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UNM
ACCE-researched

Unum Group Common Stock (UNM) fair value

Financial Services · Insurance - Life · NYSE · United States
$90.28-3.70%
Market cap $14.3BNext earnings 2026-11-03Updated Oct 19, 2026
Add earnings to calendarGoogle
Our verdict
Trades 12% above our fair value
Price
$90.28
Model fair valueConfidence: good
$80.65
Model range
$30.10 to $115
Fair value $80.65
Price $90.28
3 models fit Unum Group Common Stock and they disagree: 0 of 3 land within 15% of the average.
Two or more of our models back this value.
Premium(i)Silver73
Valued as an insurer: Residual income, P/E comparison, and Dividend discount.
ACCE opinionUnum Group Common Stock (UNM)
Fair value (3 models)
$80.65
ACCE price target
$98.00
Rating
Overvalued
Horizon
12 months
Fair value published on 19 Oct 2026, 18:04 CEST; previously $79.58 since 11 Oct 2026, 00:00 CEST.
ACCE price target published on 26 Sept 2026, 00:00 CEST.
Rating published on 19 Oct 2026, 18:04 CEST.
Price used: $90.28 at the close on 23 Oct 2026, 22:00 CEST.
Models: P/E comparison, Dividend discount, and Residual income.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
11.9% above
-10.7% to fair value
ACCE score
57
out of 100
Analysts
69% buy
13 covering
P/E
21.1x
forward 8.5x
1-year return
+18.2%
Dividend yield
2.01%

Unum Group Common Stock in four questions

Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Unum Group sells group disability, life and dental coverage through employers, plus individual disability policies, and it is one of the largest disability insurers in the US. The competitive edge is scale and underwriting history in a niche where pricing discipline and claims data compound over decades, which makes it hard for a new entrant to match. The near-term case rests on earnings recovery rather than top-line growth: revenue is essentially flat at 0.3%, but the forward P/E of 9.8 against a trailing 21.7 implies the market expects a sharp rebound in reported profit. Why it is worth a look now is that the gap between trailing and forward valuation is wide, and ROE of 6.3% is modest enough that any improvement in claims experience or investment income would show up quickly in the numbers. The stock carries a 55/100 score and no index membership, so the debate is whether the earnings normalization is real before committing research time to it.

AI-assisted·How I use AIWritten Oct 14, 2026
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
  • high
    Earnings collapse and score deterioration
    Earnings down 16.2% YoY while ACCE score fell 13 points in 90 days (68→55). Growth stalled at +0.3% revenue YoY. Valuation disconnect: forward P/E 9.7 vs current 21.4 suggests market pricing in recovery.
  • high
    Negative free cash flow
    FCF negative $2.2B despite positive operating margins. Debt/Equity 0.37 is manageable, but cash burn at this scale limits financial flexibility and dividend sustainability.
  • moderate
    Insider selling without offsetting buys
    Last 10 disclosures show $0.99M in sales, zero buys. Modest signal, but combined with earnings miss and score drop, suggests insiders lack conviction.

AI research notes

AI-assisted·How I use AIWritten Oct 11, 2026 · figures from 2026-10-11 · prices to Oct 23, 2026
Why it could do well
  • Aggressive buybacks have shrunk share count 8.1% annually, amplifying per-share earnings growth despite flat revenue.
  • Analyst consensus sees 11.1% upside to $101.85, with 69% of analysts rating Buy or Strong Buy.
Why it could disappoint
  • Free cash flow turned negative at -$2.2B last twelve months, yielding -15.4% on current share price.
  • Revenue growth has collapsed to 0.3% year over year despite a 3.2% five-year average, signaling deceleration.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Nov 3, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

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Valuation

INVESTOR
Where UNM's valuation models land
Price
$90.28
Model fair value
$80.65
Model range
$30.10 to $115
Fair value $80.65
Price $90.28
The price sits inside the model range.
Model
Fair value
Upside
Dividend discount
P/E comparison
Residual income
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Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Bullish69% buy · 13 covering analysts
● Strong buy 7● Buy 2● Hold 4● Sell 0● Strong sell 0
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
Do politicians beat the market? Our backtest →
Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
-2.1%
1 month
-4.4%
3 months
+4.7%
6 months
+16.5%
YTD
+16.5%
1 year
+18.2%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
19 Oct 2026, 18:04 CESTRatingOvervaluedfirst publication$92.23
19 Oct 2026, 18:04 CESTFair value$80.65$79.58$92.23
11 Oct 2026, 00:00 CESTFair value$79.58$115$91.67
4 Oct 2026, 00:00 CESTFair value$115$117$88.57
28 Sept 2026, 00:00 CESTFair value$117$119$92.09
26 Sept 2026, 00:00 CESTACCE price target$98.00first publication$92.09
26 Sept 2026, 00:00 CESTFair value$119$122$91.11
14 Sept 2026, 00:00 CESTFair value$122$124$94.42
12 Sept 2026, 00:00 CESTFair value$124$126$94.31
7 Sept 2026, 00:00 CESTFair value$126$123$95.85

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth19Value61Quality56Momentum90Total57
Valuation
Trailing P/E
21.1x
Forward P/E
8.5x
PEG
1.03
P/B
1.40x
EV / Revenue
1.4x
Book value/sh
$68.28
Enterprise value
$18.7B
Profitability
ROE
6.3%
FCF yield
3.74%
ROIC
4.0%
Health and risk
Debt / equity
0.35
Dividend yield
2.01%
Beta
0.24

Price

+18.7% · 1Y

Ask anything about UNM

Answered from Unum Group Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 33% of peers
low 0.0x21.1xhigh 63.3x
ROEbetter than 33% of peers
low -32%6%high 21%
Div yieldbetter than 50% of peers
low 0.0%2.0%high 6.2%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
UNM Unum Group Common Stock$90.28$8112% above21.1x6.3%5657
8795.T T&D Holdings, Inc.¥4810.00¥295763% above16.3x9.3%6469
GL Globe Life Inc. Common Stock$168.41$18911% below11.4x20.9%7669
SDLF.L Standard Life plc£9.09£737% above--31.9%3161
HDFCLIFE.NS HDFC Life Insurance Company Limited₹528.35--55.3x11.3%3937
SBILIFE.NS SBI Life Insurance Company Limited₹1642.90--63.3x13.7%3537
7181.T Japan Post Insurance Co., Ltd.¥1695.00¥112151% above11.1x4.2%5070

Sector report card

Where UNM ranks against its sector peers on each metric.

Computing percentiles…
  • Business Wire•Oct 15, 2026
    Unum Group Declares Quarterly Dividend of $0.505 Per Share of Its Common Stock
  • Business Wire•Oct 7, 2026
    Unum Group to Release Third Quarter 2026 Results and Host Conference Call
  • Business Wire•Sep 16, 2026
    AM Best Affirms Credit Ratings of Unum Group and Its Core U.S. Life/Health Subsidiaries
5 more press releases · full archive on Investor+.INVESTOR
40 filings
September 2026
Sep 11
Form 4Insider transactionPeriod 2026-09-10
View on SEC →
Sep 11
Form 4Insider transactionPeriod 2026-09-10
View on SEC →
Sep 11
Form 4Insider transactionPeriod 2026-09-09
View on SEC →
37 more filings + AI summaries on Investor+.INVESTOR