Unum Group (NYSE:UNM) Receives $57.38 Consensus PT from Brokerages

Unum Group (NYSE:UNM) has received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $57.38.

UNM has been the subject of several research analyst reports. StockNews.com upgraded Unum Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Truist Financial upped their price objective on Unum Group from $57.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Wells Fargo & Company upped their price objective on Unum Group from $64.00 to $66.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. The Goldman Sachs Group upped their price objective on Unum Group from $47.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Finally, JPMorgan Chase & Co. upped their price objective on Unum Group from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd.

Insider Buying and Selling

In related news, EVP Christopher W. Pyne sold 4,500 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $52.47, for a total transaction of $236,115.00. Following the completion of the sale, the executive vice president now directly owns 56,262 shares in the company, valued at approximately $2,952,067.14. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $50.00, for a total value of $250,000.00. Following the completion of the sale, the executive vice president now owns 55,450 shares of the company’s stock, valued at $2,772,500. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Christopher W. Pyne sold 4,500 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $52.47, for a total value of $236,115.00. Following the completion of the sale, the executive vice president now directly owns 56,262 shares of the company’s stock, valued at approximately $2,952,067.14. The disclosure for this sale can be found here. Insiders sold a total of 93,500 shares of company stock worth $4,675,095 in the last ninety days. 0.93% of the stock is owned by insiders.

Institutional Investors Weigh In On Unum Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Silver Oak Securities Incorporated acquired a new stake in Unum Group during the third quarter worth approximately $25,000. Salomon & Ludwin LLC acquired a new stake in Unum Group in the first quarter valued at approximately $28,000. Contravisory Investment Management Inc. acquired a new stake in Unum Group in the fourth quarter valued at approximately $25,000. MCF Advisors LLC acquired a new stake in Unum Group in the first quarter valued at approximately $35,000. Finally, Neo Ivy Capital Management acquired a new stake in Unum Group in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Stock Up 0.3 %

UNM stock opened at $52.91 on Monday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average price of $52.23 and a two-hundred day moving average price of $48.16. The company has a market cap of $10.02 billion, a price-to-earnings ratio of 7.86, a P/E/G ratio of 1.11 and a beta of 0.87. Unum Group has a twelve month low of $41.75 and a twelve month high of $54.57.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, April 30th. The financial services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.97 by $0.15. Unum Group had a return on equity of 16.02% and a net margin of 10.52%. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the company posted $1.87 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts anticipate that Unum Group will post 8.24 EPS for the current fiscal year.

Unum Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, April 26th were given a dividend of $0.365 per share. The ex-dividend date was Thursday, April 25th. This represents a $1.46 annualized dividend and a dividend yield of 2.76%. Unum Group’s dividend payout ratio is currently 21.69%.

About Unum Group

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.