Analysts Set Unum Group (NYSE:UNM) PT at $93.23

Unum Group (NYSE:UNM) has been given an average rating of “Moderate Buy” by the fourteen ratings firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $93.2308.

Several equities research analysts have recently issued reports on the company. Evercore ISI reduced their target price on Unum Group from $100.00 to $96.00 and set an “outperform” rating on the stock in a report on Wednesday, July 30th. Piper Sandler lifted their price target on Unum Group from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, July 3rd. Barclays lifted their price target on Unum Group from $92.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. UBS Group set a $87.00 price target on Unum Group and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Finally, Wolfe Research upgraded Unum Group to a “strong-buy” rating in a research report on Tuesday, September 16th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisors Capital Management LLC boosted its position in shares of 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 valued at $514,000 after buying an additional 136 shares during the period. NDVR Inc. boosted its position in shares of Unum Group by 3.3% during the second quarter. NDVR Inc. now owns 4,526 shares of the financial services provider’s stock valued at $366,000 after buying an additional 145 shares during the period. True Wealth Design LLC boosted its position in shares of Unum Group by 36.2% during the third quarter. True Wealth Design LLC now owns 587 shares of the financial services provider’s stock valued at $46,000 after buying an additional 156 shares during the period. Waterfront Wealth Inc. boosted its position in shares of Unum Group by 0.5% during the second quarter. Waterfront Wealth Inc. now owns 29,350 shares of the financial services provider’s stock valued at $2,370,000 after buying an additional 158 shares during the period. Finally, Ritholtz Wealth Management boosted its position in shares of Unum Group by 0.4% during the second quarter. Ritholtz Wealth Management now owns 42,327 shares of the financial services provider’s stock valued at $3,418,000 after buying an additional 160 shares during the period. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Unum Group Trading Up 0.1%

Shares of UNM stock opened at $74.78 on Monday. Unum Group has a 12-month low of $62.76 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 stock’s 50-day moving average price is $74.81 and its 200-day moving average price is $76.94. The stock has a market capitalization of $12.74 billion, a price-to-earnings ratio of 8.95, a price-to-earnings-growth ratio of 1.23 and a beta of 0.36.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.16). Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period last year, the firm posted $2.16 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts predict that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 24th will be given a $0.46 dividend. The ex-dividend date is Friday, October 24th. This represents a $1.84 annualized dividend and a yield of 2.5%. Unum Group’s dividend payout ratio (DPR) 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.