Vest Financial LLC Sells 7,862 Shares of Unum Group $UNM

Vest Financial LLC lessened its stake in Unum Group (NYSE:UNM) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 619,720 shares of the financial services provider’s stock after selling 7,862 shares during the quarter. Vest Financial LLC’s holdings in Unum Group were worth $50,049,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Stratos Wealth Partners LTD. raised its holdings in shares of Unum Group by 28.3% in the 1st quarter. Stratos Wealth Partners LTD. now owns 3,802 shares of the financial services provider’s stock worth $310,000 after purchasing an additional 838 shares during the period. HighTower Advisors LLC raised its holdings in Unum Group by 0.3% during the 1st quarter. HighTower Advisors LLC now owns 60,370 shares of the financial services provider’s stock valued at $4,918,000 after acquiring an additional 201 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Unum Group during the 1st quarter valued at $646,000. Royal Bank of Canada raised its holdings in Unum Group by 0.5% during the 1st quarter. Royal Bank of Canada now owns 1,416,124 shares of the financial services provider’s stock valued at $115,358,000 after acquiring an additional 6,648 shares during the period. Finally, Asset Management One Co. Ltd. raised its holdings in Unum Group by 88.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 17,302 shares of the financial services provider’s stock valued at $1,409,000 after acquiring an additional 8,120 shares during the period. Institutional investors own 86.57% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Unum Group in a report on Wednesday, October 8th. Evercore ISI lowered their target price on shares of Unum Group from $100.00 to $96.00 and set an “outperform” rating on the stock in a report on Wednesday, July 30th. UBS Group set a $87.00 target price on shares of Unum Group and gave the company a “neutral” rating in a report on Wednesday, July 30th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $95.00 target price (down previously from $100.00) on shares of Unum Group in a report on Thursday, July 31st. Finally, Morgan Stanley boosted their target price on shares of Unum Group from $79.00 to $81.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Two research 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.23.

Unum Group Trading Down 1.2%

Unum Group stock opened at $75.85 on Monday. The stock has a market cap of $12.92 billion, a P/E ratio of 9.07, a PEG ratio of 1.28 and a beta of 0.36. Unum Group has a fifty-two week low of $61.37 and a fifty-two week high of $84.48. The firm’s fifty day moving average price is $73.27 and its 200-day moving average price is $76.99. 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 released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.16). The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.35 billion. Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.16 EPS. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Equities research analysts forecast that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 24th will be given a $0.46 dividend. The ex-dividend date is Friday, October 24th. This represents a $1.84 annualized dividend and a yield of 2.4%. Unum Group’s payout ratio is 22.01%.

About Unum Group

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.