Unum Group (NYSE:UNM) Price Target Raised to $99.00 at Evercore ISI

Unum Group (NYSE:UNM) had its price objective lifted by Evercore ISI from $96.00 to $99.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

UNM has been the topic of a number of other research reports. Wolfe Research raised Unum Group to a “strong-buy” rating in a report on Tuesday, September 16th. Wells Fargo & Company reduced their target price on Unum Group from $100.00 to $98.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. UBS Group set a $87.00 target price on Unum Group and gave the company a “neutral” rating in a report on Wednesday, July 30th. Barclays raised their target price on Unum Group from $92.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Finally, Morgan Stanley raised their target price on Unum Group from $79.00 to $81.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $94.67.

Unum Group Trading Down 1.8%

Shares of NYSE:UNM opened at $76.76 on Wednesday. The company has a market capitalization of $13.07 billion, a P/E ratio of 9.18, a P/E/G ratio of 1.23 and a beta of 0.37. Unum Group has a 1 year low of $66.81 and a 1 year high of $84.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. The business’s 50 day simple moving average is $75.36 and its 200 day simple moving average is $76.89.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Monday, November 3rd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.06). The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.31 billion. Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.13 EPS. Unum Group has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 24th will be given a $0.46 dividend. The ex-dividend date is Friday, October 24th. This represents a $1.84 annualized dividend and a yield of 2.4%. Unum Group’s dividend payout ratio (DPR) is currently 35.87%.

Hedge Funds Weigh In On Unum Group

Several large investors have recently bought and sold shares of UNM. Advisors Capital Management LLC raised its position in Unum Group by 2.2% during the 1st quarter. Advisors Capital Management LLC now owns 6,308 shares of the financial services provider’s stock worth $514,000 after purchasing an additional 136 shares during the last quarter. NDVR Inc. lifted its holdings in Unum Group by 3.3% during the 2nd quarter. NDVR Inc. now owns 4,526 shares of the financial services provider’s stock worth $366,000 after buying an additional 145 shares during the period. True Wealth Design LLC lifted its holdings in Unum Group by 36.2% during the 3rd quarter. True Wealth Design LLC now owns 587 shares of the financial services provider’s stock worth $46,000 after buying an additional 156 shares during the period. Waterfront Wealth Inc. lifted its holdings in Unum Group by 0.5% during the 2nd quarter. Waterfront Wealth Inc. now owns 29,350 shares of the financial services provider’s stock worth $2,370,000 after buying an additional 158 shares during the period. Finally, Ritholtz Wealth Management lifted its holdings in Unum Group by 0.4% during the 2nd quarter. Ritholtz Wealth Management now owns 42,327 shares of the financial services provider’s stock worth $3,418,000 after buying an additional 160 shares during the period. 86.57% of the stock is currently owned by institutional investors.

About Unum Group

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.