Unum Group (NYSE:UNM) Receives $91.14 Consensus Target Price from Brokerages

Unum Group (NYSE:UNM) has earned a consensus rating of “Moderate Buy” from the fifteen analysts that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $91.1429.

A number of analysts have commented on UNM shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $95.00 target price (down from $100.00) on shares of Unum Group in a report on Thursday, July 31st. Piper Sandler upped their target price on shares of Unum Group from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, July 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Unum Group in a report on Saturday, September 27th. Barclays set a $96.00 target price on shares of Unum Group and gave the company an “overweight” rating in a report on Monday, July 7th. Finally, Evercore ISI reduced their target price on shares of Unum Group from $100.00 to $96.00 and set an “outperform” rating for the company in a report on Wednesday, July 30th.

Unum Group Stock Down 1.0%

Shares of Unum Group stock opened at $78.60 on Thursday. The company has a market cap of $13.39 billion, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 1.34 and a beta of 0.36. The company’s 50 day moving average is $72.95 and its 200 day moving average is $77.14. Unum Group has a twelve month low of $60.39 and a twelve month high of $84.48. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.16). The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.35 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the company earned $2.16 EPS. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Research analysts anticipate that Unum Group will post 9.14 EPS for the current year.

Unum Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 25th were issued a dividend of $0.46 per share. This is an increase from Unum Group’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, July 25th. Unum Group’s dividend payout ratio is currently 22.01%.

Institutional Trading of Unum Group

A number of hedge funds and other institutional investors have recently modified their holdings of UNM. Quintet Private Bank Europe S.A. purchased a new stake in shares of Unum Group in the second quarter worth $28,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Unum Group in the first quarter worth $30,000. Legacy Investment Solutions LLC purchased a new stake in shares of Unum Group in the second quarter worth $30,000. Atwood & Palmer Inc. increased its stake in shares of Unum Group by 100.0% in the second quarter. Atwood & Palmer Inc. now owns 400 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 200 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Unum Group in the first quarter worth $35,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Unum Group Company Profile

Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, Poland, and internationally. It operates through Unum US, Unum International, Colonial Life, and Closed Block segment. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.