Vise Technologies Inc. Makes New $908,000 Investment in Unum Group $UNM

Vise Technologies Inc. bought a new stake in shares of Unum Group (NYSE:UNM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,242 shares of the financial services provider’s stock, valued at approximately $908,000.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC acquired a new position in Unum Group in the fourth quarter valued at about $247,000. CWM LLC grew its stake in Unum Group by 1.4% during the first quarter. CWM LLC now owns 14,209 shares of the financial services provider’s stock worth $1,158,000 after buying an additional 199 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Unum Group by 13.1% in the 1st quarter. Victory Capital Management Inc. now owns 1,654,489 shares of the financial services provider’s stock valued at $134,775,000 after buying an additional 191,572 shares during the period. Cullen Frost Bankers Inc. raised its position in shares of Unum Group by 1,289.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 806 shares of the financial services provider’s stock valued at $66,000 after buying an additional 748 shares in the last quarter. Finally, Burns Matteson Capital Management LLC bought a new stake in shares of Unum Group during the 1st quarter worth approximately $502,000. 86.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on UNM shares. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $95.00 price objective (down from $100.00) on shares of Unum Group in a research note on Thursday, July 31st. Evercore ISI boosted their price target on Unum Group from $96.00 to $99.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Unum Group in a research report on Wednesday, October 8th. Morgan Stanley increased their target price on shares of Unum Group from $79.00 to $81.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Finally, Wells Fargo & Company decreased their price target on shares of Unum Group from $100.00 to $98.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $94.67.

Insider Buying and Selling at Unum Group

In related news, EVP Christopher W. Pyne sold 4,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $78.04, for a total value of $312,160.00. Following the sale, the executive vice president owned 51,372 shares of the company’s stock, valued at $4,009,070.88. The trade was a 7.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.93% of the stock is currently owned by corporate insiders.

Unum Group Stock Performance

Shares of UNM stock opened at $76.86 on Friday. The firm has a market capitalization of $12.86 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 1.23 and a beta of 0.37. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. The business’s 50-day moving average price is $76.11 and its 200-day moving average price is $76.88. Unum Group has a 12 month low of $66.81 and a 12 month high of $84.48.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Monday, November 3rd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.06). Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period in the prior year, the company earned $2.13 EPS. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Unum Group has set its FY 2025 guidance at EPS. Equities research analysts forecast that Unum Group will post 9.14 EPS for the current year.

Unum Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 24th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a $1.84 annualized dividend and a dividend yield of 2.4%. Unum Group’s dividend payout ratio (DPR) is presently 35.87%.

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.