Unum Group (UNM) Stock Price, News & Analysis

Company Overview

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. It also provides group pension, individual life and corporate-owned life insurance, reinsurance pools and management operations, and other miscellaneous products. The company sells its products primarily to employers for the benefit of employees. It sells its products through field sales personnel, independent brokers, consultants, and independent contractor agent sales force and brokers. Unum Group was founded in 1848 and is based in Chattanooga, Tennessee.

Key Stats

• Today's Range: $56.23 to $56.92
• 50-Day Range: $51.50 to $57.55
• 52-Week Range: $41.75 to $58.17
• Volume: 1.74 million shs
• Average Volume: 1.24 million shs
• Market Capitalization: $10.45 billion
• P/E Ratio: 8.36
• Dividend Yield: 2.99%
• Price Target: $62.90
• Consensus Rating: Moderate Buy

Unum Group Stock Analysis - MarketRank™

Unum Group scored higher than 100% of companies evaluated by MarketBeat, and ranked 4th out of 944 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Unum Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Unum Group has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 4.82%

Earnings Growth

Earnings for Unum Group are expected to grow by 4.82% in the coming year, from $8.50 to $8.91 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Unum Group is 8.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.17.

Price to Earnings Ratio vs. Sector

The P/E ratio of Unum Group is 8.36, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 48.02.

Price to Earnings Growth Ratio

Unum Group has a PEG Ratio of 0.83. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Unum Group has a P/B Ratio of 1.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.11% of the float of Unum Group has been sold short.

Short Interest Ratio / Days to Cover

Unum Group has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Unum Group has recently increased by 3.73%, indicating that investor sentiment is decreasing.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Unum Group pays a meaningful dividend of 2.99%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Unum Group has been increasing its dividend for 16 years.

Dividend Coverage

The dividend payout ratio of Unum Group is 24.96%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Unum Group will have a dividend payout ratio of 18.86% next year. This indicates that Unum Group will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.5 / 5
• Environmental Score: -0.10

Percentage of Shares Shorted

2.11% of the float of Unum Group has been sold short.

Short Interest Ratio / Days to Cover

Unum Group has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Unum Group has recently increased by 3.73%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.75

News Sentiment

Unum Group has a news sentiment score of 0.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Unum Group this week, compared to 6 articles on an average week.

Search Interest

5 people have searched for UNM on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Unum Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Unum Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,268,469.00 in company stock.

Percentage Held by Insiders

Only 0.93% of the stock of Unum Group is held by insiders.

Percentage Held by Institutions

86.57% of the stock of Unum Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

UNM Stock Analysis - Frequently Asked Questions

How have UNM shares performed this year?

Unum Group's stock was trading at $45.22 at the start of the year. Since then, UNM shares have increased by 24.3% and is now trading at $56.23.
View the best growth stocks for 2024 here.

How were Unum Group's earnings last quarter?

Unum Group (NYSE:UNM) posted its earnings results on Tuesday, July, 30th. The financial services provider reported $2.16 EPS for the quarter, topping the consensus estimate of $2.02 by $0.14. Unum Group's revenue for the quarter was up 3.9% compared to the same quarter last year.
Read the conference call transcript.

Is Unum Group buying back stock?

Unum Group's Board of Directors initiated a stock buyback program on Tuesday, July 30th 2024, which allows the company to buy back $1,000,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 10% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Does Unum Group have any subsidiaries?

Unum Group subsidiaries include Jaimini Health, Pramerica Życie TUiR SA, LeaveLogic, H&J Capital, National Dental Plan Limited, Paul Revere Corp., AlwaysCare Benefits Inc., and more.

Who are Unum Group's major shareholders?

Unum Group's top institutional investors include Dimensional Fund Advisors LP (2.85%), AQR Capital Management LLC (1.81%), Donald Smith & CO. Inc. (1.67%) and LSV Asset Management (1.52%). Insiders that own company stock include Michael Q Simonds, Steven Andrew Zabel, Gloria C Larson, Timothy Gerald Arnold, Christopher W Pyne, Elizabeth Claire Ahmed, Puneet Bhasin, Lisa G Iglesias, Timothy F Keaney, Cherie Pashley and Walter Lynn Rice Jr.
View institutional ownership trends.

How do I buy shares of Unum Group?

Shares of UNM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Unum Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Unum Group investors own include AT&T (T), AbbVie (ABBV), Pfizer (PFE), Verizon Communications (VZ), Enterprise Products Partners (EPD), JPMorgan Chase & Co. (JPM) and International Business Machines (IBM).

Company Calendar

• Ex-Dividend for 8/16 Dividend: 7/26/2024
• Last Earnings: 7/30/2024
• Dividend Payable: 8/16/2024
• Today: 9/18/2024
• Next Earnings (Estimated): 10/29/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Accident & health insurance
• Sub-Industry: Life & Health Insurance
• Current Symbol: NYSE:UNM
• CUSIP: 91529Y10
• CIK: 5513
• Web: www.unum.com
• Phone: (423) 294-1011
• Fax: 615-238-9898
• Employees: 10,812
• Year Founded: 1848

Price Target and Rating

• Average Stock Price Target: $62.90
• High Stock Price Target: $73.00
• Low Stock Price Target: $52.00
• Potential Upside/Downside: +11.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.70
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $6.73
• Trailing P/E Ratio: 8.36
• Forward P/E Ratio: 6.62
• P/E Growth: 0.83
• Net Income: $1.28 billion
• Net Margins: 10.40%
• Pretax Margin: 13.27%
• Return on Equity: 15.55%
• Return on Assets: 2.51%

Debt

• Debt-to-Equity Ratio: 0.33
• Current Ratio: 0.28
• Quick Ratio: 0.28

Sales & Book Value

• Annual Sales: $12.39 billion
• Price / Sales: 0.84
• Cash Flow: $8.32 per share
• Price / Cash Flow: 6.76
• Book Value: $49.48 per share
• Price / Book: 1.14

Miscellaneous

• Outstanding Shares: 185,770,000
• Free Float: 187,622,000
• Market Cap: $10.45 billion
• Optionable: Optionable
• Beta: 0.77