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 7 hold ratings and 4 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.
View UNM analyst ratings or view top-rated stocks.

11 analysts have issued 1 year target prices for Unum Group's shares. Their UNM share price forecasts range from $37.00 to $53.00. On average, they predict the company's stock price to reach $46.50 in the next year. This suggests a possible upside of 18.3% 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 the year. Since then, UNM stock has decreased by 4.2% and is now trading at $39.31.
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Unum Group saw a drop in short interest in March. As of March 15th, there was short interest totaling 2,840,000 shares, a drop of 28.6% from the February 28th total of 3,980,000 shares. Based on an average daily trading volume, of 1,700,000 shares, the short-interest ratio is presently 1.7 days. Currently, 1.5% of the shares of the stock are sold short.
View Unum Group's Short Interest.

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) announced its earnings results on Wednesday, February, 1st. The financial services provider reported $1.43 earnings per share for the quarter, missing analysts' consensus estimates of $1.46 by $0.03. The financial services provider earned $3.01 billion during the quarter, compared to the consensus estimate of $3 billion. Unum Group had a net margin of 10.96% and a trailing twelve-month return on equity of 13.14%. The business's revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.89 earnings per share.
Read the conference call transcript.

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 yield of 3.36%. The ex-dividend date of this dividend is Thursday, January 26th.
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), AdvisorShares Dorsey Wright Alpha Equal Weight ETF (DWEQ), Invesco DWA Financial Momentum ETF (PFI), SPDR S&P Insurance ETF (KIE), Cambria Value and Momentum ETF (VAMO), Invesco S&P MidCap Value with Momentum ETF (XMVM) and First Trust Financial AlphaDEX Fund (FXO).

Unum Group (NYSE:UNM) pays an annual dividend of $1.32 per share and currently has a dividend yield of 3.47%. 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 18.72% 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 repurchase plan on Thursday, December 1st 2022, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 2.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board 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 a number of retail and institutional investors. Top institutional investors include Norges Bank (5.22%), Dimensional Fund Advisors LP (4.21%), Charles Schwab Investment Management Inc. (2.42%), Morgan Stanley (1.98%), Donald Smith & CO. Inc. (1.91%) and LSV Asset Management (1.47%). 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 and Timothy Gerald Arnold.
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 $39.31.

Unum Group (NYSE:UNM) has a market capitalization of $7.76 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 $6.51 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.