Unum Group (NYSE:UNM) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts hold a moderately bullish view of Unum Group: Eight of 14 analysts rate the stock a buy and six recommend holding it, with an average 12-month price target of $99 versus its $87.75 opening price.
• Unum reported solid quarterly results: Earnings per share came in at $2.16, in line with estimates, while revenue of $3.39 billion exceeded the $2.90 billion consensus forecast. Analysts project approximately $8.65 in full-year EPS.
• The company raised its quarterly dividend to $0.505 per share, or $2.02 annually, producing a 2.3% yield; institutional investors own 86.57% of the stock.

Shares of Unum Group (NYSE:UNM - Get Free Report) have been given an average rating of "Moderate Buy" by the fourteen ratings firms that are covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $99.00.

Several equities analysts have recently commented on UNM shares. Barclays boosted their price target on shares of Unum Group from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, July 6th. Truist Financial increased their price objective on Unum Group from $88.00 to $96.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Weiss Ratings raised Unum Group from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, July 28th. Atlantic Securities set a $88.00 target price on Unum Group in a research note on Wednesday, July 15th. Finally, Wells Fargo & Company upped their target price on Unum Group from $100.00 to $101.00 and gave the stock an "overweight" rating in a research report on Thursday, July 9th.

Hedge Funds Weigh In On Unum Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC bought a new stake in Unum Group in the fourth quarter worth $25,000. SHP Wealth Management bought a new position in Unum Group during the fourth quarter valued at about $25,000. MBM Wealth Consultants LLC bought a new position in Unum Group during the first quarter valued at about $29,000. Triumph Capital Management acquired a new stake in shares of Unum Group in the third quarter worth about $31,000. Finally, Ancora Advisors LLC boosted its stake in shares of Unum Group by 385.2% during the 3rd quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider's stock worth $33,000 after acquiring an additional 339 shares in the last quarter. Institutional investors own 86.57% of the company's stock.

Unum Group Stock Performance

UNM stock opened at $87.75 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market cap of $13.89 billion, a P/E ratio of 20.45, a P/E/G ratio of 0.93 and a beta of 0.26. The firm has a 50 day simple moving average of $89.38 and a 200 day simple moving average of $81.70. Unum Group has a 52 week low of $68.70 and a 52 week high of $94.55.

Unum Group (NYSE:UNM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $2.16 EPS for the quarter, meeting analysts' consensus estimates of $2.16. The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $2.90 billion. Unum Group had a net margin of 5.26% and a return on equity of 12.60%. The firm's revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.92 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Research analysts anticipate that Unum Group will post 8.65 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 24th were issued 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 2.3%. The ex-dividend date was Friday, July 24th. Unum Group's dividend payout ratio is currently 47.09%.

Unum Group Company Profile

Unum Group NYSE: UNM is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.

In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.

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