Unum Group (NYSE:UNM) Receives $99.00 Consensus Target Price from Analysts

Unum Group (NYSE:UNM) has received a consensus recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $99.4167.

Several research analysts have recently weighed in on the stock. Jefferies Financial Group upped their price target on shares of Unum Group from $117.00 to $123.00 and gave the company a “buy” rating in a report on Friday, July 10th. JPMorgan Chase & Co. cut their target price on Unum Group from $101.00 to $98.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Morgan Stanley upped their price target on Unum Group from $87.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Monday. Truist Financial raised their price target on shares of Unum Group from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Wolfe Research lowered their price objective on shares of Unum Group from $102.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday, July 6th.

Institutional Investors Weigh In On Unum Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC bought a new position in Unum Group in the fourth quarter valued at approximately $25,000. SHP Wealth Management bought a new stake in shares of Unum Group during the 4th quarter worth approximately $25,000. MBM Wealth Consultants LLC bought a new stake in shares of Unum Group during the 1st quarter worth approximately $29,000. Triumph Capital Management acquired a new stake in shares of Unum Group in the 3rd quarter valued at approximately $31,000. Finally, Ancora Advisors LLC boosted its holdings in shares of Unum Group by 385.2% in the 3rd quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock valued at $33,000 after buying an additional 339 shares during the last quarter. 86.57% of the stock is owned by institutional investors.

Unum Group Stock Performance

UNM stock opened at $89.80 on Friday. Unum Group has a 1-year low of $68.70 and a 1-year high of $94.55. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. The firm has a market cap of $14.22 billion, a PE ratio of 20.93, a P/E/G ratio of 0.95 and a beta of 0.26. The business’s 50-day moving average price is $89.29 and its two-hundred day moving average price is $81.91.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the company earned $1.92 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, research analysts forecast that Unum Group will post 8.65 earnings per share for the current year.

Unum Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 24th were given a $0.505 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 2.2%. This is an increase from Unum Group’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, July 24th. Unum Group’s payout ratio is 47.09%.

About Unum Group

Unum Group (NYSE: UNM) is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.

In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.