Unum Group (NYSE:UNM) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Unum Group (NYSE:UNM) had its price objective raised by stock analysts at JPMorgan Chase & Co. from $90.00 to $101.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 14.56% from the stock’s current price.

Several other research firms have also recently commented on UNM. Wells Fargo & Company boosted their price target on shares of Unum Group from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Bank of America reduced their price objective on shares of Unum Group from $83.00 to $77.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Evercore reaffirmed an “outperform” rating and set a $106.00 price objective on shares of Unum Group in a research report on Tuesday, July 7th. Keefe, Bruyette & Woods reiterated a “moderate buy” rating and set a $95.00 target price on shares of Unum Group in a research note on Thursday, March 26th. Finally, UBS Group set a $94.00 target price on shares of Unum Group in a research note on Tuesday, July 7th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $98.17.

Unum Group Stock Down 0.8%

Shares of UNM traded down $0.69 during midday trading on Tuesday, hitting $88.16. The company had a trading volume of 126,879 shares, compared to its average volume of 1,499,106. The company’s 50-day simple moving average is $87.39 and its 200-day simple moving average is $79.81. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market capitalization of $14.09 billion, a P/E ratio of 19.16, a P/E/G ratio of 0.89 and a beta of 0.25. Unum Group has a 1 year low of $68.28 and a 1 year high of $93.21.

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

Insiders Place Their Bets

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $80.14, for a total transaction of $961,680.00. Following the sale, the executive vice president owned 42,587 shares of the company’s stock, valued at approximately $3,412,922.18. This trade represents a 21.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Unum Group

Several hedge funds and other institutional investors have recently bought and sold shares of UNM. Norges Bank purchased a new stake in Unum Group in the 4th quarter valued at $1,108,919,000. Zurich Insurance Group Ltd FI purchased a new position in Unum Group during the 4th quarter worth $58,860,000. Alyeska Investment Group L.P. grew its position in Unum Group by 365.3% during the 4th quarter. Alyeska Investment Group L.P. now owns 930,534 shares of the financial services provider’s stock worth $72,116,000 after purchasing an additional 730,534 shares during the last quarter. AQR Capital Management LLC increased its stake in Unum Group by 35.1% in the third quarter. AQR Capital Management LLC now owns 2,339,289 shares of the financial services provider’s stock valued at $181,622,000 after purchasing an additional 607,684 shares during the period. Finally, Two Sigma Investments LP increased its stake in Unum Group by 127.3% in the third quarter. Two Sigma Investments LP now owns 864,485 shares of the financial services provider’s stock valued at $67,240,000 after purchasing an additional 484,107 shares during the period. 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.