Means Investment CO. Inc. Increases Stock Holdings in Unum Group $UNM

Means Investment CO. Inc. boosted its holdings in Unum Group (NYSE:UNM) by 4.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,719 shares of the financial services provider’s stock after buying an additional 257 shares during the quarter. Means Investment CO. Inc.’s holdings in Unum Group were worth $462,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Quintet Private Bank Europe S.A. acquired a new position in shares of Unum Group during the 2nd quarter valued at about $28,000. Vermillion & White Wealth Management Group LLC purchased a new stake in Unum Group in the first quarter valued at approximately $30,000. Atwood & Palmer Inc. increased its position in Unum Group by 100.0% during the second quarter. Atwood & Palmer Inc. now owns 400 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 200 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in Unum Group during the first quarter worth approximately $35,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Unum Group by 196.9% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 317 shares during the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Unum Group Stock Performance

Unum Group stock opened at $75.85 on Friday. The firm has a market capitalization of $12.92 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 1.28 and a beta of 0.36. Unum Group has a one year low of $61.37 and a one year high of $84.48. The stock’s 50 day moving average price is $73.27 and its 200 day moving average price is $77.03. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.16). Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same period last year, the business earned $2.16 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. As a group, sell-side analysts expect that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 24th will be paid a dividend of $0.46 per share. The ex-dividend date is Friday, October 24th. This represents a $1.84 annualized dividend and a dividend yield of 2.4%. Unum Group’s dividend payout ratio (DPR) is currently 22.01%.

Wall Street Analysts Forecast Growth

UNM has been the subject of a number of research analyst reports. Piper Sandler upped their price objective on Unum Group from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, July 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Unum Group in a research note on Wednesday. Barclays lifted their price objective on Unum Group from $92.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday. Evercore ISI decreased their target price on Unum Group from $100.00 to $96.00 and set an “outperform” rating for the company in a report on Wednesday, July 30th. Finally, UBS Group set a $87.00 price target on shares of Unum Group and gave the company a “neutral” rating in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $93.23.

Unum Group Company Profile

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.