Brokerages Set Unum Group (NYSE:UNM) Target Price at $98.17

Shares of Unum Group (NYSE:UNM) have earned an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $99.25.

UNM has been the topic of several research reports. JPMorgan Chase & Co. boosted their target price on Unum Group from $90.00 to $101.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Truist Financial lifted their price objective on shares of Unum Group from $88.00 to $96.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Bank of America lowered their price objective on shares of Unum Group from $83.00 to $77.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Wells Fargo & Company increased their target price on shares of Unum Group from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Finally, Weiss Ratings raised shares of Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday.

Unum Group Stock Performance

Shares of Unum Group stock opened at $86.13 on Wednesday. The firm has a market cap of $13.63 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 0.91 and a beta of 0.25. The stock’s 50-day moving average is $88.14 and its 200-day moving average is $80.31. Unum Group has a one year low of $68.28 and a one year high of $93.21. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.34 and a quick ratio of 0.35.

Unum Group (NYSE:UNM) 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. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the prior year, the firm earned $1.92 earnings per share. Unum Group’s revenue for the quarter was up .3% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Equities analysts predict that Unum Group will post 8.72 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 24th will be given a dividend of $0.505 per share. This is a boost from Unum Group’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, July 24th. This represents a $2.02 annualized dividend and a yield of 2.3%. Unum Group’s payout ratio is presently 47.09%.

Hedge Funds Weigh In On Unum Group

Several hedge funds have recently modified their holdings of UNM. Laurel Wealth Advisors LLC bought a new stake in Unum Group during the fourth quarter worth about $25,000. SHP Wealth Management bought a new position in Unum Group in the fourth quarter valued at approximately $25,000. MBM Wealth Consultants LLC acquired a new position in shares of Unum Group during the 1st quarter worth approximately $29,000. Triumph Capital Management acquired a new position in shares of Unum Group during the 3rd quarter worth approximately $31,000. Finally, Ancora Advisors LLC raised its stake in shares of Unum Group by 385.2% during the 3rd quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 339 shares in the last quarter. Institutional investors own 86.57% of the company’s stock.

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.