Unum Group (NYSE:UNM) Given New $101.00 Price Target at JPMorgan Chase & Co.

Unum Group (NYSE:UNM) had its price objective raised by JPMorgan Chase & Co. from $90.00 to $101.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Other equities research analysts have also issued research reports about the company. Wall Street Zen raised Unum Group from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Bank of America cut their target price on Unum Group from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Keefe, Bruyette & Woods reissued a “moderate buy” rating and issued a $95.00 price target on shares of Unum Group in a report on Thursday, March 26th. Wells Fargo & Company lifted their price target on Unum Group from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Finally, UBS Group set a $94.00 price objective on Unum Group in a report on Tuesday, July 7th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Unum Group presently has an average rating of “Moderate Buy” and a consensus target price of $98.17.

Unum Group Stock Performance

NYSE UNM opened at $88.40 on Tuesday. The firm has a market cap of $14.12 billion, a P/E ratio of 19.22, a P/E/G ratio of 0.89 and a beta of 0.25. Unum Group has a 52-week low of $68.28 and a 52-week high of $93.21. The business’s 50-day moving average price is $87.53 and its 200 day moving average price is $79.89. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.35.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, April 28th. The financial services provider reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.07. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $2.91 billion. Unum Group had a net margin of 5.86% and a return on equity of 12.60%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.04 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. On average, equities research analysts expect that Unum Group will post 8.75 earnings per share for the current year.

Unum Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 24th will be issued a dividend of $0.505 per share. This is an increase from Unum Group’s previous quarterly dividend of $0.46. This represents a $2.02 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, July 24th. Unum Group’s payout ratio is presently 40.00%.

Insiders Place Their Bets

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 12,000 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $80.14, for a total value of $961,680.00. Following the completion of the transaction, the executive vice president directly owned 42,587 shares of the company’s stock, valued at approximately $3,412,922.18. This trade represents a 21.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Unum Group

Several institutional investors have recently modified their holdings of UNM. Prosperity Consulting Group LLC boosted its position in Unum Group by 1.6% during the 1st quarter. Prosperity Consulting Group LLC now owns 8,157 shares of the financial services provider’s stock valued at $596,000 after purchasing an additional 128 shares during the period. D.A. Davidson & CO. grew its stake in Unum Group by 1.9% during the 1st quarter. D.A. Davidson & CO. now owns 7,922 shares of the financial services provider’s stock worth $579,000 after buying an additional 144 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Unum Group by 5.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,781 shares of the financial services provider’s stock worth $218,000 after buying an additional 149 shares during the period. Larson Financial Group LLC increased its position in Unum Group by 0.4% in the fourth quarter. Larson Financial Group LLC now owns 37,864 shares of the financial services provider’s stock worth $2,934,000 after buying an additional 159 shares during the period. Finally, Arkadios Wealth Advisors lifted its stake in Unum Group by 3.0% in the first quarter. Arkadios Wealth Advisors now owns 5,459 shares of the financial services provider’s stock valued at $399,000 after buying an additional 159 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

About Unum Group

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.