Unum Group - UNM Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Unum Group in the last year. There are currently 1 sell rating, 9 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.
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11 Wall Street analysts have issued 12 month price targets for Unum Group's stock. Their UNM share price forecasts range from $26.00 to $50.00. On average, they predict the company's share price to reach $39.60 in the next year. This suggests that the stock has a possible downside of 1.9%.
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Unum Group's stock was trading at $24.57 at the beginning of the year. Since then, UNM stock has increased by 64.3% and is now trading at $40.36.
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Unum Group saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 5,210,000 shares, an increase of 32.6% from the October 15th total of 3,930,000 shares. Based on an average trading volume of 1,500,000 shares, the days-to-cover ratio is presently 3.5 days. Currently, 2.6% of the company's shares are sold short.
View Unum Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023.
View our UNM earnings forecast.

Unum Group (NYSE:UNM) released its quarterly earnings results on Tuesday, November, 2nd. The financial services provider reported $1.03 earnings per share (EPS) 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 analysts' expectations of $2.96 billion. Unum Group had a net margin of 9.98% and a trailing twelve-month return on equity of 11.38%. During the same quarter in the previous year, the firm earned $1.21 earnings per share.
Read the conference call transcript.

Unum Group declared a quarterly dividend on Friday, October 14th. Stockholders of record on Friday, October 28th will be paid a dividend of $0.33 per share on Friday, November 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Thursday, October 27th.
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 3.21%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 22.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UNM will have a dividend payout ratio of 21.02% 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 initiated a stock repurchase program on Thursday, December 1st 2022, which authorizes the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Unum Group updated its FY 2022 earnings guidance on Tuesday, November, 8th. The company provided EPS 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 BlackRock Inc. (11.57%), Vanguard Group Inc. (9.85%), Dimensional Fund Advisors LP (4.40%), State Street Corp (3.45%), Donald Smith & CO. Inc. (2.18%) and LSV Asset Management (1.56%). 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 $40.36.

Unum Group (NYSE:UNM) has a market capitalization of $8.03 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 $5.90 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.