Unum Group (NYSE:UNM – Get Free Report) had its price target decreased by research analysts at Keefe, Bruyette & Woods from $110.00 to $108.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 25.40% from the stock’s previous close.
Several other analysts have also weighed in on the company. Weiss Ratings raised Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Truist Financial increased their target price on Unum Group from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Zacks Research upgraded Unum Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. UBS Group set a $94.00 price target on Unum Group in a report on Tuesday, July 7th. Finally, Barclays upped their price target on Unum Group from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Unum Group presently has an average rating of “Moderate Buy” and a consensus price target of $99.25.
Unum Group Price Performance
Unum Group (NYSE:UNM – Get Free Report) last issued 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. Unum Group had a net margin of 5.26% and a return on equity of 12.60%. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the business posted $1.92 EPS. The company’s revenue for the quarter was up .3% 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 anticipate that Unum Group will post 8.72 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Unum Group
Large investors have recently modified their holdings of the stock. Laurel Wealth Advisors LLC acquired a new stake in shares of Unum Group during the fourth quarter worth $25,000. SHP Wealth Management acquired a new position in shares of Unum Group in the 4th quarter valued at $25,000. MBM Wealth Consultants LLC purchased a new position in Unum Group in the 1st quarter worth about $29,000. Triumph Capital Management purchased a new position in Unum Group in the 3rd quarter worth about $31,000. Finally, Ancora Advisors LLC raised its holdings in Unum Group by 385.2% during the 3rd quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock worth $33,000 after buying an additional 339 shares during the period. 86.57% of the stock is 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.
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