Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, and Poland. It operates through Unum US, Unum International, Colonial Life, and Closed Block segments. 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 products. The company sells its products primarily to employers for the benefit of employees. Unum Group sells its products through field sales personnel, independent brokers, and consultants, as well as independent contractor agency sales force. The company was founded in 1848 and is based in Chattanooga, Tennessee.
IPO Year:
Exchange: NYSE
Website: unum.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/14/2024 | $67.00 → $84.00 | In-line → Outperform | Evercore ISI |
| 9/5/2024 | $73.00 | Overweight | Barclays |
| 7/11/2024 | $57.00 | Overweight | Piper Sandler |
| 1/3/2024 | $55.00 | Neutral → Overweight | JP Morgan |
| 4/25/2023 | $57.00 | Overweight | Wells Fargo |
| 3/20/2023 | $44.00 → $50.00 | Hold → Buy | Jefferies |
| 3/15/2023 | $49.00 → $53.00 | Neutral → Buy | Citigroup |
| 3/14/2023 | $49.00 → $52.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 1/9/2023 | $43.00 | Underweight → Equal Weight | Barclays |
| 11/16/2022 | $50.00 | Buy → Neutral | Goldman |
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Net income of $645.7 million ($3.46 per diluted common share) for the third quarter of 2024; after-tax adjusted operating income was $398.0 million ($2.13 per diluted common share). Growing top-line with core operations premium growth of 4.6 percent on a constant currency basis, and continued strong margins across our businesses. Strong balance sheet with holding company liquidity of $1.4 billion and weighted average risk-based capital ratio of approximately 470 percent, well in excess of targets; statutory operating earnings of $315.6 million. Book value per common share of $59.36 grew 20.4 percent over the year-ago quarter; book value per common share excluding accumulated other
Effective October 11, 2024, the Unum Group (NYSE:UNM) Board of Directors declared a quarterly dividend of $0.420 per share on its common stock to be paid November 15, 2024, to stockholders of record as of October 25, 2024. About Unum Group Unum Group (NYSE:UNM), a leading international provider of workplace benefits and services, has been helping workers and their families thrive for more than 175 years. Through its Unum and Colonial Life brands, the company offers disability, life, accident, critical illness, dental, vision and stop-loss insurance; leave and absence management support; and behavioral health services. In 2023, Unum reported revenues of more than $12 billion and paid appro
CHATTANOOGA, Tenn., Sept. 30, 2024 /PRNewswire/ -- Unum Group (NYSE:UNM) will release its third quarter 2024 results on October 29, 2024, at approximately 4:15 p.m. ET. The earnings release and financial supplement will be available in the investors section of the company's website, which can be directly accessed at https://investors.unum.com. Members of Unum Group's senior management will host a conference call on October 30, 2024, at 8:00 a.m. ET to discuss third quarter operations results. Topics may include forward-looking information, such as guidance on future results or trends in operations, as well as other material information. Interested parties are invited to listen and participat
Net income of $389.5 million ($2.05 per diluted common share) for the second quarter of 2024; after-tax adjusted operating income was $411.4 million ($2.16 per diluted common share).Growing top-line with core operations premium growth of 5.4 percent on a constant currency basis, and robust margins across our businesses.Full-year 2024 outlook for after-tax adjusted operating earnings per share increased to 10 percent to 15 percent.Strong balance sheet with holding company liquidity of $1.3 billion and weighted average risk-based capital ratio of approximately 470 percent, well in excess of targets; statutory operating earnings of $366.1 million.New share repurchase authorization of $1.0 billi
CHATTANOOGA, Tenn., July 12, 2024 /PRNewswire/ -- Effective July 12, 2024, the Unum Group (NYSE:UNM) Board of Directors declared a quarterly dividend of $0.420 per share on its common stock to be paid August 16, 2024, to stockholders of record as of July 26, 2024. About Unum Group Unum Group (NYSE:UNM), a leading international provider of workplace benefits and services, has been helping workers and their families thrive for more than 175 years. Through its Unum and Colonial Life brands, the company offers disability, life, accident, critical illness, dental, vision and stop-l
CHATTANOOGA, Tenn., July 3, 2024 /PRNewswire/ -- Unum Group (NYSE:UNM) will release its second quarter 2024 results on July 30, 2024, at approximately 4:15 p.m. ET. The earnings release and financial supplement will be available in the investors section of the company's website, which can be directly accessed at https://investors.unum.com. Members of Unum Group's senior management will host a conference call on July 31, 2024, at 8:00 a.m. ET to discuss second quarter operations results. Topics may include forward-looking information, such as guidance on future results or trend
Net income of $395.2 million ($2.04 per diluted common share) for the first quarter of 2024; after-tax adjusted operating income was $409.9 million ($2.12 per diluted common share).Results reflect a growing top-line with core operations premium growth of 6.6 percent on a constant currency basis, and robust margins highlighted by group disability, group life and AD&D, and supplemental and voluntary.Strong balance sheet with holding company liquidity of $1.4 billion and weighted average risk-based capital ratio of approximately 440 percent, well in excess of targets; statutory operating earnings of $350.5 million.Increased capital deployment to shareholders through accelerated pace of share re
CHATTANOOGA, Tenn., April 30, 2024 /PRNewswire/ -- Unum Group (NYSE:UNM) announced today its board of directors has authorized an increase of 15 percent in the quarterly dividend paid on its common stock. The new rate of 42 cents per common share, or $1.68 per share on an annual basis, will be effective with the dividend expected to be paid in the third quarter of 2024. FORWARD-LOOKING STATEMENTS Certain statements in this release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on management's current expectations and beliefs concerning future developments and their potential effec
CHATTANOOGA, Tenn., April 12, 2024 /PRNewswire/ -- Effective April 12, 2024, the Unum Group (NYSE:UNM) Board of Directors declared a quarterly dividend of $0.365 per share on its common stock to be paid May 17, 2024, to stockholders of record as of April 26, 2024. About Unum Group Unum Group (NYSE:UNM), a leading international provider of workplace benefits and services, has been helping workers and their families thrive for more than 175 years. Through its Unum and Colonial Life brands, the company offers disability, life, accident, critical illness, dental, vision and stop-loss insurance; leave and absence management support; and behavioral health services. In 2023, Unum reported revenues
CHATTANOOGA, Tenn., April 2, 2024 /PRNewswire/ -- Unum Group (NYSE:UNM) will release its first quarter 2024 results on April 30, 2024, at approximately 4:15 p.m. Eastern Time (ET). The earnings release and financial supplement will be available in the Investors section of the company's website, which also can be directly accessed at investors.unum.com. Members of Unum Group's senior management will host a conference call on Wednesday, May 1 at 8:00 a.m. ET to discuss first quarter operations results. Topics may include forward-looking information, such as guidance on future results or trends in operations, as well as other material information. Interested parties are invited to listen and p
CHATTANOOGA, Tenn., Jan. 9, 2023 /PRNewswire/ -- Unum Group (NYSE:UNM) has named Valoria V. Armstrong to lead the company's office of inclusion and diversity. Armstrong will continue to develop the company's I&D strategy to further foster a culture of belonging. "We're proud of our representative workforce as well as the communities where we live and work. Valoria has strong operational and functional expertise to build on our data informed I&D strategy. She will also help us ensure customers benefit from the diverse talents and thoughts of our employees," said Liz Ahmed, executive vice president of People & Communications at Unum Group. Prior to joining Unum, Armstrong served as chief inclu
Board Authorizes 10 Percent Dividend Increase Company Expects to Continue Share Repurchases throughout 2022 CHATTANOOGA, Tenn., May 26, 2022 /PRNewswire/ -- At its annual shareholder's meeting today, Unum Group (NYSE:UNM) President and CEO Rick McKenney expressed confidence in Unum's future given an improving business environment. As announced earlier this morning, Unum's board of directors authorized an increase of 10 percent in the quarterly dividend paid on its common stock. The new rate of 33.0 cents per common share, or $1.32 per share on an annual basis, will be effective with the dividend expected to be paid in the third quarter of 2022. "Our disciplined execution in 2021 delivered o
CHATTANOOGA, Tenn., May 27, 2021 /PRNewswire/ -- At the annual shareholder's meeting today, Unum Group (NYSE:UNM) President and CEO Rick McKenney expressed growing confidence in Unum's future as the US recovers from the pandemic and the economy strengthens. As announced earlier this morning, Unum's board of directors authorized an increase of 5.3% in the quarterly dividend paid on its common stock. The new rate of 30.0 cents per common share, or $1.20 per share on an annual basis, will be effective with the dividend expected to be paid in the third quarter of 2021. "Today's decision by the board to increase our quarterly dividend demonstrates the confidence we feel in our capital position
CHATTANOOGA, Tenn., March 4, 2021 /PRNewswire/ -- Unum (NYSE: UNM), a leading provider of financial protection benefits in the U.S. and U.K., has appointed Ericka DeBruce as the company's Chief Inclusion and Diversity Officer. She will report to Liz Ahmed, Executive Vice President of People and Communications. DeBruce will apply her decades of experience to further drive strategic inclusion and diversity programs and initiatives across the enterprise. She will strive to make sure Unum's culture and business approach empowers and enables all employees, regardless of their differences. Ericka DeBruce, Sedgwick VP of engagement, inclusion and social responsibility (PRNewsFoto/Sedgwi
CHATTANOOGA, Tenn., Jan. 15, 2021 /PRNewswire/ -- Effective January 15, 2021, the Unum Group (NYSE: UNM) Board of Directors declared a quarterly dividend of $0.285 per share on its common stock to be paid on February 19, 2021, to stockholders of record on January 29, 2021. (PRNewsfoto/Unum Group) ABOUT UNUMUnum Group (www.unum.com) provides a broad portfolio of financial protection benefits and services through the workplace, and is a leading provider of disability income protection worldwide. Through its Unum US, Unum UK, Unum Poland, and Colonial Life businesses, the company provides disability, life, accident, critical illness, dental and vision benefits that prote
Unum Gr's (NYSE:UNM) short percent of float has fallen 14.66% since its last report. The company recently reported that it has 3.78 million shares sold short, which is 2.62% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.94 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is im
Throughout the last three months, 7 analysts have evaluated Unum Gr (NYSE:UNM), offering a diverse set of opinions from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 2 1 0 0 Last 30D 1 0 0 0 0 1M Ago 2 2 1 0 0 2M Ago 0 0 0 0 0 3M Ago 1 0 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $62.43, a high estimate of $69.00, and a low estimate of $57.00. This upward trend is evident, with the current average refle
Citigroup analyst Michael Ward maintains Unum Gr (NYSE:UNM) with a Buy and raises the price target from $62 to $69.
Unum Group (NYSE:UNM) shares remained volatile in early trading on Thursday. In the insurance industry, underwriting stocks represent "the greatest growth, least reliance on variable investment income and also greatest amount of moats," according to Piper Sandler. The Unum Analyst: John Barnidge initiated coverage of Unum with an Overweight rating and price target of $57. The Unum Thesis: The pandemic triggered a secular shift favoring underwriting and growth trends, which drives the company's core business, "where it is winning with its integration with HR platforms," Barnidge said in the initiation note. Check out other analyst stock ratings. The pandemic brought in work fle
Piper Sandler analyst John Barnidge initiates coverage on Unum Gr (NYSE:UNM) with a Overweight rating and announces Price Target of $57.
Jefferies analyst Suneet Kamath maintains Unum Gr (NYSE:UNM) with a Buy and raises the price target from $63 to $64.
The business will operate as a full-service managing general underwriter under Amynta Risk Solutions. The business provides medical stop loss coverage to a diversified group of employers and industries across the United States. The transaction is expected to close in the third quarter of 2024, subject to customary closing conditions.
JP Morgan analyst Jimmy Bhullar maintains Unum Gr (NYSE:UNM) with a Overweight and raises the price target from $58 to $64.
Unum Gr's (NYSE:UNM) short percent of float has risen 4.42% since its last report. The company recently reported that it has 4.41 million shares sold short, which is 3.07% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.55 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is impo
Jefferies analyst Suneet Kamath maintains Unum Gr (NYSE:UNM) with a Buy and raises the price target from $62 to $63.
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Evercore ISI upgraded Unum Group from In-line to Outperform and set a new price target of $84.00 from $67.00 previously
Barclays initiated coverage of Unum Group with a rating of Overweight and set a new price target of $73.00
Piper Sandler initiated coverage of Unum Group with a rating of Overweight and set a new price target of $57.00
JP Morgan upgraded Unum Group from Neutral to Overweight and set a new price target of $55.00
Wells Fargo initiated coverage of Unum Group with a rating of Overweight and set a new price target of $57.00
Jefferies upgraded Unum Group from Hold to Buy and set a new price target of $50.00 from $44.00 previously
Citigroup upgraded Unum Group from Neutral to Buy and set a new price target of $53.00 from $49.00 previously
Keefe Bruyette upgraded Unum Group from Mkt Perform to Outperform and set a new price target of $52.00 from $49.00 previously
Barclays upgraded Unum Group from Underweight to Equal Weight and set a new price target of $43.00
Goldman downgraded Unum Group from Buy to Neutral and set a new price target of $50.00
Net income of $645.7 million ($3.46 per diluted common share) for the third quarter of 2024; after-tax adjusted operating income was $398.0 million ($2.13 per diluted common share). Growing top-line with core operations premium growth of 4.6 percent on a constant currency basis, and continued strong margins across our businesses. Strong balance sheet with holding company liquidity of $1.4 billion and weighted average risk-based capital ratio of approximately 470 percent, well in excess of targets; statutory operating earnings of $315.6 million. Book value per common share of $59.36 grew 20.4 percent over the year-ago quarter; book value per common share excluding accumulated other
Effective October 11, 2024, the Unum Group (NYSE:UNM) Board of Directors declared a quarterly dividend of $0.420 per share on its common stock to be paid November 15, 2024, to stockholders of record as of October 25, 2024. About Unum Group Unum Group (NYSE:UNM), a leading international provider of workplace benefits and services, has been helping workers and their families thrive for more than 175 years. Through its Unum and Colonial Life brands, the company offers disability, life, accident, critical illness, dental, vision and stop-loss insurance; leave and absence management support; and behavioral health services. In 2023, Unum reported revenues of more than $12 billion and paid appro
CHATTANOOGA, Tenn., Sept. 30, 2024 /PRNewswire/ -- Unum Group (NYSE:UNM) will release its third quarter 2024 results on October 29, 2024, at approximately 4:15 p.m. ET. The earnings release and financial supplement will be available in the investors section of the company's website, which can be directly accessed at https://investors.unum.com. Members of Unum Group's senior management will host a conference call on October 30, 2024, at 8:00 a.m. ET to discuss third quarter operations results. Topics may include forward-looking information, such as guidance on future results or trends in operations, as well as other material information. Interested parties are invited to listen and participat
Philadelphia, Sept. 10, 2024 (GLOBE NEWSWIRE) -- CalcFocus continues our longstanding relationship with Unum to support both new product initiatives and system consolidation by using the CalcFocus Forecast Illustration and Achieve Policy Administration Systems. CalcFocus, a provider of front and back-office Life, Health and Annuities insurance technology for both Group and Individual products, announced today that Unum Group (NYSE:UNM), a Fortune 500 international provider of workplace benefits and services, has implemented the CalcFocus Achieve policy administration platform to replace multiple legacy platforms and support Unum's new Group Whole Life with long term protection product li
AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a+" (Excellent) for the members of Unum Insurance Group. These companies are the core U.S. life/health (L/H) insurance subsidiaries of Unum Group (Unum) (headquartered in Chattanooga, TN) (NYSE:UNM). In addition, AM Best has affirmed the Long-Term ICR of "bbb+" (Good) and the Long-Term Issue Credit Ratings (Long-Term IR) of Unum. The outlook of these Credit Ratings (ratings) is stable. (See below for a complete listing of the L/H subsidiaries and the Long-Term IRs.) The ratings reflect Unum's balance sheet strength, which AM Best assesses as strong, as well
CHATTANOOGA, Tenn., Aug. 26, 2024 /PRNewswire/ -- Unum Group's (NYSE:UNM) President & CEO Rick McKenney along with EVP and CFO Steve Zabel will represent the company at the 2024 KBW Insurance Conference. McKenney and Zabel are scheduled to speak at the conference at 2:50 p.m. ET on Wednesday, September 4, 2024. They will discuss the company's business strategy and future growth prospects. A live audio webcast of the presentation will be available on the Investors section of Unum's website, www.investors.unum.com, on the News and Events page. ABOUT UNUM Unum Group (NYSE: UNM), a leading international provider of workplace benefits and services, has been helping workers and their families thri
Net income of $389.5 million ($2.05 per diluted common share) for the second quarter of 2024; after-tax adjusted operating income was $411.4 million ($2.16 per diluted common share).Growing top-line with core operations premium growth of 5.4 percent on a constant currency basis, and robust margins across our businesses.Full-year 2024 outlook for after-tax adjusted operating earnings per share increased to 10 percent to 15 percent.Strong balance sheet with holding company liquidity of $1.3 billion and weighted average risk-based capital ratio of approximately 470 percent, well in excess of targets; statutory operating earnings of $366.1 million.New share repurchase authorization of $1.0 billi
CHATTANOOGA, Tenn. , July 30, 2024 /PRNewswire/ -- Unum Group (NYSE:UNM) announced today that its board of directors has approved a share repurchase program authorizing the company to repurchase up to $1 billion of its common stock from time to time beginning on August 1, 2024. The board of directors also authorized the termination of the company's current share repurchase program as of July 31, 2024. The timing and amount of share repurchases will be determined by management based on its evaluation of market conditions and other considerations. Repurchases may be made in open
CHATTANOOGA, Tenn., July 12, 2024 /PRNewswire/ -- Effective July 12, 2024, the Unum Group (NYSE:UNM) Board of Directors declared a quarterly dividend of $0.420 per share on its common stock to be paid August 16, 2024, to stockholders of record as of July 26, 2024. About Unum Group Unum Group (NYSE:UNM), a leading international provider of workplace benefits and services, has been helping workers and their families thrive for more than 175 years. Through its Unum and Colonial Life brands, the company offers disability, life, accident, critical illness, dental, vision and stop-l
CHATTANOOGA, Tenn. and NEW YORK, July 8, 2024 /PRNewswire/ -- Unum Group (NYSE:UNM) announced that it has entered into a definitive agreement whereby the Amynta Group, a leading insurance services provider, will acquire Unum Group's Medical Stop Loss business ("Stop Loss Business"). The business will operate as a full-service managing general underwriter under Amynta Risk Solutions. The business provides medical stop loss coverage to a diversified group of employers and industries across the United States. "We are pleased to enter into an agreement to sell our Stop Loss operations to Amynta," said Marco Forato, senior vice president and chief strategy officer at Unum Group. "This transact