Unum Group's (UNM) Buy (B) Rating Reiterated at Weiss Ratings

Key Points

• Unum Group's stock has maintained a "buy" rating from Weiss Ratings, indicating a positive outlook among analysts.
• Recent reports from multiple brokerages have set varying price targets, with most analysts rating the stock as a "Moderate Buy" and a consensus target price of $93.23.
• Unum Group reported a net revenue of $3.36 billion for the last quarter, exceeding the consensus estimate, despite an earnings per share (EPS) miss.

Unum Group (NYSE:UNM - Get Free Report)'s stock had its "buy (b)" rating restated by analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Several other brokerages have also issued reports on UNM. Wells Fargo & Company reduced their target price on shares of Unum Group from $100.00 to $98.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 8th. Barclays lifted their price target on shares of Unum Group from $92.00 to $95.00 and gave the company an "overweight" rating in a research note on Wednesday, October 8th. Evercore ISI cut their price target on shares of Unum Group from $100.00 to $96.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 30th. Piper Sandler boosted their price objective on shares of Unum Group from $88.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, July 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Unum Group from $87.00 to $96.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $93.23.

Unum Group Price Performance

Shares of Unum Group stock traded down $0.25 during mid-day trading on Friday, reaching $76.16. 352,276 shares of the stock were exchanged, compared to its average volume of 1,398,072. The company has a market cap of $12.97 billion, a price-to-earnings ratio of 9.11, a price-to-earnings-growth ratio of 1.25 and a beta of 0.36. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. The firm has a 50-day simple moving average of $74.30 and a 200 day simple moving average of $76.86. Unum Group has a fifty-two week low of $61.37 and a fifty-two week high of $84.48.

Unum Group (NYSE:UNM - Get Free Report) last issued 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). Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the prior year, the company earned $2.16 EPS. The firm's revenue 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. On average, sell-side analysts predict that Unum Group will post 9.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of UNM. Norges Bank purchased a new position in shares of Unum Group during the 2nd quarter valued at about $1,113,353,000. Invesco Ltd. boosted its holdings in Unum Group by 155.6% during the 1st quarter. Invesco Ltd. now owns 2,278,473 shares of the financial services provider's stock valued at $185,604,000 after acquiring an additional 1,387,139 shares during the period. Nuveen LLC purchased a new position in Unum Group during the 1st quarter valued at $93,287,000. Teewinot Capital Advisers L.L.C. purchased a new stake in shares of Unum Group in the 1st quarter worth $58,881,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Unum Group by 202.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 945,271 shares of the financial services provider's stock worth $77,512,000 after buying an additional 632,358 shares during the period. 86.57% of the stock is owned by hedge funds and other 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.

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