JPMorgan Chase & Co. Lowers Unum Group (NYSE:UNM) Price Target to $90.00

Unum Group (NYSE:UNMGet Free Report) had its price objective dropped by investment analysts at JPMorgan Chase & Co. from $92.00 to $90.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 20.53% from the stock’s previous close.

A number of other research analysts also recently commented on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Unum Group in a research note on Monday, December 29th. Evercore ISI set a $103.00 price target on shares of Unum Group in a report on Friday. Jefferies Financial Group reiterated a “buy” rating and set a $115.00 price target on shares of Unum Group in a research report on Monday, January 5th. Morgan Stanley set a $85.00 price objective on shares of Unum Group in a research report on Monday, December 15th. Finally, Barclays restated an “overweight” rating on shares of Unum Group in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $97.69.

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Unum Group Stock Down 1.3%

NYSE UNM opened at $74.67 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.32. The company has a market cap of $12.49 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 1.33 and a beta of 0.20. The company has a 50 day moving average of $77.02 and a 200-day moving average of $75.45. Unum Group has a 1-year low of $66.81 and a 1-year high of $84.48.

Unum Group (NYSE:UNMGet Free Report) last posted its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.19). The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.29 billion. Unum Group had a return on equity of 12.61% and a net margin of 5.65%.Unum Group’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business earned $2.03 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. On average, equities research analysts expect that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group announced that its Board of Directors has authorized a share repurchase program on Thursday, December 4th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 8.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Unum Group

In other news, CAO Walter Lynn Rice, Jr. sold 900 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $73.50, for a total value of $66,150.00. Following the completion of the transaction, the chief accounting officer owned 8,940 shares of the company’s stock, valued at $657,090. This represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Steven Andrew Zabel sold 7,500 shares of Unum Group stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $76.38, for a total transaction of $572,850.00. Following the sale, the executive vice president owned 113,807 shares in the company, valued at approximately $8,692,578.66. This represents a 6.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.92% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Unum Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in UNM. Laurel Wealth Advisors LLC bought a new stake in shares of Unum Group in the fourth quarter worth $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Unum Group in the 2nd quarter valued at about $30,000. Triumph Capital Management bought a new stake in shares of Unum Group in the 3rd quarter valued at about $31,000. Ancora Advisors LLC increased its stake in shares of Unum Group by 385.2% in the third quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock valued at $33,000 after buying an additional 339 shares during the period. Finally, Vermillion & White Wealth Management Group LLC raised its position in shares of Unum Group by 44.0% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 537 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 164 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

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About Unum Group

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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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