Bank of America Has Lowered Expectations for Unum Group (NYSE:UNM) Stock Price

Unum Group (NYSE:UNM) had its price objective lowered by research analysts at Bank of America from $83.00 to $77.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Bank of America‘s price target points to a potential downside of 2.46% from the company’s previous close.

Several other equities research analysts have also recently commented on the company. UBS Group boosted their price target on Unum Group from $81.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Jefferies Financial Group reissued a “buy” rating and issued a $115.00 price target on shares of Unum Group in a research note on Monday, January 5th. Wells Fargo & Company lowered their price target on Unum Group from $102.00 to $99.00 and set an “overweight” rating for the company in a research note on Friday, April 10th. JPMorgan Chase & Co. lowered their price target on Unum Group from $92.00 to $90.00 and set a “neutral” rating for the company in a research note on Friday, February 6th. Finally, Zacks Research raised Unum Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $92.91.

Unum Group Trading Up 1.8%

NYSE:UNM opened at $78.94 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.37 and a quick ratio of 0.37. Unum Group has a fifty-two week low of $68.28 and a fifty-two week high of $83.13. The stock’s 50-day moving average is $73.62 and its two-hundred day moving average is $75.67. The stock has a market cap of $12.75 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 1.69 and a beta of 0.19.

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

Insider Buying and Selling

In other news, Director Timothy F. Keaney sold 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $72.58, for a total transaction of $326,610.00. Following the completion of the transaction, the director directly owned 38,592 shares in the company, valued at $2,801,007.36. The trade was a 10.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lisa G. Iglesias sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $73.00, for a total value of $255,500.00. Following the transaction, the executive vice president owned 29,453 shares of the company’s stock, valued at approximately $2,150,069. This trade represents a 10.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 21,852 shares of company stock worth $1,590,734 over the last ninety days. Company insiders own 0.92% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Laurel Wealth Advisors LLC acquired a new position in shares of Unum Group during the fourth quarter worth approximately $25,000. SHP Wealth Management acquired a new position in shares of Unum Group during the fourth quarter worth approximately $25,000. Triumph Capital Management bought a new position in Unum Group in the third quarter worth $31,000. Ancora Advisors LLC lifted its position in Unum Group by 385.2% in the third quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 339 shares during the period. Finally, Nalls Sherbakoff Group LLC bought a new position in Unum Group in the fourth quarter worth $39,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

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.