Wells Fargo & Company Boosts Unum Group (NYSE:UNM) Price Target to $100.00

Unum Group (NYSE:UNM) had its price target upped by research analysts at Wells Fargo & Company from $99.00 to $100.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 24.02% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the stock. Morgan Stanley cut their price objective on shares of Unum Group from $85.00 to $80.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 3rd. Weiss Ratings cut shares of Unum Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 27th. Bank of America cut 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. Barclays restated an “overweight” rating on shares of Unum Group in a report on Friday, February 6th. Finally, Wall Street Zen upgraded shares of Unum Group from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.25.

Unum Group Trading Up 0.5%

Shares of Unum Group stock traded up $0.39 during trading on Tuesday, reaching $80.63. 56,114 shares of the stock were exchanged, compared to its average volume of 1,583,421. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.35. The stock’s fifty day moving average is $74.95 and its 200 day moving average is $75.74. The firm has a market cap of $12.98 billion, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 0.82 and a beta of 0.24. Unum Group has a 1 year low of $68.28 and a 1 year high of $83.13.

Unum Group (NYSE:UNM) last released its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.07. Unum Group had a net margin of 5.86% and a return on equity of 12.60%. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $2.91 billion. During the same period in the prior year, the firm earned $2.04 earnings per share. Unum Group’s revenue 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, equities research analysts expect that Unum Group will post 8.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Unum Group

In other news, Director Cynthia Egan sold 9,000 shares of Unum Group stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $73.00, for a total transaction of $657,000.00. Following the sale, the director owned 42,846 shares in the company, valued at $3,127,758. This trade represents a 17.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Elizabeth Claire Ahmed sold 12,000 shares of Unum Group 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 in the company, valued at approximately $3,412,922.18. The trade was a 21.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 33,852 shares of company stock valued at $2,552,414. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Unum Group

Institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new stake in Unum Group in the fourth quarter worth about $1,108,919,000. First Trust Advisors LP increased its stake in Unum Group by 4.0% in the third quarter. First Trust Advisors LP now owns 5,734,937 shares of the financial services provider’s stock worth $446,063,000 after purchasing an additional 223,095 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Unum Group by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,653,246 shares of the financial services provider’s stock worth $438,127,000 after purchasing an additional 26,753 shares during the period. Dimensional Fund Advisors LP increased its stake in Unum Group by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,791,712 shares of the financial services provider’s stock worth $293,868,000 after purchasing an additional 13,832 shares during the period. Finally, Allianz Asset Management GmbH increased its stake in Unum Group by 63.7% in the third 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 during the period. 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.