Ieq Capital LLC purchased a new stake in shares of Unum Group (NYSE:UNM – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 86,700 shares of the financial services provider’s stock, valued at approximately $7,751,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of UNM. Brighton Jones LLC acquired a new stake in shares of Unum Group in the fourth quarter valued at $247,000. EverSource Wealth Advisors LLC lifted its position in Unum Group by 157.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,851 shares of the financial services provider’s stock worth $149,000 after buying an additional 1,132 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Unum Group by 26.6% during the 2nd quarter. Baird Financial Group Inc. now owns 7,939 shares of the financial services provider’s stock worth $641,000 after acquiring an additional 1,666 shares during the last quarter. Brown Advisory Inc. grew its holdings in Unum Group by 13.2% during the 2nd quarter. Brown Advisory Inc. now owns 6,445 shares of the financial services provider’s stock worth $520,000 after acquiring an additional 753 shares during the last quarter. Finally, Cresset Asset Management LLC increased its position in Unum Group by 6.1% in the 2nd quarter. Cresset Asset Management LLC now owns 6,715 shares of the financial services provider’s stock valued at $542,000 after acquiring an additional 386 shares in the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.
Unum Group Stock Down 0.0%
UNM stock opened at $87.75 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market capitalization of $13.89 billion, a P/E ratio of 20.45, a P/E/G ratio of 0.93 and a beta of 0.26. The business has a 50-day moving average of $89.38 and a 200-day moving average of $81.73. Unum Group has a fifty-two week low of $68.70 and a fifty-two week high of $94.55.
Unum Group Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 24th were paid a $0.505 dividend. This is a positive change from Unum Group’s previous quarterly dividend of $0.46. This represents a $2.02 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, July 24th. Unum Group’s dividend payout ratio is currently 47.09%.
Analyst Upgrades and Downgrades
UNM has been the subject of several research analyst reports. UBS Group set a $94.00 price objective on shares of Unum Group in a research report on Tuesday, July 7th. Evercore reiterated an “outperform” rating and issued a $106.00 price objective on shares of Unum Group in a research report on Tuesday, July 7th. Jefferies Financial Group lifted their target price on Unum Group from $117.00 to $123.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Weiss Ratings upgraded Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Finally, Wolfe Research cut their price target on Unum Group from $102.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday, July 6th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $99.00.
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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