Brokerages Set Unum Group (NYSE:UNM) Target Price at $91.15

Shares of Unum Group (NYSE:UNM) have earned an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $91.1538.

Several research firms have recently weighed in on UNM. Morgan Stanley reduced their price target on shares of Unum Group from $85.00 to $79.00 and set an “equal weight” rating for the company in a report on Monday, August 18th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $95.00 price target (down previously from $100.00) on shares of Unum Group in a report on Thursday, July 31st. UBS Group set a $87.00 price target on shares of Unum Group and gave the company a “neutral” rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. upped their price target on shares of Unum Group from $87.00 to $96.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. Finally, Barclays set a $96.00 price target on shares of Unum Group and gave the company an “overweight” rating in a report on Monday, July 7th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp boosted its holdings in Unum Group by 4.0% during the first quarter. Fifth Third Bancorp now owns 3,558 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 136 shares during the last quarter. Advisors Capital Management LLC boosted its holdings in Unum Group by 2.2% during the first quarter. Advisors Capital Management LLC now owns 6,308 shares of the financial services provider’s stock worth $514,000 after purchasing an additional 136 shares during the last quarter. NDVR Inc. boosted its holdings in Unum Group by 3.3% during the second quarter. NDVR Inc. now owns 4,526 shares of the financial services provider’s stock worth $366,000 after purchasing an additional 145 shares during the last quarter. Waterfront Wealth Inc. boosted its holdings in Unum Group by 0.5% during the second quarter. Waterfront Wealth Inc. now owns 29,350 shares of the financial services provider’s stock worth $2,370,000 after purchasing an additional 158 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in Unum Group by 0.4% during the second quarter. Ritholtz Wealth Management now owns 42,327 shares of the financial services provider’s stock worth $3,418,000 after purchasing an additional 160 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Stock Down 0.7%

Shares of NYSE:UNM opened at $73.21 on Friday. Unum Group has a 52 week low of $52.71 and a 52 week high of $84.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market capitalization of $12.47 billion, a PE ratio of 8.76, a PEG ratio of 1.24 and a beta of 0.38. The company has a 50 day moving average price of $74.50 and a two-hundred day moving average price of $77.53.

Unum Group (NYSE:UNM) last issued its earnings results 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 the consensus estimate of $3.35 billion. During the same period in the previous year, the company posted $2.16 EPS. The firm’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. Analysts forecast that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 25th were issued a dividend of $0.46 per share. The ex-dividend date was Friday, July 25th. This is a positive change from Unum Group’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 2.5%. Unum Group’s dividend payout ratio is currently 22.01%.

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.