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 equities research analysts have issued 1 year price objectives for Unum Group's stock. Their UNM share price forecasts range from $37.00 to $57.00. On average, they expect the company's stock price to reach $47.00 in the next twelve months. This suggests a possible upside of 8.2% 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 5.9% and is now trading at $43.45.
View the best growth stocks for 2023 here.

Unum Group saw a increase in short interest in 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 trading volume of 1,760,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.4% of the company's stock 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) announced its earnings results on Tuesday, May, 2nd. The financial services provider reported $1.87 EPS for the quarter, beating the consensus estimate of $1.65 by $0.22. The financial services provider had revenue of $3.04 billion for the quarter, compared to analysts' expectations of $3.05 billion. Unum Group had a trailing twelve-month return on equity of 14.67% and a net margin of 11.78%. The company's quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.36 earnings per share.
Read the conference call transcript.

Unum Group declared a quarterly dividend on Friday, April 14th. Shareholders of record on Friday, April 28th will be paid a dividend of $0.33 per share on Friday, May 19th. This represents a $1.32 dividend on an annualized basis and a yield of 3.04%. 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 First Trust Dorsey Wright Momentum & Value ETF (DVLU), Invesco S&P MidCap Momentum ETF (XMMO), Cambria Value and Momentum ETF (VAMO), SPDR S&P Insurance ETF (KIE), AdvisorShares Dorsey Wright Alpha Equal Weight ETF (DWEQ), 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 $1.32 per share and currently has a dividend yield of 2.90%. 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 17.01% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for UNM.

Unum Group announced that its board has authorized a stock repurchase program on Thursday, December 1st 2022, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 2.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership 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 many different retail and institutional investors. Top institutional shareholders 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 $43.45.

Unum Group (NYSE:UNM) has a market capitalization of $8.56 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 $7.06 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.