Analysts Set Unum Group (NYSE:UNM) Target Price at $99.42

Unum Group (NYSE:UNM) has earned a consensus rating of “Moderate Buy” from the fourteen brokerages that are covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $99.4167.

A number of research firms have issued reports on UNM. Atlantic Securities set a $88.00 price objective on shares of Unum Group in a report on Wednesday, July 15th. UBS Group set a $94.00 target price on Unum Group in a research report on Tuesday, July 7th. JPMorgan Chase & Co. decreased their price target on Unum Group from $101.00 to $98.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Wells Fargo & Company raised their target price on shares of Unum Group from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Finally, Evercore restated an “outperform” rating and issued a $106.00 target price on shares of Unum Group in a research report on Tuesday, July 7th.

Insider Activity

In other Unum Group news, Director Timothy Keaney sold 4,300 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $94.02, for a total value of $404,286.00. Following the sale, the director owned 36,502 shares in the company, valued at approximately $3,431,918.04. The trade was a 10.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Lisa G. Iglesias sold 4,000 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $94.44, for a total transaction of $377,760.00. Following the sale, the executive vice president directly owned 25,453 shares of the company’s stock, valued at $2,403,781.32. This represents a 13.58% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 10,488 shares of company stock valued at $988,396. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Unum Group

Hedge funds have recently bought and sold shares of the business. SHP Wealth Management bought a new stake in shares of Unum Group in the 4th quarter worth $25,000. MBM Wealth Consultants LLC purchased a new stake in Unum Group during the first quarter worth about $29,000. Ancora Advisors LLC bought a new stake in Unum Group in the second quarter worth about $39,000. Nalls Sherbakoff Group LLC bought a new stake in Unum Group in the fourth quarter worth about $39,000. Finally, Trust Co. of Vermont purchased a new position in Unum Group in the second quarter valued at about $47,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Stock Performance

Shares of NYSE UNM opened at $93.86 on Thursday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $14.86 billion, a P/E ratio of 21.88, a P/E/G ratio of 1.01 and a beta of 0.27. Unum Group has a 12 month low of $69.02 and a 12 month high of $96.77. The stock has a 50 day moving average of $90.90 and a 200-day moving average of $84.82.

Unum Group (NYSE:UNM) last posted its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.16. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Unum Group had a net margin of 5.26% and a return on equity of 12.60%. Unum Group’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the company posted $1.92 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, equities research analysts predict that Unum Group will post 8.64 EPS for the current year.

Unum Group announced that its board has authorized a stock buyback plan on Wednesday, August 26th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Unum Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 24th were given a $0.505 dividend. 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 2.2%. The ex-dividend date was Friday, July 24th. Unum Group’s dividend payout ratio (DPR) is 47.09%.

About Unum Group

Unum Group is an insurance company that provides financial protection and employee benefits through workplace and individual products. Its offerings include disability insurance, life insurance, accident insurance, critical illness coverage, and related benefits designed to help individuals and families manage income loss and other financial risks.

The company serves employers, employees, and individual customers primarily in the United States, the United Kingdom, and Ireland. Its products are distributed through employers, insurance brokers, benefits advisers, and other intermediaries.