Unum Group (UNM) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Unum Group in the last year. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" UNM shares.
View UNM analyst ratings or view top-rated stocks.

9 brokers have issued 12 month price objectives for Unum Group's shares. Their UNM share price forecasts range from $42.00 to $63.00. On average, they anticipate the company's share price to reach $53.78 in the next twelve months. This suggests a possible upside of 8.8% from the stock's current price.
View analysts price targets for UNM or view top-rated stocks among Wall Street analysts.

Unum Group's stock was trading at $41.03 at the beginning of 2023. Since then, UNM shares have increased by 20.5% and is now trading at $49.44.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 31st 2023.
View our UNM earnings forecast.

Unum Group will be holding an earnings conference call on Wednesday, November 1st at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "5666159".

Unum Group (NYSE:UNM) released its quarterly earnings results on Tuesday, August, 1st. The financial services provider reported $2.06 EPS for the quarter, topping analysts' consensus estimates of $1.87 by $0.19. The financial services provider had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.07 billion. Unum Group had a net margin of 11.90% and a trailing twelve-month return on equity of 15.10%.
Read the conference call transcript.

Unum Group declared a quarterly dividend on Friday, July 14th. Stockholders of record on Friday, July 28th will be given a dividend of $0.365 per share on Friday, August 18th. This represents a $1.46 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Thursday, July 27th. This is a positive change from the stock's previous quarterly dividend of $0.33.
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 (NYSE:UNM) pays an annual dividend of $1.46 per share and currently has a dividend yield of 2.92%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 20.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UNM will have a dividend payout ratio of 18.34% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for UNM.

Unum Group declared that its Board of Directors has approved a share repurchase plan on Thursday, December 1st 2022, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "UNM."

Unum Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.83%), Dimensional Fund Advisors LP (3.25%), State Street Corp (3.01%), Charles Schwab Investment Management Inc. (2.39%), Donald Smith & CO. Inc. (1.89%) and Geode Capital Management LLC (1.48%). 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.
View institutional ownership trends.

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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One share of UNM stock can currently be purchased for approximately $49.44.

Unum Group (NYSE:UNM) has a market capitalization of $9.67 billion and generates $11.99 billion in revenue each year. The financial services provider earns $1.31 billion in net income (profit) each year or $7.21 on an earnings per share basis.

The company employs 10,937 workers across the globe.

Unum Group's mailing address is 1 FOUNTAIN SQUARE, CHATTANOOGA TN, 37402. The official website for the company is www.unum.com. The financial services provider can be reached via phone at (423) 294-1011, via email at investorrelations@unum.com, or via fax at 615-238-9898.