Axxcess Wealth Management LLC Buys Shares of 3,399 Unum Group $UNM

Axxcess Wealth Management LLC purchased a new stake in shares of Unum Group (NYSE:UNM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,399 shares of the financial services provider’s stock, valued at approximately $274,000.

A number of other hedge funds and other institutional investors have also modified their holdings of UNM. Quintet Private Bank Europe S.A. bought a new position in shares of Unum Group during the 2nd quarter valued at $28,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of Unum Group during the 1st quarter valued at $30,000. Atwood & Palmer Inc. raised its holdings in shares of Unum Group by 100.0% during the 2nd quarter. Atwood & Palmer Inc. now owns 400 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 200 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Unum Group during the 1st quarter valued at $35,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Unum Group by 196.9% during 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 in the last quarter. Institutional investors own 86.57% of the company’s stock.

Unum Group Stock Performance

NYSE UNM opened at $75.42 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market capitalization of $12.84 billion, a price-to-earnings ratio of 9.02, a P/E/G ratio of 1.24 and a beta of 0.36. The company’s fifty day moving average is $73.83 and its two-hundred day moving average is $76.81. Unum Group has a 52-week low of $61.37 and a 52-week high of $84.48.

Unum Group (NYSE:UNM) last posted its quarterly earnings results 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). The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.35 billion. Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.16 earnings per share. 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 EPS for the current year.

Unum Group Dividend Announcement

The business also recently declared 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 (DPR) is currently 22.01%.

Analyst Upgrades and Downgrades

UNM has been the topic of a number of recent research reports. Evercore ISI cut their price target 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. Piper Sandler lifted their target price on shares of Unum Group from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, July 3rd. UBS Group set a $87.00 target price on shares of Unum Group and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Wolfe Research upgraded shares of Unum Group to a “strong-buy” rating in a report on Tuesday, September 16th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Unum Group from $87.00 to $96.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Unum Group has a consensus rating of “Moderate Buy” and an average 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.