Wolfe Research Issues Pessimistic Forecast for Unum Group (NYSE:UNM) Stock Price

Unum Group (NYSE:UNM) had its target price decreased by equities research analysts at Wolfe Research from $102.00 to $100.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Wolfe Research’s price objective would indicate a potential upside of 12.57% from the stock’s current price.

A number of other analysts have also weighed in on UNM. Weiss Ratings upgraded shares of Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Zacks Research raised Unum Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Morgan Stanley boosted their price objective on Unum Group from $80.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. Keefe, Bruyette & Woods reaffirmed a “moderate buy” rating and issued a $95.00 target price on shares of Unum Group in a report on Thursday, March 26th. Finally, Bank of America dropped their target price on Unum Group from $83.00 to $77.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $96.18.

Unum Group Price Performance

NYSE:UNM traded down $3.50 during trading hours on Monday, hitting $88.84. The company’s stock had a trading volume of 1,339,568 shares, compared to its average volume of 1,513,720. Unum Group has a twelve month low of $68.28 and a twelve month high of $93.21. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a fifty day simple moving average of $85.37 and a 200-day simple moving average of $79.03. The company has a market capitalization of $14.19 billion, a P/E ratio of 19.32, a PEG ratio of 0.93 and a beta of 0.25.

Unum Group (NYSE:UNM) last posted its earnings results on Tuesday, April 28th. The financial services provider reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.07. Unum Group had a net margin of 5.86% and a return on equity of 12.60%. The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $2.91 billion. During the same quarter in the prior year, the business earned $2.04 earnings per share. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. On average, analysts anticipate that Unum Group will post 8.77 EPS for the current fiscal year.

Insider Transactions at Unum Group

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 12,000 shares of Unum Group stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $80.14, for a total transaction of $961,680.00. Following the transaction, the executive vice president directly owned 42,587 shares of the company’s stock, valued at approximately $3,412,922.18. The trade was a 21.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Unum Group

Several institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC bought a new stake in shares of Unum Group in the 4th quarter valued at $247,000. EverSource Wealth Advisors LLC boosted its position in Unum Group by 157.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,851 shares of the financial services provider’s stock valued at $149,000 after acquiring an additional 1,132 shares during the last quarter. Baird Financial Group Inc. grew its holdings in Unum Group by 26.6% during the 2nd quarter. Baird Financial Group Inc. now owns 7,939 shares of the financial services provider’s stock worth $641,000 after acquiring an additional 1,666 shares during the period. Brown Advisory Inc. raised its position in shares of Unum Group by 13.2% in the 2nd quarter. Brown Advisory Inc. now owns 6,445 shares of the financial services provider’s stock worth $520,000 after acquiring an additional 753 shares in the last quarter. Finally, Cresset Asset Management LLC lifted its stake in shares of Unum Group by 6.1% in the 2nd quarter. Cresset Asset Management LLC now owns 6,715 shares of the financial services provider’s stock valued at $542,000 after purchasing an additional 386 shares during the period. 86.57% of the stock is currently owned by institutional investors.

Key Unum Group News

Here are the key news stories impacting Unum Group this week:

• Positive Sentiment: Barclays raised its price target on Unum Group to $110 from $105 and reiterated an overweight rating, signaling increased confidence in the stock’s upside potential. Read More
• Positive Sentiment: Unum announced a $3.8 billion long-term care reinsurance transaction with Fortitude Re, which will cede part of its legacy LTC exposure and reduce statutory reserves tied to that business. Article Title
• Positive Sentiment: The deal should help lower balance-sheet risk and capital strain from long-term care liabilities, which investors often view as a key overhang for insurers like Unum. Article Title
• Neutral Sentiment: Unum also hosted M&A-related call materials and transcripts around the transaction, but these appear to be informational follow-up items rather than additional new catalysts. Article Title

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.