PNC Financial Services Group Inc. Has $2.42 Million Stock Holdings in Unum Group $UNM

PNC Financial Services Group Inc. grew its stake in shares of Unum Group (NYSE:UNM) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,920 shares of the financial services provider’s stock after purchasing an additional 801 shares during the period. PNC Financial Services Group Inc.’s holdings in Unum Group were worth $2,416,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of UNM. Boston Partners raised its holdings in Unum Group by 46.6% during the 2nd quarter. Boston Partners now owns 121,139 shares of the financial services provider’s stock worth $9,781,000 after buying an additional 38,505 shares during the period. Ibex Wealth Advisors increased its position in shares of Unum Group by 3.7% in the second quarter. Ibex Wealth Advisors now owns 136,491 shares of the financial services provider’s stock worth $11,023,000 after acquiring an additional 4,850 shares in the last quarter. Vise Technologies Inc. acquired a new stake in shares of Unum Group during the second quarter valued at approximately $908,000. Allworth Financial LP lifted its position in shares of Unum Group by 104.2% in the 2nd quarter. Allworth Financial LP now owns 4,550 shares of the financial services provider’s stock valued at $367,000 after acquiring an additional 2,322 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its position in shares of Unum Group by 28.5% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 84,479 shares of the financial services provider’s stock valued at $6,823,000 after acquiring an additional 18,711 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Insider Buying and Selling at Unum Group

In related news, EVP Christopher W. Pyne sold 4,000 shares of Unum Group 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 completion of the sale, the executive vice president owned 51,372 shares of the company’s stock, valued at approximately $4,009,070.88. The trade was a 7.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.92% of the company’s stock.

Unum Group Stock Performance

Shares of UNM stock opened at $76.72 on Wednesday. Unum Group has a fifty-two week low of $66.81 and a fifty-two week high of $84.48. The stock’s 50-day moving average is $76.29 and its two-hundred day moving average is $76.81. 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 cap of $12.84 billion, a P/E ratio of 9.18, a PEG ratio of 1.23 and a beta of 0.37.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Monday, November 3rd. The financial services provider reported $2.09 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 the consensus estimate of $3.31 billion. During the same period in the previous year, the firm posted $2.13 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. Unum Group has set its FY 2025 guidance at EPS. Analysts predict that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

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

Analysts Set New Price Targets

UNM has been the topic of several research analyst reports. UBS Group set a $87.00 price objective on shares of Unum Group and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $95.00 price target (down previously from $100.00) on shares of Unum Group in a report on Thursday, July 31st. Wells Fargo & Company reduced their price objective on Unum Group from $100.00 to $98.00 and set an “overweight” rating for the company in a research note on Wednesday, October 8th. Barclays raised their price objective on Unum Group from $92.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Finally, Morgan Stanley upped their target price on Unum Group from $79.00 to $81.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Two 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 company’s stock. According to MarketBeat, Unum Group has a consensus rating of “Moderate Buy” and a consensus 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.