Unum Group (UNM) Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Unum Group in the last year. There are currently 7 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" UNM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in UNM, but not buy additional shares or sell existing shares.
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12 brokers have issued 12 month target prices for Unum Group's stock. Their UNM share price forecasts range from $37.00 to $57.00. On average, they predict the company's share price to reach $47.00 in the next year. This suggests a possible upside of 3.3% 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 start of the year. Since then, UNM shares have increased by 10.9% and is now trading at $45.51.
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Unum Group saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 2,670,000 shares, an increase of 17.1% from the April 30th total of 2,280,000 shares. Based on an average daily volume of 1,760,000 shares, the short-interest ratio is presently 1.5 days. Approximately 1.4% of the company's shares are short sold.
View Unum Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our UNM earnings forecast.

Unum Group (NYSE:UNM) issued its quarterly earnings results on Tuesday, May, 2nd. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.22. The financial services provider earned $3.04 billion during the quarter, compared to analysts' expectations of $3.05 billion. Unum Group had a net margin of 11.78% and a trailing twelve-month return on equity of 14.67%. The firm's revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.36 earnings per share.
Read the conference call transcript.

Unum Group declared a quarterly dividend on Friday, April 14th. Stockholders of record on Friday, April 28th will be given a dividend of $0.33 per share on Friday, May 19th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Thursday, April 27th.
Read our dividend analysis for UNM.

ETFs with the largest weight of Unum Group (NYSE:UNM) stock in their portfolio include Invesco S&P MidCap Momentum ETF (XMMO), Cambria Value and Momentum ETF (VAMO), SPDR S&P Insurance ETF (KIE), First Trust Financial AlphaDEX Fund (FXO), Invesco S&P MidCap Value with Momentum ETF (XMVM), Invesco S&P MidCap 400 Pure Value ETF (RFV), iShares U.S. Insurance ETF (IAK) and First Trust SMID Cap Rising Dividend Archievers ETF (SDVY).

Unum Group (NYSE:UNM) pays an annual dividend of $1.32 per share and currently has a dividend yield of 3.00%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 18.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UNM will have a dividend payout ratio of 16.97% 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 has authorized a share repurchase plan on Thursday, December 1st 2022, which authorizes the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 2.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are 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 a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.12%), FMR LLC (5.51%), Dimensional Fund Advisors LP (3.78%), State Street Corp (3.08%), Charles Schwab Investment Management Inc. (2.30%) and Donald Smith & CO. Inc. (1.93%). 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 $45.51.

Unum Group (NYSE:UNM) has a market capitalization of $8.97 billion and generates $11.95 billion in revenue each year. The financial services provider earns $1.31 billion in net income (profit) each year or $7.06 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.