Unum Group (NYSE:UNM) Price Target Lowered to $98.00 at JPMorgan Chase & Co.

Unum Group (NYSE:UNM) had its price objective lowered by investment analysts at JPMorgan Chase & Co. from $101.00 to $98.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 8.24% from the company’s current price.

A number of other brokerages also recently weighed in on UNM. 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 research note on Thursday. Barclays raised their price target on Unum Group from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Morgan Stanley boosted their price objective on Unum Group from $80.00 to $87.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. Jefferies Financial Group upped their target price on shares of Unum Group from $117.00 to $123.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Evercore reaffirmed an “outperform” rating and issued a $106.00 target price on shares of Unum Group in a research note on Tuesday, July 7th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Unum Group presently has a consensus rating of “Moderate Buy” and an average price target of $99.00.

Unum Group Price Performance

NYSE:UNM traded up $4.43 on Monday, reaching $90.54. The stock had a trading volume of 486,200 shares, compared to its average volume of 1,517,806. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $14.33 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 0.90 and a beta of 0.26. Unum Group has a 1-year low of $68.28 and a 1-year high of $93.21. The stock has a fifty day moving average price of $88.14 and a 200-day moving average price of $80.31.

Unum Group (NYSE:UNM) last posted its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.16. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Unum Group had a net margin of 5.26% and a return on equity of 12.60%. Unum Group’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.92 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Research analysts forecast that Unum Group will post 8.7 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UNM. Prosperity Consulting Group LLC increased its holdings in shares of Unum Group by 1.6% in the first quarter. Prosperity Consulting Group LLC now owns 8,157 shares of the financial services provider’s stock worth $596,000 after acquiring an additional 128 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of Unum Group by 1.9% during the 1st quarter. D.A. Davidson & CO. now owns 7,922 shares of the financial services provider’s stock worth $579,000 after acquiring an additional 144 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Unum Group by 5.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,781 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 149 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of Unum Group by 0.4% in the fourth quarter. Larson Financial Group LLC now owns 37,864 shares of the financial services provider’s stock valued at $2,934,000 after buying an additional 159 shares during the period. Finally, Arkadios Wealth Advisors grew its stake in shares of Unum Group by 3.0% during the first quarter. Arkadios Wealth Advisors now owns 5,459 shares of the financial services provider’s stock worth $399,000 after buying an additional 159 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.

Unum Group Company Profile

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.