Unum Group $UNM Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in shares of Unum Group (NYSE:UNM) by 138.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 112,985 shares of the financial services provider’s stock after buying an additional 65,670 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Unum Group were worth $9,125,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UNM. Brighton Jones LLC purchased a new position in shares of Unum Group during the fourth quarter worth approximately $247,000. Stratos Wealth Partners LTD. raised its position in 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 valued at $310,000 after purchasing an additional 838 shares during the last quarter. Cerity Partners LLC boosted its stake in Unum Group by 9.5% during the 1st quarter. Cerity Partners LLC now owns 86,348 shares of the financial services provider’s stock worth $7,034,000 after purchasing an additional 7,462 shares during the period. Kathmere Capital Management LLC acquired a new stake in Unum Group during the 1st quarter worth $203,000. Finally, CWM LLC grew its position in Unum Group by 1.4% during the 1st quarter. CWM LLC now owns 14,209 shares of the financial services provider’s stock worth $1,158,000 after purchasing an additional 199 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Unum Group Trading Up 1.7%

Shares of UNM stock opened at $78.07 on Monday. The business’s fifty day moving average price is $75.67 and its 200 day moving average price is $76.90. The firm has a market capitalization of $13.06 billion, a PE ratio of 9.34, a P/E/G ratio of 1.23 and a beta of 0.37. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. Unum Group has a 1-year low of $66.81 and a 1-year high of $84.48.

Unum Group (NYSE:UNM) last released its earnings results on Monday, November 3rd. The financial services provider reported $2.09 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.06). Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period last year, the business posted $2.13 EPS. Unum Group’s revenue was up 5.0% compared to the same quarter last year. Unum Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Dividend Announcement

The business also recently disclosed 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 of this dividend is Friday, October 24th. This represents a $1.84 dividend on an annualized basis and a yield of 2.4%. Unum Group’s payout ratio is currently 35.87%.

Analyst Upgrades and Downgrades

UNM has been the subject of a number of research reports. 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. Weiss Ratings restated a “buy (b)” rating on shares of Unum Group in a research report on Wednesday, October 8th. Wolfe Research raised Unum Group to a “strong-buy” rating in a research note on Tuesday, September 16th. Wells Fargo & Company decreased their price objective on Unum Group from $100.00 to $98.00 and set an “overweight” rating for the company in a research report on Wednesday, October 8th. Finally, Morgan Stanley lifted their target price 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 research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Unum Group has a consensus rating of “Moderate Buy” and an average target price of $94.67.

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.