Unum Group (NYSE:UNM) Receives $88.29 Average PT from Brokerages

Shares of Unum Group (NYSE:UNM - Get Free Report) have received an average recommendation of "Moderate Buy" from the fourteen brokerages that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $88.29.

A number of equities research analysts have weighed in on UNM shares. Morgan Stanley upped their price target on shares of Unum Group from $76.00 to $83.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. UBS Group set a $89.00 target price on shares of Unum Group and gave the stock a "neutral" rating in a report on Friday, May 23rd. Barclays increased their target price on shares of Unum Group from $85.00 to $89.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. Piper Sandler lifted their price target on shares of Unum Group from $87.00 to $92.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Finally, BMO Capital Markets upped their price target on Unum Group from $95.00 to $102.00 and gave the company an "outperform" rating in a report on Monday, March 3rd.

Insider Activity at Unum Group

In related news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the business'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 transaction of $800,000.00. Following the transaction, the executive vice president now directly owns 51,170 shares of the company's stock, valued at approximately $4,093,600. The trade was a 16.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.92% of the stock is owned by insiders.

Institutional Investors Weigh In On Unum Group

A number of institutional investors have recently modified their holdings of UNM. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Unum Group during the first quarter worth $30,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Unum Group during the 1st quarter worth about $35,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Unum Group by 196.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478 shares of the financial services provider's stock valued at $39,000 after buying an additional 317 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in shares of Unum Group during the 4th quarter valued at about $45,000. Finally, Rossby Financial LCC bought a new stake in shares of Unum Group in the 1st quarter valued at approximately $46,000. Institutional investors and hedge funds own 86.57% of the company's stock.

Unum Group Price Performance

Shares of UNM stock traded up $0.77 during midday trading on Tuesday, reaching $80.47. 1,726,481 shares of the company were exchanged, compared to its average volume of 1,415,080. The company's 50 day moving average price is $79.62 and its two-hundred day moving average price is $77.26. The company has a market cap of $14.03 billion, a P/E ratio of 9.48, a PEG ratio of 1.22 and a beta of 0.43. Unum Group has a 12 month low of $49.63 and a 12 month high of $84.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30.

Unum Group (NYSE:UNM - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.15). The firm had revenue of $3.09 billion for 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 revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.12 earnings per share. On average, sell-side analysts expect that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 25th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, April 25th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.09%. Unum Group's dividend payout ratio is 19.79%.

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.