Unum Group (NYSE:UNM) Price Target Increased to $62.00 by Analysts at Truist Financial

Unum Group (NYSE:UNM) had its price objective upped by Truist Financial from $57.00 to $62.00 in a research report released on Thursday morning, Benzinga reports. Truist Financial currently has a buy rating on the financial services provider’s stock.

A number of other equities research analysts have also issued reports on the company. Wells Fargo & Company raised their price target on Unum Group from $64.00 to $66.00 and gave the stock an overweight rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. lifted their target price on Unum Group from $56.00 to $58.00 and gave the company an overweight rating in a research report on Tuesday, April 2nd. Morgan Stanley lifted their target price on Unum Group from $50.00 to $52.00 and gave the company an equal weight rating in a research report on Monday, April 15th. StockNews.com raised Unum Group from a hold rating to a buy rating in a research report on Wednesday, January 31st. Finally, The Goldman Sachs Group lifted their target price on Unum Group from $47.00 to $52.00 and gave the company a neutral rating in a research report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $57.38.

Unum Group Trading Down 0.1 %

Shares of UNM stock traded down $0.07 on Thursday, reaching $51.62. 983,565 shares of the company’s stock were exchanged, compared to its average volume of 1,243,274. Unum Group has a 52 week low of $41.75 and a 52 week high of $54.57. The company has a current ratio of 0.28, a quick ratio of 0.27 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $9.78 billion, a PE ratio of 7.67, a P/E/G ratio of 1.28 and a beta of 0.87. The company’s fifty day simple moving average is $51.55 and its 200 day simple moving average is $47.73.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. Unum Group had a return on equity of 16.02% and a net margin of 10.52%. The firm had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period last year, the company earned $1.87 EPS. Unum Group’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, analysts forecast that Unum Group will post 8.19 EPS for the current year.

Unum Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, April 26th will be given a dividend of $0.365 per share. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $1.46 dividend on an annualized basis and a yield of 2.83%. Unum Group’s payout ratio is 21.69%.

Insider Buying and Selling at Unum Group

In other news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. Following the completion of the sale, the executive vice president now owns 55,450 shares in the company, valued at approximately $2,772,500. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Unum Group news, CEO Richard P. Mckenney sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $49.15, for a total transaction of $2,457,500.00. Following the sale, the chief executive officer now owns 1,076,753 shares of the company’s stock, valued at approximately $52,922,409.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. Following the completion of the transaction, the executive vice president now directly owns 55,450 shares of the company’s stock, valued at approximately $2,772,500. The disclosure for this sale can be found here. Insiders sold a total of 81,000 shares of company stock worth $4,018,100 over the last three months. Corporate insiders own 0.93% of the company’s stock.

Hedge Funds Weigh In On Unum Group

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Unum Group by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 20,590,655 shares of the financial services provider’s stock valued at $931,109,000 after purchasing an additional 300,840 shares during the last quarter. Norges Bank purchased a new position in Unum Group during the 4th quarter worth approximately $590,489,000. FMR LLC lifted its stake in Unum Group by 1.9% during the 3rd quarter. FMR LLC now owns 12,585,614 shares of the financial services provider’s stock valued at $619,086,000 after acquiring an additional 236,136 shares during the period. Donald Smith & CO. Inc. boosted its holdings in shares of Unum Group by 4.6% in the 4th quarter. Donald Smith & CO. Inc. now owns 3,687,182 shares of the financial services provider’s stock valued at $166,734,000 after acquiring an additional 163,682 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Unum Group by 9.7% in the third quarter. AQR Capital Management LLC now owns 3,545,767 shares of the financial services provider’s stock worth $174,416,000 after acquiring an additional 313,482 shares during the period. 86.57% of the stock is 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.