Unum Group $UNM Shares Purchased by Foster & Motley Inc.

Foster & Motley Inc. increased its holdings in shares of Unum Group (NYSE:UNM) by 2.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,375 shares of the financial services provider’s stock after buying an additional 3,430 shares during the quarter. Foster & Motley Inc.’s holdings in Unum Group were worth $9,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Advisors Capital Management LLC raised its stake in Unum Group by 2.2% in the first quarter. Advisors Capital Management LLC now owns 6,308 shares of the financial services provider’s stock valued at $514,000 after buying an additional 136 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of Unum Group by 0.4% during the second quarter. Ritholtz Wealth Management now owns 42,327 shares of the financial services provider’s stock valued at $3,418,000 after acquiring an additional 160 shares in the last quarter. UMB Bank n.a. raised its position in shares of Unum Group by 4.4% in the 2nd quarter. UMB Bank n.a. now owns 4,016 shares of the financial services provider’s stock valued at $324,000 after purchasing an additional 168 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Unum Group by 14.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,465 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 183 shares during the last quarter. Finally, Private Trust Co. NA boosted its stake in Unum Group by 7.3% in the 1st quarter. Private Trust Co. NA now owns 2,757 shares of the financial services provider’s stock worth $225,000 after purchasing an additional 187 shares in the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Unum Group Price Performance

Shares of UNM opened at $75.42 on Friday. The business’s 50-day moving average is $73.83 and its two-hundred day moving average is $76.85. The company has a market capitalization of $12.84 billion, a P/E ratio of 9.02, a P/E/G ratio of 1.21 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 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 company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same period last year, the firm earned $2.16 EPS. The business’s quarterly 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. Research analysts predict that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UNM. Wells Fargo & Company cut their price target on shares of Unum Group from $100.00 to $98.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 8th. UBS Group set a $87.00 price objective on shares of Unum Group and gave the company a “neutral” rating in a report on Wednesday, July 30th. Piper Sandler upped their target price on Unum Group from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, July 3rd. Evercore ISI lowered their price target on Unum Group from $100.00 to $96.00 and set an “outperform” rating for the company in a research report on Wednesday, July 30th. Finally, Morgan Stanley boosted their price target on Unum Group from $79.00 to $81.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $93.23.

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.