Unum Group (UNM) – Analysts’ Weekly Ratings Changes

Unum Group (NYSE: UNM) recently received a number of ratings updates from brokerages and research firms:

• 11/1/2024 – Unum Group had its price target raised by analysts at Truist Financial Co. from $70.00 to $75.00. They now have a “buy” rating on the stock.
• 10/30/2024 – Unum Group had its price target raised by analysts at Barclays PLC from $72.00 to $74.00. They now have an “overweight” rating on the stock.
• 10/30/2024 – Unum Group had its price target raised by analysts at Evercore ISI from $59.00 to $66.00. They now have an “in-line” rating on the stock.
• 10/30/2024 – Unum Group had its price target raised by analysts at Morgan Stanley from $62.00 to $64.00. They now have an “equal weight” rating on the stock.
• 10/10/2024 – Unum Group had its price target raised by analysts at Wells Fargo & Company from $69.00 to $71.00. They now have an “overweight” rating on the stock.
• 10/10/2024 – Unum Group had its price target raised by analysts at Bank of America Co. from $54.00 to $63.00. They now have a “neutral” rating on the stock.
• 10/9/2024 – Unum Group was upgraded by analysts at UBS Group AG to a “hold” rating.
• 10/8/2024 – Unum Group had its price target lowered by analysts at Barclays PLC from $73.00 to $72.00. They now have an “overweight” rating on the stock.
• 10/3/2024 – Unum Group had its price target lowered by analysts at JPMorgan Chase & Co. from $65.00 to $63.00. They now have an “overweight” rating on the stock.
• 9/27/2024 – Unum Group had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $66.00 price target on the stock, up previously from $64.00.

Unum Group Stock Performance

UNM opened at $71.04 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32. The firm has a market cap of $12.97 billion, a PE ratio of 7.69, a P/E/G ratio of 1.05 and a beta of 0.76. The business has a fifty day simple moving average of $61.20 and a 200-day simple moving average of $55.62. Unum Group has a fifty-two week low of $41.86 and a fifty-two week high of $71.44.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The firm had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter last year, the business posted $1.94 EPS. Unum Group’s revenue was up 4.0% on a year-over-year basis. As a group, equities analysts predict that Unum Group will post 8.52 EPS for the current fiscal year.

Unum Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 25th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.37%. The ex-dividend date is Friday, October 25th. Unum Group’s dividend payout ratio (DPR) is currently 18.18%.

Insider Activity

In other Unum Group news, EVP Christopher W. Pyne sold 3,250 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $70.02, for a total transaction of $227,565.00. Following the completion of the sale, the executive vice president now directly owns 50,762 shares in the company, valued at approximately $3,554,355.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Unum Group news, EVP Christopher W. Pyne sold 3,250 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $70.02, for a total value of $227,565.00. Following the transaction, the executive vice president now owns 50,762 shares in the company, valued at approximately $3,554,355.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Walter Lynn Rice, Jr. sold 1,500 shares of Unum Group stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $69.56, for a total transaction of $104,340.00. Following the sale, the chief accounting officer now directly owns 8,361 shares of the company’s stock, valued at $581,591.16. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,545 shares of company stock worth $4,380,074 over the last quarter. Corporate insiders own 0.93% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of UNM. BNP Paribas Financial Markets increased its stake in shares of Unum Group by 116.3% during the 1st quarter. BNP Paribas Financial Markets now owns 34,606 shares of the financial services provider’s stock worth $1,857,000 after purchasing an additional 18,604 shares during the last quarter. Sei Investments Co. boosted its holdings in Unum Group by 105.8% during the first quarter. Sei Investments Co. now owns 377,627 shares of the financial services provider’s stock valued at $20,263,000 after acquiring an additional 194,125 shares during the period. QRG Capital Management Inc. boosted its stake in Unum Group by 3.1% during the 1st quarter. QRG Capital Management Inc. now owns 12,560 shares of the financial services provider’s stock valued at $674,000 after purchasing an additional 375 shares during the period. Bleakley Financial Group LLC increased its position in Unum Group by 5.3% in the 1st quarter. Bleakley Financial Group LLC now owns 5,645 shares of the financial services provider’s stock worth $303,000 after buying an additional 283 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of Unum Group by 8.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 177,593 shares of the financial services provider’s stock worth $9,530,000 after buying an additional 13,171 shares during the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

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.