Unum Group - UNM Stock Forecast, Price & News

Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, and Poland. It operates through Unum US, Unum International, Colonial Life, and Closed Block segments. 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. It also provides group pension, individual life and corporate-owned life insurance, reinsurance pools and management operations, and other products. The company sells its products primarily to employers for the benefit of employees. Unum Group sells its products through field sales personnel, independent brokers, consultants, and independent contractor agency sales force. The company was founded in 1848 and is based in Chattanooga, Tennessee.

Unum Group Trading Up 0.1 %

NYSE:UNM traded up $0.03 on Monday, reaching $35.93. 1,153,097 shares of the company's stock were exchanged, compared to its average volume of 2,331,103. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $7.23 billion, a price-to-earnings ratio of 6.62, a price-to-earnings-growth ratio of 0.50 and a beta of 1.29. The business has a fifty day moving average of $33.81 and a 200-day moving average of $31.63. Unum Group has a 52-week low of $22.25 and a 52-week high of $37.49.

Unum Group (NYSE:UNM - Get Rating) last issued its quarterly earnings results on Thursday, May 5th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.55. The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3.02 billion. Unum Group had a net margin of 9.29% and a return on equity of 9.86%. The business's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.04 earnings per share. As a group, analysts expect that Unum Group will post 6.02 earnings per share for the current year.

Unum Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Friday, July 29th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.67%. This is a positive change from Unum Group's previous quarterly dividend of $0.30. The ex-dividend date is Thursday, July 28th. Unum Group's dividend payout ratio is presently 24.18%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on UNM shares. Citigroup started coverage on shares of Unum Group in a research report on Monday, May 23rd. They set a "neutral" rating and a $36.00 price target on the stock. Morgan Stanley boosted their price objective on shares of Unum Group from $34.00 to $37.00 and gave the company an "equal weight" rating in a report on Wednesday, August 3rd. StockNews.com lowered shares of Unum Group from a "buy" rating to a "hold" rating in a report on Thursday. Evercore ISI boosted their price objective on shares of Unum Group from $35.00 to $37.00 and gave the company an "in-line" rating in a report on Wednesday, July 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Unum Group from $34.00 to $36.00 in a report on Monday, July 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Unum Group presently has an average rating of "Hold" and an average target price of $32.89.

Insider Buying and Selling

In related news, EVP Christopher W. Pyne sold 7,149 shares of the company's stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $35.13, for a total transaction of $251,144.37. Following the sale, the executive vice president now directly owns 50,781 shares in the company, valued at $1,783,936.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Richard P. Mckenney sold 35,271 shares of the company's stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $36.49, for a total value of $1,287,038.79. Following the completion of the transaction, the chief executive officer now directly owns 990,367 shares of the company's stock, valued at $36,138,491.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher W. Pyne sold 7,149 shares of the company's stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $35.13, for a total value of $251,144.37. Following the completion of the transaction, the executive vice president now directly owns 50,781 shares of the company's stock, valued at $1,783,936.53. The disclosure for this sale can be found here. Insiders own 0.77% of the company's stock.