Truist Financial Raises Unum Group (NYSE:UNM) Price Target to $96.00

Unum Group (NYSE:UNM) had its target price upped by Truist Financial from $88.00 to $96.00 in a report issued on Thursday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Truist Financial’s price target would indicate a potential upside of 18.81% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $115.00 price objective on shares of Unum Group in a research note on Monday, January 5th. Wells Fargo & Company dropped their price objective on shares of Unum Group from $102.00 to $99.00 and set an “overweight” rating for the company in a research note on Friday, April 10th. Morgan Stanley dropped their price objective on shares of Unum Group from $85.00 to $80.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 3rd. Wall Street Zen upgraded shares of Unum Group from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Barclays reiterated an “overweight” rating on shares of Unum Group in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Unum Group has an average rating of “Moderate Buy” and a consensus price target of $93.17.

Unum Group Stock Performance

Shares of UNM stock opened at $80.80 on Thursday. The company has a market capitalization of $13.01 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 0.82 and a beta of 0.19. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.35. The company has a 50-day simple moving average of $74.95 and a 200 day simple moving average of $75.74. Unum Group has a 52 week low of $68.28 and a 52 week high of $83.13.

Unum Group (NYSE:UNM) last announced its earnings results on Tuesday, April 28th. The financial services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $2.07 by $0.07. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $2.91 billion. Unum Group had a net margin of 5.86% and a return on equity of 12.60%. Unum Group’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.04 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. On average, sell-side analysts predict that Unum Group will post 8.72 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Christopher W. Pyne sold 4,852 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $72.47, for a total value of $351,624.44. Following the completion of the transaction, the executive vice president directly owned 52,268 shares in the company, valued at approximately $3,787,861.96. The trade was a 8.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy F. Keaney sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $72.58, for a total transaction of $326,610.00. Following the completion of the transaction, the director owned 38,592 shares of the company’s stock, valued at $2,801,007.36. The trade was a 10.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 33,852 shares of company stock worth $2,552,414. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Unum Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Algebris UK Ltd. increased its position in Unum Group by 95.7% during the 3rd quarter. Algebris UK Ltd. now owns 389,463 shares of the financial services provider’s stock worth $30,269,000 after purchasing an additional 190,454 shares in the last quarter. State of Alaska Department of Revenue increased its position in Unum Group by 53.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 69,128 shares of the financial services provider’s stock worth $5,376,000 after purchasing an additional 24,101 shares in the last quarter. SG Americas Securities LLC increased its position in Unum Group by 1,167.7% during the 4th quarter. SG Americas Securities LLC now owns 153,696 shares of the financial services provider’s stock worth $11,911,000 after purchasing an additional 141,572 shares in the last quarter. Allianz Asset Management GmbH increased its position in Unum Group by 63.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 2,516,126 shares of the financial services provider’s stock worth $195,704,000 after purchasing an additional 978,937 shares in the last quarter. Finally, Vest Financial LLC increased its position in Unum Group by 5.5% during the 3rd quarter. Vest Financial LLC now owns 653,527 shares of the financial services provider’s stock worth $50,831,000 after purchasing an additional 33,807 shares in the last quarter. 86.57% of the stock is currently 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.