Unum Group Stock Price, News & Analysis (NYSE:UNM)

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Unum Group in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" UNM shares.
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8 Wall Street research analysts have issued 12-month price targets for Unum Group's stock. Their UNM share price targets range from $45.00 to $63.00. On average, they predict the company's share price to reach $54.50 in the next twelve months. This suggests a possible upside of 29.2% from the stock's current price.
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Unum Group's stock was trading at $41.03 at the beginning of the year. Since then, UNM stock has increased by 2.8% and is now trading at $42.17.
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Unum Group saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 2,630,000 shares, an increase of 48.6% from the October 31st total of 1,770,000 shares. Based on an average daily volume of 1,320,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.4% of the company's shares are sold short.
View Unum Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 30th 2024.
View our UNM earnings forecast.

Unum Group (NYSE:UNM) issued its quarterly earnings data on Tuesday, October, 31st. The financial services provider reported $1.94 EPS for the quarter, topping analysts' consensus estimates of $1.92 by $0.02. The financial services provider earned $3.09 billion during the quarter, compared to analyst estimates of $3.11 billion. Unum Group had a net margin of 10.07% and a trailing twelve-month return on equity of 15.54%. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.51 EPS.
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Unum Group announced a quarterly dividend on Friday, October 13th. Shareholders of record on Friday, October 27th will be given a dividend of $0.365 per share on Friday, November 17th. This represents a $1.46 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Thursday, October 26th.
Read our dividend analysis for UNM.

Unum Group (NYSE:UNM) pays an annual dividend of $1.46 per share and currently has a dividend yield of 3.38%. The company has been increasing its dividend for 15 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 23.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UNM will have a dividend payout ratio of 18.41% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for UNM.

ETFs with the largest weight of Unum Group (NYSE:UNM) stock in their portfolio include WBI BullBear Yield 3000 ETF (WBIG), Cambria Value and Momentum ETF (VAMO), Invesco S&P MidCap Momentum ETF (XMMO), iShares Focused Value Factor ETF (FOVL), SPDR S&P Insurance ETF (KIE), First Trust Financial AlphaDEX Fund (FXO), Invesco S&P MidCap Value with Momentum ETF (XMVM) and Invesco S&P MidCap 400 Pure Value ETF (RFV).

Unum Group declared that its board has initiated a stock buyback program on Tuesday, October 31st 2023, which authorizes the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 5.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its shares are undervalued.

Unum Group updated its FY 2023 earnings guidance on Tuesday, October, 31st. The company provided earnings per share guidance of $7.45-$7.76 for the period, compared to the consensus estimate of $7.73. The company issued revenue guidance of -.

37 employees have rated Unum Group Chief Executive Officer Rick McKenney on Glassdoor.com. Rick McKenney has an approval rating of 72% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Unum Group investors own include AT&T (T), AbbVie (ABBV), Pfizer (PFE), Verizon Communications (VZ), Enterprise Products Partners (EPD), JPMorgan Chase & Co. (JPM), International Business Machines (IBM), Altria Group (MO), Cisco Systems (CSCO) and Iron Mountain (IRM).

Unum Group's stock is owned by many different institutional and retail investors. Top institutional investors include FMR LLC (6.45%), Charles Schwab Investment Management Inc. (2.15%), Morgan Stanley (1.82%), AQR Capital Management LLC (1.82%), LSV Asset Management (1.46%) and Bank of New York Mellon Corp (1.28%). Insiders that own company stock include Cherie Pashley, Christopher W Pyne, Christopher W Pyne, Gloria C Larson, Lisa G Iglesias, Michael Q Simonds, Michael Q Simonds, Puneet Bhasin, Richard P Mckenney, Richard P Mckenney, Timothy F Keaney, Timothy Gerald Arnold and Walter Lynn Rice Jr.
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Shares of UNM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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