Unum Group (NYSE:UNM) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Unum Group has received a consensus rating of "Moderate Buy" from 13 brokerages, with an average target price of $91.15.
• The company recently boosted its quarterly dividend from $0.42 to $0.46 per share, representing a yield of 2.5%.
• Following a recent earnings report, Unum Group reported $2.07 earnings per share, missing analyst estimates by ($0.16), but showed a 4% increase in quarterly revenue compared to the previous year.

Unum Group (NYSE:UNM - Get Free Report) has been given an average rating of "Moderate Buy" by the thirteen brokerages that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $91.1538.

A number of analysts have recently commented on the company. Morgan Stanley cut their price objective on Unum Group from $85.00 to $79.00 and set an "equal weight" rating for the company in a research report on Monday, August 18th. Piper Sandler lifted their price target on Unum Group from $88.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, July 3rd. UBS Group set a $87.00 price target on Unum Group and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. lifted their price target on Unum Group from $87.00 to $96.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $95.00 price target (down from $100.00) on shares of Unum Group in a research note on Thursday, July 31st.

Hedge Funds Weigh In On Unum Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quintet Private Bank Europe S.A. acquired a new position in Unum Group during the second quarter worth $28,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Unum Group in the 1st quarter valued at $30,000. Legacy Investment Solutions LLC acquired a new position in shares of Unum Group in the 2nd quarter valued at $30,000. Atwood & Palmer Inc. lifted its stake in shares of Unum Group by 100.0% in the 2nd quarter. Atwood & Palmer Inc. now owns 400 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 200 shares during the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Unum Group in the 1st quarter valued at $35,000. Institutional investors and hedge funds own 86.57% of the company's stock.

Unum Group Stock Performance

UNM stock traded down $0.10 during trading on Friday, hitting $73.17. 337,382 shares of the company traded hands, compared to its average volume of 1,432,951. The stock's 50-day simple moving average is $74.50 and its 200 day simple moving average is $77.53. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market cap of $12.46 billion, a PE ratio of 8.75, a P/E/G ratio of 1.24 and a beta of 0.38. Unum Group has a 1 year low of $52.71 and a 1 year high of $84.48.

Unum Group (NYSE:UNM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.07 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.16). The business had revenue of $3.36 billion during the quarter, compared to analysts' expectations of $3.35 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The firm's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.16 earnings per share. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. On average, equities analysts expect that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 25th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.5%. This is an increase from Unum Group's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, July 25th. Unum Group's dividend payout ratio is presently 22.01%.

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.