State of Wyoming raised its stake in shares of Unum Group (NYSE:UNM – Free Report) by 425.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 9,422 shares of the financial services provider’s stock after purchasing an additional 7,630 shares during the period. State of Wyoming’s holdings in Unum Group were worth $842,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Prosperity Consulting Group LLC raised its stake in shares of Unum Group by 1.6% in the first quarter. Prosperity Consulting Group LLC now owns 8,157 shares of the financial services provider’s stock worth $596,000 after purchasing an additional 128 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of Unum Group by 1.9% during the first quarter. D.A. Davidson & CO. now owns 7,922 shares of the financial services provider’s stock valued at $579,000 after buying an additional 144 shares during the last quarter. WPG Advisers LLC boosted its position in shares of Unum Group by 12.5% during the second quarter. WPG Advisers LLC now owns 1,301 shares of the financial services provider’s stock valued at $116,000 after buying an additional 145 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Unum Group by 5.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,781 shares of the financial services provider’s stock worth $218,000 after buying an additional 149 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in Unum Group by 0.4% during the fourth quarter. Larson Financial Group LLC now owns 37,864 shares of the financial services provider’s stock worth $2,934,000 after buying an additional 159 shares in the last quarter. 86.57% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on UNM shares. Weiss Ratings upgraded Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Barclays upped their target price on shares of Unum Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Evercore reiterated an “outperform” rating and issued a $106.00 target price on shares of Unum Group in a report on Tuesday, July 7th. Jefferies Financial Group raised their price target on shares of Unum Group from $117.00 to $123.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Unum Group from $110.00 to $108.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Unum Group has a consensus rating of “Moderate Buy” and an average price target of $99.00.
Unum Group Stock Performance
Shares of UNM opened at $93.41 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $14.79 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 0.99 and a beta of 0.26. The stock has a 50 day moving average of $89.51 and a 200 day moving average of $81.26. Unum Group has a 12 month low of $68.28 and a 12 month high of $94.55.
Unum Group (NYSE:UNM – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $2.16 EPS for the quarter, hitting analysts’ consensus estimates of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company posted $1.92 earnings per share. Unum Group’s quarterly revenue was up .3% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, sell-side analysts forecast that Unum Group will post 8.65 earnings per share for the current year.
Unum Group Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 24th were paid a dividend of $0.505 per share. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, July 24th. This is a positive change from Unum Group’s previous quarterly dividend of $0.46. Unum Group’s dividend payout ratio (DPR) is presently 47.09%.
Unum Group Company Profile
Unum Group (NYSE: UNM) is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.
In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.
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