Unum Group (NYSE:UNM) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Unum Group (NYSE:UNM) have been given an average rating of “Moderate Buy” by the fourteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $93.2308.

UNM has been the topic of a number of recent research reports. Wolfe Research upgraded Unum Group to a “strong-buy” rating in a research note on Tuesday, September 16th. UBS Group set a $87.00 target price on Unum Group and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Evercore ISI dropped their target price on Unum Group from $100.00 to $96.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 30th. Morgan Stanley lifted their target price on Unum Group from $79.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Finally, Barclays lifted their target price on Unum Group from $92.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th.

Unum Group Trading Down 0.4%

Shares of UNM opened at $76.12 on Monday. The stock’s 50-day moving average is $74.44 and its two-hundred day moving average is $76.94. The stock has a market cap of $12.96 billion, a PE ratio of 9.11, a P/E/G ratio of 1.25 and a beta of 0.36. Unum Group has a 12 month low of $61.37 and a 12 month high of $84.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.07 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.16). The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.35 billion. Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.16 EPS. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Equities analysts forecast that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 24th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, October 24th. Unum Group’s payout ratio is presently 22.01%.

Institutional Trading of Unum Group

Several hedge funds and other institutional investors have recently bought and sold shares of UNM. Brighton Jones LLC bought a new stake in Unum Group in the fourth quarter valued at about $247,000. GAMMA Investing LLC increased its holdings in Unum Group by 11.9% in the first quarter. GAMMA Investing LLC now owns 8,834 shares of the financial services provider’s stock valued at $720,000 after buying an additional 941 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Unum Group by 3.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 34,243 shares of the financial services provider’s stock valued at $2,789,000 after buying an additional 1,173 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in Unum Group by 88.4% in the first quarter. Asset Management One Co. Ltd. now owns 17,302 shares of the financial services provider’s stock valued at $1,409,000 after buying an additional 8,120 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in Unum Group by 3.2% in the first quarter. Bessemer Group Inc. now owns 6,744 shares of the financial services provider’s stock valued at $549,000 after buying an additional 208 shares during the last quarter. 86.57% of the stock is owned by institutional investors.

Unum Group Company Profile

Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, Poland, and internationally. It operates through Unum US, Unum International, Colonial Life, and Closed Block segment. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.