First Citizens Bank & Trust Co. Has $1.63 Million Holdings in Unum Group $UNM

First Citizens Bank & Trust Co. raised its holdings in Unum Group (NYSE:UNM) by 200.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,160 shares of the financial services provider’s stock after buying an additional 13,444 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Unum Group were worth $1,628,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. lifted its stake in Unum Group by 28.3% in the first quarter. Stratos Wealth Partners LTD. now owns 3,802 shares of the financial services provider’s stock valued at $310,000 after buying an additional 838 shares during the period. HighTower Advisors LLC lifted its stake in Unum Group by 0.3% in the first quarter. HighTower Advisors LLC now owns 60,370 shares of the financial services provider’s stock valued at $4,918,000 after buying an additional 201 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Unum Group in the first quarter valued at approximately $646,000. Royal Bank of Canada lifted its stake in Unum Group by 0.5% in the first quarter. Royal Bank of Canada now owns 1,416,124 shares of the financial services provider’s stock valued at $115,358,000 after buying an additional 6,648 shares during the period. Finally, Asset Management One Co. Ltd. lifted its stake in Unum Group by 88.4% in the first quarter. Asset Management One Co. Ltd. now owns 17,302 shares of the financial services provider’s stock valued at $1,409,000 after buying an additional 8,120 shares during the period. 86.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UNM has been the topic of several recent analyst reports. Wells Fargo & Company dropped their price target on Unum Group from $100.00 to $98.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 8th. Piper Sandler boosted their price objective on Unum Group from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, July 3rd. Wolfe Research upgraded Unum Group to a “strong-buy” rating in a report on Tuesday, September 16th. Morgan Stanley boosted their price objective on Unum Group from $79.00 to $81.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Finally, UBS Group set a $87.00 price objective on Unum Group and gave the company a “neutral” rating in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $93.23.

Unum Group Trading Up 0.2%

NYSE UNM opened at $76.37 on Friday. The business has a 50 day moving average price of $74.30 and a 200-day moving average price of $76.86. Unum Group has a 52 week low of $61.37 and a 52 week high of $84.48. The company has a market cap of $13.01 billion, a price-to-earnings ratio of 9.13, a P/E/G ratio of 1.25 and a beta of 0.36. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31.

Unum Group (NYSE:UNM) last announced 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). Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter last year, the company posted $2.16 EPS. The company’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. As a group, equities analysts expect that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

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

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.