Unum Group (UNM) Stock Price, News & Analysis

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Unum Group in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" UNM shares.
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7 analysts have issued twelve-month target prices for Unum Group's shares. Their UNM share price targets range from $52.00 to $66.00. On average, they predict the company's stock price to reach $56.38 in the next twelve months. This suggests a possible upside of 11.0% from the stock's current price.
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Unum Group's stock was trading at $45.22 at the beginning of 2024. Since then, UNM shares have increased by 12.3% and is now trading at $50.79.
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Unum Group saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 4,480,000 shares, an increase of 89.8% from the February 29th total of 2,360,000 shares. Based on an average daily trading volume, of 1,430,000 shares, the short-interest ratio is presently 3.1 days. Approximately 2.4% of the company's shares are short sold.
View Unum Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our UNM earnings forecast.

Unum Group will be holding an earnings conference call on Wednesday, May 1st at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 609-800-9909 with passcode "5666159".

Unum Group (NYSE:UNM) issued its quarterly earnings results on Tuesday, January, 30th. The financial services provider reported $1.79 earnings per share for the quarter, missing analysts' consensus estimates of $1.86 by $0.07. The financial services provider earned $3.15 billion during the quarter, compared to analysts' expectations of $3.14 billion. Unum Group had a net margin of 10.36% and a trailing twelve-month return on equity of 16.03%. The company's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 EPS.
Read the conference call transcript.

Unum Group declared a quarterly dividend on Friday, April 12th. Investors of record on Friday, April 26th will be given a dividend of $0.365 per share on Friday, May 17th. This represents a $1.46 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Thursday, April 25th.
Read our dividend analysis for UNM.

Unum Group (NYSE:UNM) pays an annual dividend of $1.46 per share and currently has a dividend yield of 2.90%. The company has been increasing its dividend for 15 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 22.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UNM will have a dividend payout ratio of 16.65% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for UNM.

ETFs with the largest weight of Unum Group (NYSE:UNM) stock in their portfolio include Alpha Dog ETF (RUFF), iShares Focused Value Factor ETF (FOVL), SPDR S&P Insurance ETF (KIE), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), WBI BullBear Value 3000 ETF (WBIF), Invesco S&P MidCap Value with Momentum ETF (XMVM), First Trust Financial AlphaDEX Fund (FXO) and Invesco S&P MidCap 400 Pure Value ETF (RFV).

Unum Group declared that its Board of Directors has approved a stock buyback program on Tuesday, October 31st 2023, which authorizes the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 5.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Unum Group updated its FY 2024 earnings guidance on Tuesday, January, 30th. The company provided earnings per share (EPS) guidance of 8.200-8.350 for the period, compared to the consensus earnings per share estimate of 7.820. 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's stock is owned by a variety of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.17%), Portman Square Capital LLP (0.00%), Gateway Investment Advisers LLC (0.13%), D. Scott Neal Inc. (0.12%), Artemis Investment Management LLP (0.08%) and Hennessy Advisors Inc. (0.06%). Insiders that own company stock include Cherie Pashley, Christopher W Pyne, Christopher W Pyne, Elizabeth Claire Ahmed, Gloria C Larson, Lisa G Iglesias, Michael Q Simonds, Puneet Bhasin, Richard P Mckenney, Richard P Mckenney, Steven Andrew Zabel, Timothy Gerald Arnold and Walter Lynn Rice Jr.
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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