Naples Global Advisors LLC Has $2.81 Million Position in Unum Group $UNM

Naples Global Advisors LLC lowered its holdings in Unum Group (NYSE:UNM) by 2.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,759 shares of the financial services provider’s stock after selling 768 shares during the quarter. Naples Global Advisors LLC’s holdings in Unum Group were worth $2,807,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of UNM. Brighton Jones LLC acquired a new position in Unum Group in the fourth quarter worth $247,000. Wealth Enhancement Advisory Services LLC boosted its stake in Unum Group by 13.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 39,826 shares of the financial services provider’s stock worth $2,909,000 after purchasing an additional 4,859 shares in the last quarter. Wellington Management Group LLP acquired a new position in Unum Group in the fourth quarter worth $240,000. Merit Financial Group LLC boosted its stake in Unum Group by 168.5% in the first quarter. Merit Financial Group LLC now owns 12,070 shares of the financial services provider’s stock worth $983,000 after purchasing an additional 7,574 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of Unum Group during the first quarter valued at $462,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Unum Group from $87.00 to $96.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. Piper Sandler upped their price target on Unum Group from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, July 3rd. UBS Group set a $87.00 price target on Unum Group and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Barclays set a $96.00 price target on Unum Group and gave the company an “overweight” rating in a research note on Monday, July 7th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $95.00 price target (down previously from $100.00) on shares of Unum Group in a research note on Thursday, July 31st. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.14.

Unum Group Trading Up 0.6%

NYSE:UNM opened at $78.22 on Thursday. Unum Group has a 1-year low of $58.66 and a 1-year high of $84.48. The business’s 50-day moving average price is $73.03 and its two-hundred day moving average price is $77.25. 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 firm has a market capitalization of $13.32 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 1.31 and a beta of 0.36.

Unum Group (NYSE:UNM) last released its earnings results on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.16). Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same period in the previous year, the company posted $2.16 EPS. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. On average, equities analysts expect that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 25th were paid a $0.46 dividend. The ex-dividend date of this dividend was Friday, July 25th. This is a positive change from Unum Group’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 2.4%. Unum Group’s payout ratio is currently 22.01%.

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.