Unum Group - UNM Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Unum Group in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 1 buy rating 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.
View UNM analyst ratings or view top-rated stocks.

8 equities research analysts have issued 12-month price objectives for Unum Group's shares. Their UNM share price forecasts range from $21.00 to $41.00. On average, they predict the company's share price to reach $33.33 in the next twelve months. This suggests that the stock has a possible downside of 15.2%.
View analysts price targets for UNM or view top-rated stocks among Wall Street analysts.

Unum Group's stock was trading at $24.57 on January 1st, 2022. Since then, UNM shares have increased by 60.1% and is now trading at $39.33.
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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 trading volume of 2,070,000 shares, the days-to-cover ratio is presently 2.1 days.
View Unum Group's Short Interest.

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 quarterly 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 the consensus estimate of $2.96 billion. Unum Group had a trailing twelve-month return on equity of 9.86% and a net margin of 9.29%. During the same quarter in the previous year, the company posted $1.21 EPS.
Read the conference call transcript.

Unum Group announced a quarterly dividend on Friday, July 15th. Investors of record on Friday, July 29th will be paid a dividend of $0.33 per share on Friday, August 19th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Thursday, July 28th. This is an increase 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 3.35%. 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 initiated a share repurchase plan on Monday, October 25th 2021, which allows the company to buyback $250,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 4.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

Unum Group issued an update on 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 earnings per share 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 retail and institutional 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 $39.33.

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.