Unum Group - UNM Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Unum Group in the last year. There are currently 1 sell rating, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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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8 brokerages have issued 1 year price objectives for Unum Group's stock. Their UNM share price forecasts range from $21.00 to $40.00. On average, they predict the company's share price to reach $32.89 in the next twelve months. This suggests that the stock has a possible downside of 16.4%.
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Unum Group's stock was trading at $24.57 at the start of the year. Since then, UNM shares have increased by 60.2% and is now trading at $39.36.
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Unum Group saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 4,420,000 shares, an increase of 21.4% from the July 15th total of 3,640,000 shares. Based on an average daily volume of 2,070,000 shares, the days-to-cover ratio is currently 2.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our UNM earnings forecast.

Unum Group (NYSE:UNM) posted its earnings results on Tuesday, November, 2nd. The financial services provider reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.16 by $0.13. The financial services provider earned $2.97 billion during the quarter, compared to analyst estimates of $2.96 billion. Unum Group had a net margin of 9.29% and a trailing twelve-month return on equity of 9.86%. During the same period in the previous year, the company posted $1.21 earnings per share.
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Unum Group announced a quarterly dividend on Friday, July 15th. Investors of record on Friday, July 29th will be given a dividend of $0.33 per share on Friday, August 19th. This represents a $1.32 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Thursday, July 28th. This is a positive change from the stock's previous quarterly dividend of $0.30.
Read our dividend analysis for UNM.

Unum Group (NYSE:UNM) pays an annual dividend of $1.32 per share and currently has a dividend yield of 3.39%. 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 24.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UNM will have a dividend payout ratio of 22.04% 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 authorized a share buyback plan on Monday, October 25th 2021, which allows the company to repurchase $250,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 4.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its stock is undervalued.

Unum Group updated its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share guidance of $6.09-$6.31 for the period, compared to the consensus EPS estimate of $5.16. 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "UNM."

Unum Group's stock is owned by a number of institutional and retail investors. Top institutional investors include FMR LLC (9.03%), State Street Corp (3.55%), Donald Smith & CO. Inc. (2.21%), Northern Trust Corp (0.87%), Victory Capital Management Inc. (0.63%) and AQR Capital Management LLC (0.55%). Insiders that own company stock include Cherie Pashley, Christopher W Pyne, Christopher W Pyne, Lisa G Iglesias, Michael Q Simonds, Michael Q Simonds, Richard P Mckenney, Richard P Mckenney, Timothy F Keaney and Timothy Gerald Arnold.
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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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One share of UNM stock can currently be purchased for approximately $39.36.

Unum Group (NYSE:UNM) has a market capitalization of $7.87 billion and generates $12.01 billion in revenue each year. The financial services provider earns $824.20 million in net income (profit) each year or $5.46 on an earnings per share basis.

The company employs 10,300 workers across the globe.

Unum Group was founded in 1848.

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.