Wells Fargo & Company Lowers Unum Group (NYSE:UNM) Price Target to $102.00

Unum Group (NYSE:UNM) had its price objective cut by equities researchers at Wells Fargo & Company from $104.00 to $102.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price points to a potential upside of 43.32% from the stock’s current price.

A number of other equities analysts also recently commented on UNM. Barclays reiterated an “overweight” rating on shares of Unum Group in a research report on Friday, February 6th. Weiss Ratings lowered Unum Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 11th. UBS Group dropped their price objective on shares of Unum Group from $85.00 to $81.00 and set a “neutral” rating for the company in a report on Friday. Citigroup reaffirmed a “market perform” rating on shares of Unum Group in a research note on Thursday, December 18th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Unum Group from $92.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $96.58.

Unum Group Price Performance

Shares of Unum Group stock traded down $0.47 during trading hours on Wednesday, reaching $71.17. 262,694 shares of the company’s stock were exchanged, compared to its average volume of 1,469,356. The business has a fifty day moving average of $76.33 and a two-hundred day moving average of $75.28. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $11.65 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 1.58 and a beta of 0.20. Unum Group has a 1 year low of $66.81 and a 1 year high of $84.48.

Unum Group (NYSE:UNM) last announced its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.19). Unum Group had a net margin of 5.65% and a return on equity of 12.62%. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same period in the prior year, the company posted $2.03 EPS. The firm’s revenue was up .2% on a year-over-year basis. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, research analysts predict that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group declared that its Board of Directors has authorized a share repurchase plan on Thursday, December 4th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to buy up to 8.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Unum Group

In other Unum Group news, Director Timothy F. Keaney sold 4,500 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $72.58, for a total value of $326,610.00. Following the transaction, the director directly owned 38,592 shares in the company, valued at $2,801,007.36. This represents a 10.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Cynthia Egan sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $73.00, for a total transaction of $657,000.00. Following the sale, the director directly owned 42,846 shares in the company, valued at approximately $3,127,758. The trade was a 17.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 14,400 shares of company stock valued at $1,049,760. 0.93% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Unum Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Algebris UK Ltd. boosted its stake in shares of Unum Group by 95.7% during the third quarter. Algebris UK Ltd. now owns 389,463 shares of the financial services provider’s stock valued at $30,269,000 after acquiring an additional 190,454 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of 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 valued at $5,376,000 after acquiring an additional 24,101 shares in the last quarter. Swedbank AB acquired a new position in Unum Group during the 3rd quarter worth approximately $14,644,000. Strs Ohio lifted its holdings in Unum Group by 12.2% in the 2nd quarter. Strs Ohio now owns 44,360 shares of the financial services provider’s stock worth $3,583,000 after buying an additional 4,814 shares in the last quarter. Finally, Vest Financial LLC raised its position in shares of Unum Group by 5.5% in the 3rd quarter. Vest Financial LLC now owns 653,527 shares of the financial services provider’s stock valued at $50,831,000 after purchasing an additional 33,807 shares in the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

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.