<div id="readability-page-1"><p>Unum Group (NYSE:UNM - Get Free Report) announced that its Board of Directors has approved a stock repurchase program on Thursday, December 4th, RTT News reports. The company plans to buyback $1.00 billion in  outstanding  shares. This buyback authorization authorizes the financial services provider to repurchase up to 8.2% of its stock  through open market purchases. Stock  buyback programs are generally a sign that the company's board believes its stock is undervalued.</p><h2>Unum Group Stock Performance</h2><ul><li>Unum Group Sure Looks Exciting: Jumps 7% After Lifting Guidance</li></ul><p>UNM stock traded up $0.98 during mid-day trading on Friday, hitting $74.32. 1,317,865 shares of the company were exchanged, compared to its average volume of 1,142,491. Unum Group has a 1-year low of $66.81 and a 1-year high of $84.48. The stock has a market capitalization of $12.44 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 1.43 and a beta of 0.20. The business has a 50 day simple moving average of $76.19 and a 200-day simple moving average of $76.39. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.32. </p><p>Unum Group (NYSE:UNM - Get Free Report) last announced its earnings results on Monday, November 3rd. The financial services provider reported $2.09 earnings per share for the quarter, missing analysts' consensus estimates of $2.15 by ($0.06). The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.31 billion. Unum Group had a return on equity of 13.09% and a net margin of 6.99%.Unum Group's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $2.13 EPS.  On average, equities analysts forecast that  Unum Group will post 9.14 earnings per share for the current year. </p><h2>Unum Group Dividend Announcement</h2><p>The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 24th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, October 24th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.5%. Unum Group's dividend payout ratio (DPR) is currently 35.87%. </p><h2>Wall Street Analyst Weigh In</h2><p>Several research analysts have weighed in on UNM shares. JPMorgan Chase &amp; Co. lowered their price target on Unum Group from $94.00 to $92.00 and set a &#34;neutral&#34; rating on the stock in a research report on Tuesday, November 4th. Wolfe Research upgraded shares of Unum Group to a &#34;strong-buy&#34; rating in a report on Tuesday, September 16th. Morgan Stanley upped their price target on shares of Unum Group from $79.00 to $81.00 and gave the stock an &#34;equal weight&#34; rating in a research report on Tuesday, October 7th. Wells Fargo &amp; Company decreased their price objective on shares of Unum Group from $100.00 to $98.00 and set an &#34;overweight&#34; rating for the company in a research report on Wednesday, October 8th. Finally, Evercore ISI upped their target price on shares of Unum Group from $96.00 to $99.00 and gave the company an &#34;outperform&#34; rating in a report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, eight have issued  a Buy rating and three have assigned  a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $94.67.</p><p><b>View Our Latest Stock Analysis on Unum Group</b></p><h2>Insider Transactions at Unum Group</h2><p>In other news, EVP Christopher W. Pyne sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $78.04, for a total transaction of $312,160.00. Following the transaction, the executive vice president directly owned 51,372 shares of the company's stock, valued at approximately $4,009,070.88. This trade represents a 7.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through this hyperlink. Also, EVP Steven Andrew Zabel sold 7,500 shares of the business's stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $76.38, for a total value of $572,850.00. Following the completion of the sale, the executive vice president owned 113,807 shares of the company's stock, valued at approximately $8,692,578.66. This trade represents a 6.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own  0.92% of the company's stock. </p><h2>About Unum Group</h2> Get Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Unum Group</li><li>Consumer Staples Stocks, Explained</li><li>Rocket Lab’s Big Rebound? Analysts Suggest the Dip's a Gift</li><li>Upcoming IPO Stock Lockup Period, Explained</li><li>Meta’s AI Moment? New SAM 3 Model Has Wall Street Turning Bullish</li><li>How is Compound Interest Calculated?</li><li>Snowflake Stock: The Dip That Smart Investors Are Buying Right Now</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Unum Group Right Now?</h2><p>Before you consider Unum Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Unum Group wasn't on the list.</p><p>While Unum Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Unum Group's Board of Directors has approved a $1 billion stock buyback plan, allowing repurchase of up to 8.2% of shares through open market purchases. This move suggests management believes the stock is undervalued. The announcement follows recent stock performance and analyst ratings, with mixed views on price targets. Insider transactions include sales by executives, indicating changes in stock ownership.</p>

Stock Buyback Plan Announced by Unum Group (NYSE:UNM) Board of Directors