Unum Group (NYSE:UNM) Price Target Raised to $99.00 at Evercore ISI

Unum Group (NYSE:UNM) had its price objective raised by stock analysts at Evercore ISI from $96.00 to $99.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Evercore ISI’s price target would indicate a potential upside of 28.18% from the company’s current price.

Other research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $95.00 price target (down from $100.00) on shares of Unum Group in a research report on Thursday, July 31st. Morgan Stanley upped their price objective on Unum Group from $79.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Barclays lifted their target price on Unum Group from $92.00 to $95.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. UBS Group set a $87.00 price target on Unum Group and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Unum Group in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $94.67.

Unum Group Stock Performance

Shares of UNM opened at $77.23 on Wednesday. Unum Group has a one year low of $63.98 and a one year high of $84.48. The business has a fifty day moving average of $75.22 and a 200 day moving average of $76.89. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market capitalization of $13.15 billion, a P/E ratio of 9.36, a PEG ratio of 1.23 and a beta of 0.36.

Unum Group (NYSE:UNM) last released its quarterly earnings results on Monday, November 3rd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.06). Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the prior year, the firm earned $2.13 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. Unum Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Unum Group will post 9.14 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 the business. Advisors Capital Management LLC raised its position in shares of Unum Group by 2.2% during the first quarter. Advisors Capital Management LLC now owns 6,308 shares of the financial services provider’s stock valued at $514,000 after buying an additional 136 shares during the last quarter. NDVR Inc. increased its holdings in Unum Group by 3.3% in the 2nd quarter. NDVR Inc. now owns 4,526 shares of the financial services provider’s stock valued at $366,000 after acquiring an additional 145 shares during the last quarter. True Wealth Design LLC increased its holdings in Unum Group by 36.2% in the 3rd quarter. True Wealth Design LLC now owns 587 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 156 shares during the last quarter. Waterfront Wealth Inc. lifted its stake in Unum Group by 0.5% in the 2nd quarter. Waterfront Wealth Inc. now owns 29,350 shares of the financial services provider’s stock worth $2,370,000 after purchasing an additional 158 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in shares of Unum Group by 0.4% during the 2nd quarter. Ritholtz Wealth Management now owns 42,327 shares of the financial services provider’s stock valued at $3,418,000 after purchasing an additional 160 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.

Unum Group Company Profile

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.