Brokerages Set Unum Group (NYSE:UNM) Target Price at $99.42

Unum Group (NYSE:UNM) has been assigned a consensus rating of “Moderate Buy” from the fourteen research firms that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $99.4167.

A number of equities analysts recently weighed in on UNM shares. UBS Group set a $94.00 price objective on shares of Unum Group in a research report on Tuesday, July 7th. Wolfe Research lowered their target price on Unum Group from $102.00 to $100.00 and set an “outperform” rating for the company in a research note on Monday, July 6th. Keefe, Bruyette & Woods reduced their price target on Unum Group from $110.00 to $108.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Weiss Ratings raised Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Finally, Wells Fargo & Company upped their target price on shares of Unum Group from $100.00 to $101.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th.

Insiders Place Their Bets

In other Unum Group news, Director Timothy F. Keaney sold 4,300 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $94.02, for a total value of $404,286.00. Following the completion of the sale, the director owned 36,502 shares in the company, valued at approximately $3,431,918.04. The trade was a 10.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Lynn Jr sold 2,188 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $94.31, for a total transaction of $206,350.28. Following the transaction, the chief accounting officer owned 8,154 shares in the company, valued at approximately $769,003.74. This trade represents a 21.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 10,488 shares of company stock valued at $988,396 over the last quarter. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Unum Group

Several institutional investors have recently added to or reduced their stakes in UNM. QRG Capital Management Inc. raised its stake in Unum Group by 10.8% during the 2nd quarter. QRG Capital Management Inc. now owns 14,359 shares of the financial services provider’s stock valued at $1,284,000 after acquiring an additional 1,404 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Unum Group by 1.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 18,806 shares of the financial services provider’s stock worth $1,681,000 after acquiring an additional 289 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Unum Group by 977.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 167,607 shares of the financial services provider’s stock valued at $14,984,000 after purchasing an additional 152,055 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Unum Group by 87.0% in the second quarter. Tidal Investments LLC now owns 14,062 shares of the financial services provider’s stock valued at $1,257,000 after purchasing an additional 6,544 shares during the period. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of Unum Group by 11.1% in the second quarter. Integrated Wealth Concepts LLC now owns 11,810 shares of the financial services provider’s stock valued at $1,056,000 after purchasing an additional 1,181 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Stock Up 1.4%

UNM stock opened at $94.67 on Thursday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average of $91.11 and a two-hundred day moving average of $85.10. Unum Group has a 12 month low of $69.02 and a 12 month high of $96.77. The company has a market cap of $14.99 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 0.99 and a beta of 0.27.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $2.16 EPS for the quarter, meeting the consensus estimate of $2.16. The firm 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%.The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the firm earned $1.92 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, analysts forecast that Unum Group will post 8.64 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 24th were paid a dividend of $0.505 per share. The ex-dividend date was Friday, July 24th. This represents a $2.02 annualized dividend and a yield of 2.1%. This is an increase from Unum Group’s previous quarterly dividend of $0.46. Unum Group’s dividend payout ratio (DPR) is 47.09%.

Unum Group announced that its board has approved a share buyback program on Wednesday, August 26th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Unum Group Company Profile

Unum Group is an insurance company that provides financial protection and employee benefits through workplace and individual products. Its offerings include disability insurance, life insurance, accident insurance, critical illness coverage, and related benefits designed to help individuals and families manage income loss and other financial risks.

The company serves employers, employees, and individual customers primarily in the United States, the United Kingdom, and Ireland. Its products are distributed through employers, insurance brokers, benefits advisers, and other intermediaries.