Analysts Set Unum Group (NYSE:UNM) PT at $55.44

Unum Group (NYSE:UNMGet Free Report) has been given a consensus rating of “Moderate Buy” by the nine research firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $55.44.

Several research firms have recently commented on UNM. Wells Fargo & Company lifted their price objective on Unum Group from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. upgraded Unum Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Morgan Stanley reduced their price target on Unum Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 15th. JPMorgan Chase & Co. upgraded Unum Group from a “neutral” rating to an “overweight” rating and set a $55.00 price target on the stock in a report on Wednesday, January 3rd. Finally, Truist Financial reduced their price target on Unum Group from $59.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, November 3rd.

Get Our Latest Stock Report on UNM

Insiders Place Their Bets

In other news, EVP Puneet Bhasin sold 8,188 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $42.39, for a total transaction of $347,089.32. Following the transaction, the executive vice president now directly owns 54,318 shares of the company’s stock, valued at $2,302,540.02. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.77% of the stock is owned by insiders.

Hedge Funds Weigh In On Unum Group

A number of large investors have recently made changes to their positions in UNM. Silver Oak Securities Incorporated purchased a new stake in Unum Group in the third quarter valued at $25,000. Resurgent Financial Advisors LLC purchased a new stake in shares of Unum Group during the 2nd quarter worth about $25,000. Contravisory Investment Management Inc. purchased a new stake in shares of Unum Group during the 4th quarter worth about $25,000. Huntington National Bank boosted its stake in shares of Unum Group by 1,076.4% during the 2nd quarter. Huntington National Bank now owns 647 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 592 shares in the last quarter. Finally, Bangor Savings Bank raised its position in shares of Unum Group by 100.0% during the 3rd quarter. Bangor Savings Bank now owns 664 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 332 shares during the last quarter. 79.37% of the stock is owned by institutional investors and hedge funds.

Unum Group Stock Up 1.5 %

Shares of NYSE:UNM opened at $48.45 on Friday. The business’s 50 day simple moving average is $45.68 and its two-hundred day simple moving average is $46.89. The firm has a market cap of $9.45 billion, a P/E ratio of 7.46, a PEG ratio of 0.72 and a beta of 0.87. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.29 and a current ratio of 0.27. Unum Group has a 52-week low of $36.27 and a 52-week high of $52.15.

Unum Group (NYSE:UNMGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.07). Unum Group had a net margin of 10.36% and a return on equity of 16.03%. The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the previous year, the business posted $1.43 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. As a group, research analysts forecast that Unum Group will post 8.21 EPS for the current fiscal year.

Unum Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Friday, January 26th will be paid a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Thursday, January 25th. Unum Group’s payout ratio is currently 22.50%.

Unum Group announced that its Board of Directors has initiated a stock buyback program on Tuesday, October 31st that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the financial services provider to reacquire up to 5.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

About Unum Group

(Get Free Report

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 and Corporate segments. 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.

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Analyst Recommendations for Unum Group (NYSE:UNM)

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