Unum Group (NYSE:UNM) Receives $90.14 Average PT from Brokerages

Shares of Unum Group (NYSE:UNM - Get Free Report) have been given a consensus rating of "Moderate Buy" by the fourteen ratings firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $90.14.

Several analysts have issued reports on UNM shares. Wells Fargo & Company upped their price target on shares of Unum Group from $97.00 to $105.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Piper Sandler boosted their price objective on shares of Unum Group from $88.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. UBS Group set a $89.00 price target on Unum Group and gave the company a "neutral" rating in a report on Friday, May 23rd. Barclays set a $96.00 price objective on Unum Group and gave the company an "overweight" rating in a research report on Monday, July 7th. Finally, Morgan Stanley increased their target price on Unum Group from $83.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th.

Unum Group Stock Performance

Shares of NYSE UNM traded up $0.08 during mid-day trading on Friday, hitting $81.09. 739,647 shares of the company were exchanged, compared to its average volume of 1,330,089. The stock has a 50 day simple moving average of $80.36 and a 200-day simple moving average of $78.18. Unum Group has a 1-year low of $51.80 and a 1-year high of $84.48. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. The firm has a market cap of $14.14 billion, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 1.27 and a beta of 0.41.

Unum Group (NYSE:UNM - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $2.04 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.15). The business had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.34 billion. Unum Group had a net margin of 12.31% and a return on equity of 14.17%. The firm's quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.12 earnings per share. On average, sell-side analysts forecast that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 25th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.27%. This is a boost from Unum Group's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, July 25th. Unum Group's dividend payout ratio is presently 19.79%.

Insiders Place Their Bets

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $80.00, for a total value of $800,000.00. Following the sale, the executive vice president owned 51,170 shares in the company, valued at approximately $4,093,600. This trade represents a 16.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.92% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quintet Private Bank Europe S.A. bought a new stake in Unum Group during the second quarter worth approximately $28,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Unum Group during the 1st quarter valued at $30,000. Atwood & Palmer Inc. boosted its stake in shares of Unum Group by 100.0% during the 2nd quarter. Atwood & Palmer Inc. now owns 400 shares of the financial services provider's stock worth $32,000 after acquiring an additional 200 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Unum Group in the 1st quarter worth $35,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Unum Group by 196.9% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478 shares of the financial services provider's stock worth $39,000 after acquiring an additional 317 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.

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.