TrueMark Investments LLC Purchases New Holdings in Unum Group $UNM

TrueMark Investments LLC purchased a new stake in Unum Group (NYSE:UNM) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 62,694 shares of the financial services provider’s stock, valued at approximately $5,063,000. Unum Group makes up approximately 1.1% of TrueMark Investments LLC’s holdings, making the stock its 23rd biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Unum Group in the 2nd quarter valued at about $27,601,000. Foster & Motley Inc. lifted its stake in Unum Group by 2.9% in the 2nd quarter. Foster & Motley Inc. now owns 123,375 shares of the financial services provider’s stock valued at $9,964,000 after buying an additional 3,430 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in Unum Group by 9.4% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 4,161 shares of the financial services provider’s stock worth $336,000 after purchasing an additional 359 shares in the last quarter. Nordea Investment Management AB lifted its stake in Unum Group by 3.6% in the 2nd quarter. Nordea Investment Management AB now owns 1,482,096 shares of the financial services provider’s stock worth $119,235,000 after purchasing an additional 51,750 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in Unum Group by 11.5% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,537,189 shares of the financial services provider’s stock worth $124,143,000 after purchasing an additional 159,084 shares in the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Unum Group Stock Up 2.3%

UNM stock opened at $75.42 on Friday. The firm has a market cap of $12.84 billion, a PE ratio of 9.02, a PEG ratio of 1.24 and a beta of 0.36. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. The firm’s 50 day moving average price is $73.83 and its 200-day moving average price is $76.81. Unum Group has a one year low of $61.37 and a one year high of $84.48.

Unum Group (NYSE:UNM) last posted its 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). 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 quarter last year, the business posted $2.16 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. On average, equities research analysts anticipate that Unum Group will post 9.14 EPS for the current 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 issued 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 22.01%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on UNM. Morgan Stanley raised their target price on shares of Unum Group from $79.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Piper Sandler raised their target price on shares of Unum Group from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, July 3rd. JPMorgan Chase & Co. raised their target price on shares of Unum Group from $87.00 to $96.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 8th. Evercore ISI decreased their target price on shares of Unum Group from $100.00 to $96.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 30th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $95.00 target price (down from $100.00) on shares of Unum Group in a research note on Thursday, July 31st. Two 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.com, Unum Group has a consensus rating of “Moderate Buy” and a consensus target price of $93.23.

Unum Group 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.