Unum Group - UNM Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Unum Group in the last twelve months. There are currently 8 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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9 analysts have issued 1-year target prices for Unum Group's shares. Their UNM share price forecasts range from $37.00 to $50.00. On average, they anticipate the company's share price to reach $43.25 in the next year. This suggests that the stock has a possible downside of 0.1%.
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Unum Group's stock was trading at $41.03 at the beginning of the year. Since then, UNM shares have increased by 5.5% and is now trading at $43.30.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our UNM earnings forecast.

Unum Group (NYSE:UNM) posted its quarterly earnings results on Tuesday, January, 31st. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.46 by $0.03. The financial services provider had revenue of $3.01 billion for the quarter, compared to analysts' expectations of $3 billion. Unum Group had a trailing twelve-month return on equity of 12.98% and a net margin of 10.96%. The business's quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 EPS.
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Unum Group declared a quarterly dividend on Friday, January 13th. Investors of record on Friday, January 27th will be paid a dividend of $0.33 per share on Friday, February 17th. This represents a $1.32 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Thursday, January 26th.
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 3.14%. 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 20.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UNM will have a dividend payout ratio of 19.79% 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 of Directors has initiated a stock buyback program 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 purchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its shares are undervalued.

Unum Group issued an update on its FY 2022 earnings guidance on Tuesday, November, 8th. The company provided earnings per share guidance of $6.09-$6.31 for the period, compared to the consensus EPS estimate of $6.14. 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 many different institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.40%), Boston Common Asset Management LLC (0.20%), Assenagon Asset Management S.A. (0.15%), Gateway Investment Advisers LLC (0.13%), New York State Common Retirement Fund (0.13%) and Artemis Investment Management LLP (0.12%). Insiders that own company stock include Cherie Pashley, Christopher W Pyne, Christopher W Pyne, Lisa G Iglesias, Michael Q Simonds, Michael Q Simonds, Puneet Bhasin, 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 $43.30.

Unum Group (NYSE:UNM) has a market capitalization of $8.61 billion and generates $11.99 billion in revenue each year. The financial services provider earns $824.20 million in net income (profit) each year or $6.51 on an earnings per share basis.

The company employs 10,300 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.