Unum Group (NYSE:UNM) Receives $93.83 Consensus Price Target from Brokerages

Shares of Unum Group (NYSE:UNM) have earned an average rating of “Moderate Buy” from the fifteen ratings firms that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $93.8333.

Several research firms have commented on UNM. Keefe, Bruyette & Woods restated a “moderate buy” rating and issued a $95.00 target price on shares of Unum Group in a research report on Thursday, March 26th. Zacks Research upgraded shares of Unum Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Bank of America decreased their target price on shares of Unum Group from $83.00 to $77.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Wall Street Zen upgraded shares of Unum Group from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Wells Fargo & Company upped their target price on shares of Unum Group from $99.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th.

Insider Buying and Selling

In other news, EVP Christopher W. Pyne sold 4,852 shares of Unum Group stock in a transaction on Monday, March 16th. The stock was sold at an average price of $72.47, for a total transaction of $351,624.44. Following the transaction, the executive vice president directly owned 52,268 shares in the company, valued at approximately $3,787,861.96. This trade represents a 8.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Elizabeth Claire Ahmed sold 12,000 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $80.14, for a total transaction of $961,680.00. Following the sale, the executive vice president directly owned 42,587 shares of the company’s stock, valued at approximately $3,412,922.18. This represents a 21.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Unum Group

A number of institutional investors and hedge funds have recently modified their holdings of UNM. UBS Group AG lifted its position in shares of Unum Group by 5.4% in the 4th quarter. UBS Group AG now owns 1,356,916 shares of the financial services provider’s stock valued at $105,161,000 after acquiring an additional 68,957 shares in the last quarter. SG Americas Securities LLC lifted its position in Unum Group by 1,167.7% in the 4th quarter. SG Americas Securities LLC now owns 153,696 shares of the financial services provider’s stock worth $11,911,000 after buying an additional 141,572 shares in the last quarter. Qsemble Capital Management LP lifted its position in Unum Group by 245.9% in the 4th quarter. Qsemble Capital Management LP now owns 106,742 shares of the financial services provider’s stock worth $8,273,000 after buying an additional 75,885 shares in the last quarter. First Trust Advisors LP lifted its position in Unum Group by 4.0% in the 3rd quarter. First Trust Advisors LP now owns 5,734,937 shares of the financial services provider’s stock worth $446,063,000 after buying an additional 223,095 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in Unum Group in the 4th quarter worth approximately $1,898,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Price Performance

Shares of NYSE:UNM opened at $92.55 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.35. Unum Group has a fifty-two week low of $68.28 and a fifty-two week high of $92.97. The firm has a 50-day simple moving average of $81.34 and a 200 day simple moving average of $77.38. The company has a market cap of $14.79 billion, a PE ratio of 20.12, a P/E/G ratio of 0.94 and a beta of 0.24.

Unum Group (NYSE:UNM) last announced its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.07. Unum Group had a net margin of 5.86% and a return on equity of 12.60%. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $2.91 billion. During the same quarter in the prior year, the firm earned $2.04 EPS. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. On average, sell-side analysts anticipate that Unum Group will post 8.76 EPS for the current year.

Unum Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were given a $0.46 dividend. The ex-dividend date was Friday, April 24th. This represents a $1.84 annualized dividend and a yield of 2.0%. Unum Group’s dividend payout ratio is 40.00%.

Unum Group Company Profile

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.