Unum Group (NYSE:UNM) Given New $66.00 Price Target at Wells Fargo & Company

Unum Group (NYSE:UNM) had its target price upped by analysts at Wells Fargo & Company from $64.00 to $66.00 in a report issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 31.19% from the stock’s previous close.

A number of other equities analysts have also recently commented on UNM. JPMorgan Chase & Co. lifted their target price on Unum Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. StockNews.com upgraded Unum Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Finally, The Goldman Sachs Group lifted their target price on Unum Group from $47.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Unum Group currently has an average rating of “Moderate Buy” and an average target price of $56.50.

Unum Group Stock Performance

NYSE:UNM opened at $50.31 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.27 and a quick ratio of 0.27. Unum Group has a 1 year low of $39.40 and a 1 year high of $54.57. The stock’s 50 day simple moving average is $50.72 and its two-hundred day simple moving average is $47.55. The company has a market cap of $9.66 billion, a price-to-earnings ratio of 7.75, a PEG ratio of 0.75 and a beta of 0.87.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.07). Unum Group had a return on equity of 16.03% and a net margin of 10.36%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the previous year, the firm earned $1.43 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts anticipate that Unum Group will post 8.19 earnings per share for the current fiscal year.

Insider Activity at Unum Group

In other Unum Group news, CFO Steven Andrew Zabel sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $51.06, for a total value of $510,600.00. Following the sale, the chief financial officer now directly owns 122,246 shares in the company, valued at $6,241,880.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Steven Andrew Zabel sold 10,000 shares of Unum Group stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $51.06, for a total transaction of $510,600.00. Following the sale, the chief financial officer now owns 122,246 shares in the company, valued at $6,241,880.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lisa G. Iglesias sold 16,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $50.00, for a total value of $800,000.00. Following the completion of the transaction, the executive vice president now owns 40,840 shares in the company, valued at approximately $2,042,000. The disclosure for this sale can be found here. Over the last three months, insiders sold 81,000 shares of company stock worth $4,018,100. Company insiders own 0.94% of the company’s stock.

Institutional Investors Weigh In On Unum Group

A number of institutional investors have recently added to or reduced their stakes in UNM. Raymond James Financial Services Advisors Inc. raised its position in shares of Unum Group by 4.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 61,304 shares of the financial services provider’s stock worth $1,932,000 after buying an additional 2,370 shares during the period. Cetera Advisor Networks LLC raised its position in shares of Unum Group by 33.2% in the 1st quarter. Cetera Advisor Networks LLC now owns 15,247 shares of the financial services provider’s stock worth $480,000 after buying an additional 3,799 shares during the period. Natixis Advisors L.P. purchased a new position in shares of Unum Group in the 1st quarter worth $348,000. Bank of Montreal Can raised its position in shares of Unum Group by 61.5% in the 1st quarter. Bank of Montreal Can now owns 76,618 shares of the financial services provider’s stock worth $2,422,000 after buying an additional 29,166 shares during the period. Finally, D.A. Davidson & CO. purchased a new position in shares of Unum Group in the 1st quarter worth $227,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

About Unum Group

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.