Unum Group (NYSE:UNM) Earns Buy (B) Rating from Weiss Ratings

Key Points

• Weiss Ratings has reissued a "buy (B)" rating for Unum Group (NYSE: UNM), indicating strong investor interest.
• Unum Group's stock saw a 0.4% increase on the latest trading day, reaching $78.55, with analysts projecting a consensus target price of $91.07.
• The company reported earnings per share (EPS) of $2.07 for the last quarter, which was below the consensus estimate of $2.23, though revenue of $3.36 billion exceeded expectations.

Unum Group (NYSE:UNM - Get Free Report)'s stock had its "buy (b)" rating reissued by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

UNM has been the subject of several other reports. UBS Group set a $87.00 target price on Unum Group and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Piper Sandler raised their target price on Unum Group from $88.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. Wells Fargo & Company cut their price target on Unum Group from $100.00 to $98.00 and set an "overweight" rating for the company in a research note on Wednesday. Morgan Stanley increased their price target on Unum Group from $79.00 to $81.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Finally, Evercore ISI cut their price target on Unum Group from $100.00 to $96.00 and set an "outperform" rating for the company in a research note on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Unum Group has a consensus rating of "Moderate Buy" and a consensus target price of $91.07.

Unum Group Stock Up 0.4%

NYSE UNM traded up $0.29 on Wednesday, reaching $78.55. The company had a trading volume of 405,890 shares, compared to its average volume of 1,420,260. Unum Group has a 52-week low of $60.48 and a 52-week high of $84.48. The stock has a market capitalization of $13.38 billion, a P/E ratio of 9.40, a P/E/G ratio of 1.33 and a beta of 0.36. The company's fifty day moving average is $72.90 and its 200 day moving average is $77.15. 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 - Get Free Report) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.16). Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The business had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.35 billion. During the same period in the prior year, the business earned $2.16 earnings per share. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Sell-side analysts anticipate that Unum Group will post 9.14 earnings per share for the current fiscal year.

Institutional Trading of Unum Group

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new stake in Unum Group in the 2nd quarter worth approximately $1,113,353,000. Invesco Ltd. increased its stake in Unum Group by 155.6% in the 1st quarter. Invesco Ltd. now owns 2,278,473 shares of the financial services provider's stock worth $185,604,000 after purchasing an additional 1,387,139 shares during the period. Nuveen LLC purchased a new position in Unum Group in the 1st quarter worth approximately $93,287,000. Teewinot Capital Advisers L.L.C. purchased a new position in Unum Group in the 1st quarter worth approximately $58,881,000. Finally, Assenagon Asset Management S.A. increased its stake in Unum Group by 228.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,033,700 shares of the financial services provider's stock worth $84,205,000 after purchasing an additional 719,152 shares during the period. Hedge funds and other institutional investors own 86.57% of the company's stock.

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.

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