Keefe, Bruyette & Woods Lowers Unum Group (NYSE:UNM) Price Target to $108.00

Unum Group (NYSE:UNM) had its target price cut by investment analysts at Keefe, Bruyette & Woods from $110.00 to $108.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 29.34% from the stock’s current price.

UNM has been the subject of a number of other reports. Atlantic Securities set a $88.00 price target on Unum Group in a research report on Wednesday, July 15th. Zacks Research upgraded shares of Unum Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Morgan Stanley lifted their price objective on shares of Unum Group from $80.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. UBS Group set a $94.00 target price on shares of Unum Group in a research note on Tuesday, July 7th. Finally, Bank of America decreased their price target on shares of Unum Group from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $99.25.

Unum Group Stock Down 5.0%

UNM stock opened at $83.50 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.35 and a current ratio of 0.35. Unum Group has a fifty-two week low of $68.28 and a fifty-two week high of $93.21. The stock’s 50 day simple moving average is $88.06 and its 200 day simple moving average is $80.22. The company has a market cap of $13.34 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 0.92 and a beta of 0.25.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.16. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $2.90 billion. Unum Group had a net margin of 5.26% and a return on equity of 12.56%. Unum Group’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.92 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. On average, research analysts expect that Unum Group will post 8.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Unum Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UNM. Norges Bank purchased a new stake in Unum Group during the fourth quarter valued at about $1,108,919,000. Charles Schwab Investment Management Inc. increased its stake in shares of Unum Group by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,653,246 shares of the financial services provider’s stock worth $438,127,000 after purchasing an additional 26,753 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Unum Group by 7.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,084,382 shares of the financial services provider’s stock valued at $298,287,000 after purchasing an additional 292,670 shares during the period. AQR Capital Management LLC raised its position in shares of Unum Group by 35.1% in the third quarter. AQR Capital Management LLC now owns 2,339,289 shares of the financial services provider’s stock valued at $181,622,000 after purchasing an additional 607,684 shares during the period. Finally, UBS Group AG lifted its stake in shares of Unum Group by 5.4% during the 4th quarter. UBS Group AG now owns 1,356,916 shares of the financial services provider’s stock valued at $105,161,000 after buying an additional 68,957 shares in the last quarter. 86.57% of the stock is currently 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.