Unum Group’s (UNM) Buy (B) Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their buy (b) rating on shares of Unum Group (NYSE:UNM) in a report released on Friday,Weiss Ratings reports.

Several other equities research analysts also recently issued reports on UNM. Keefe, Bruyette & Woods restated an “outperform” rating and set a $95.00 target price (down previously from $100.00) on shares of Unum Group in a research report on Thursday, July 31st. Morgan Stanley increased 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. Piper Sandler increased their target price on Unum Group from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, July 3rd. 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. Finally, Wells Fargo & Company dropped their target price on Unum Group from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $93.23.

Unum Group Price Performance

Unum Group stock opened at $76.12 on Friday. Unum Group has a 12 month low of $61.37 and a 12 month high of $84.48. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. The business’s 50 day simple moving average is $74.44 and its 200 day simple moving average is $76.94. The company has a market cap of $12.96 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 1.25 and a beta of 0.36.

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

Unum Group Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Quintet Private Bank Europe S.A. bought a new position in Unum Group in the second quarter valued at $28,000. Vermillion & White Wealth Management Group LLC bought a new position in Unum Group in the first quarter valued at $30,000. Legacy Investment Solutions LLC bought a new position in Unum Group in the second quarter valued at $30,000. Atwood & Palmer Inc. increased its stake in Unum Group by 100.0% in the second quarter. Atwood & Palmer Inc. now owns 400 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 200 shares during the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in Unum Group in the first quarter valued at $35,000. Institutional investors own 86.57% of the company’s stock.

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.