) Price Target Raised to $82.00 at Piper Sandler

Unum Group (NYSE:UNM) had its price objective upped by Piper Sandler from $74.00 to $82.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s price target suggests a potential upside of 13.34% from the stock’s previous close.

UNM has been the topic of a number of other reports. Jefferies Financial Group raised their price target on Unum Group from $91.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. lowered their price target on Unum Group from $65.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Barclays increased their price objective on shares of Unum Group from $72.00 to $74.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Morgan Stanley boosted their target price on shares of Unum Group from $62.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company upped their target price on shares of Unum Group from $69.00 to $71.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Unum Group currently has an average rating of “Moderate Buy” and an average target price of $72.09.

Unum Group Stock Down 0.7 %

NYSE UNM traded down $0.51 during trading hours on Wednesday, reaching $72.35. 273,697 shares of the company’s stock traded hands, compared to its average volume of 1,250,814. The firm has a market cap of $13.21 billion, a PE ratio of 7.83, a PEG ratio of 1.06 and a beta of 0.79. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.28 and a quick ratio of 0.28. Unum Group has a 52-week low of $44.01 and a 52-week high of $77.63. The firm has a 50-day simple moving average of $69.52 and a 200 day simple moving average of $59.38.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.03. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The company had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter last year, the firm earned $1.94 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. Sell-side analysts anticipate that Unum Group will post 8.54 EPS for the current fiscal year.

Insider Activity

In other Unum Group news, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $69.56, for a total transaction of $104,340.00. Following the completion of the transaction, the chief accounting officer now directly owns 8,361 shares of the company’s stock, valued at approximately $581,591.16. This trade represents a 15.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $64.16, for a total transaction of $320,800.00. Following the completion of the sale, the executive vice president now directly owns 58,741 shares in the company, valued at approximately $3,768,822.56. The trade was a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 107,914 shares of company stock worth $7,998,745. Insiders own 0.93% of the company’s stock.

Hedge Funds Weigh In On Unum Group

A number of large investors have recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP acquired a new stake in shares of Unum Group in the third quarter worth approximately $31,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Unum Group in the second quarter valued at about $29,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Unum Group in the third quarter worth about $37,000. V Square Quantitative Management LLC grew its stake in Unum Group by 38.2% during the 3rd quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 194 shares in the last quarter. Finally, Innealta Capital LLC purchased a new position in Unum Group in the 2nd quarter worth approximately $40,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

About Unum Group

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.