Unum Group (NYSE:UNM) Stock Has Average Target Price of $99.33 According to Analysts

Unum Group (NYSE:UNM) has received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $99.42.

A number of research analysts have weighed in on the company. Wolfe Research reduced their price target on Unum Group from $102.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday, July 6th. Jefferies Financial Group increased their target price on Unum Group from $117.00 to $123.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Barclays cut their price objective on shares of Unum Group from $110.00 to $109.00 and set an “overweight” rating on the stock in a report on Wednesday, October 7th. Wells Fargo & Company lifted their target price on Unum Group from $100.00 to $102.00 and gave the company an “overweight” rating in a report on Monday, October 12th. Finally, UBS Group set a $94.00 price target on Unum Group in a research report on Tuesday, July 7th.

Unum Group Stock Down 0.1%

Shares of NYSE:UNM opened at $92.28 on Monday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $14.61 billion, a P/E ratio of 21.51, a P/E/G ratio of 0.90 and a beta of 0.25. Unum Group has a 52-week low of $69.02 and a 52-week high of $96.77. The stock’s fifty day simple moving average is $92.10 and its 200-day simple moving average is $87.12.

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

Unum Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, October 30th will be given a dividend of $0.5050 per share. This represents a $2.02 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, October 30th. Unum Group’s payout ratio is 47.09%.

Unum Group declared that its board has authorized a stock buyback plan on Wednesday, August 26th that allows the company to buy back $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to repurchase up to 7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Insider Activity

In related news, CAO Lynn Jr sold 2,188 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $94.31, for a total transaction of $206,350.28. Following the completion of the sale, the chief accounting officer directly owned 8,154 shares of the company’s stock, valued at approximately $769,003.74. This trade represents a 21.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lisa Iglesias sold 4,000 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president directly owned 25,453 shares in the company, valued at $2,403,781.32. This represents a 13.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 10,488 shares of company stock worth $988,396. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Unum Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Prosperity Consulting Group LLC lifted its holdings in Unum Group by 1.6% in the first quarter. Prosperity Consulting Group LLC now owns 8,157 shares of the financial services provider’s stock worth $596,000 after acquiring an additional 128 shares during the last quarter. CX Institutional grew its holdings in shares of Unum Group by 57.8% during the third quarter. CX Institutional now owns 352 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 129 shares during the last quarter. Fragasso Financial Advisors Inc lifted its stake in Unum Group by 4.9% in the third quarter. Fragasso Financial Advisors Inc now owns 2,901 shares of the financial services provider’s stock valued at $266,000 after buying an additional 135 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Unum Group by 1.9% during the first quarter. D.A. Davidson & CO. now owns 7,922 shares of the financial services provider’s stock valued at $579,000 after acquiring an additional 144 shares during the period. Finally, WPG Advisers LLC raised its holdings in shares of Unum Group by 12.5% during the second quarter. WPG Advisers LLC now owns 1,301 shares of the financial services provider’s stock valued at $116,000 after buying an additional 145 shares during the last quarter. 86.57% of the stock is owned by institutional investors.

Unum Group Company Profile

Unum Group is an insurance company that provides employee benefits and related financial protection products to individuals, employers and their workforces. Its offerings include disability insurance, group and individual life insurance, accidental death and dismemberment coverage, long-term care insurance, and supplemental health benefits.

The company serves employers through workplace benefits programs, including absence-management and leave-administration services. Through its Colonial Life business, Unum also offers voluntary benefits such as accident, critical illness, hospital indemnity and dental insurance, which employees may obtain through the workplace.

Unum Group traces its history to 1848, when Union Mutual Life Insurance Company was established in Maine.