Unum Group (NYSE:UNM) Stock Now Rated “Moderate Buy” by Wall Street Analysts
by Danessa Lincoln · The Markets DailyShares of Unum Group (NYSE:UNM – Get Free Report) have been given an average rating of “Moderate Buy” by the fourteen brokerages that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $99.42.
Several equities research analysts have commented on the company. Morgan Stanley boosted their target price on Unum Group from $87.00 to $92.00 and gave the company an “equal weight” rating in a research note on Monday, August 24th. Evercore reiterated an “outperform” rating and issued a $106.00 price objective on shares of Unum Group in a report on Tuesday, July 7th. Wells Fargo & Company boosted their price objective on shares of Unum Group from $100.00 to $102.00 and gave the stock an “overweight” rating in a research report on Monday, October 12th. Barclays reduced their target price on shares of Unum Group from $110.00 to $109.00 and set an “overweight” rating for the company in a report on Wednesday, October 7th. Finally, UBS Group set a $94.00 target price on shares of Unum Group in a research report on Tuesday, July 7th.
View Our Latest Research Report on Unum Group
Unum Group Stock Performance
Shares of Unum Group stock opened at $92.28 on Monday. The firm has a market cap of $14.61 billion, a price-to-earnings ratio of 21.51, a price-to-earnings-growth ratio of 0.89 and a beta of 0.25. The stock’s 50-day moving average is $92.10 and its 200-day moving average is $87.22. Unum Group has a one year low of $69.02 and a one year high of $96.77. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.34 and a quick ratio of 0.34.
Unum Group (NYSE:UNM – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share for the quarter, hitting the consensus estimate of $2.16. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.26%. Unum Group’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.92 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Equities analysts predict that Unum Group will post 8.64 earnings per share for the current fiscal year.
Unum Group announced that its Board of Directors has approved a stock repurchase program on Wednesday, August 26th that allows the company to buy back $1.00 billion in shares. This buyback authorization allows the financial services provider to purchase up to 7% of its stock through open market purchases. Share buyback programs are usually an indication that the company’s management believes its shares are undervalued.
Unum Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, October 30th will be given a dividend of $0.5050 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.02 annualized dividend and a yield of 2.2%. Unum Group’s payout ratio is 47.09%.
Insider Transactions at Unum Group
In related news, Director Timothy Keaney sold 4,300 shares of Unum Group stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $94.02, for a total value of $404,286.00. Following the sale, the director owned 36,502 shares of the company’s stock, valued at approximately $3,431,918.04. The trade was a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Walter Lynn Rice, Jr. sold 2,188 shares of Unum Group stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $94.31, for a total value of $206,350.28. Following the completion of the sale, the chief accounting officer directly owned 8,154 shares in the company, valued at approximately $769,003.74. This represents a 21.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 10,488 shares of company stock worth $988,396 in the last three months. Insiders own 1.00% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. Prosperity Consulting Group LLC grew its stake in shares of Unum Group by 1.6% in the first quarter. Prosperity Consulting Group LLC now owns 8,157 shares of the financial services provider’s stock valued at $596,000 after buying an additional 128 shares in the last quarter. CX Institutional increased its holdings in Unum Group by 57.8% during the third quarter. CX Institutional now owns 352 shares of the financial services provider’s stock worth $31,000 after buying an additional 129 shares during the last quarter. Fragasso Financial Advisors Inc raised its position in Unum Group by 4.9% during the third quarter. Fragasso Financial Advisors Inc now owns 2,901 shares of the financial services provider’s stock worth $266,000 after acquiring an additional 135 shares in the last quarter. D.A. Davidson & CO. raised its position in Unum Group by 1.9% during the first quarter. D.A. Davidson & CO. now owns 7,922 shares of the financial services provider’s stock worth $579,000 after acquiring an additional 144 shares in the last quarter. Finally, WPG Advisers LLC raised its position in Unum Group by 12.5% during the second quarter. WPG Advisers LLC now owns 1,301 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 145 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors.
Unum Group Company Profile
Unum Group is an insurance company that provides employee benefits and related protection products through employers, as well as selected individual policies. Its offerings are designed to help people manage the financial impact of illness, injury, death and other unexpected events.
The company’s products include short-term and long-term disability insurance, group and individual life insurance, accidental death and dismemberment coverage, and supplemental health benefits such as accident, critical illness and hospital indemnity insurance.
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