US Bancorp DE Boosts Stake in Unum Group $UNM

US Bancorp DE boosted its holdings in shares of Unum Group (NYSE:UNM) by 0.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 96,007 shares of the financial services provider’s stock after purchasing an additional 304 shares during the quarter. US Bancorp DE’s holdings in Unum Group were worth $7,754,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Triasima Portfolio Management inc. raised its position in Unum Group by 47.5% during the 2nd quarter. Triasima Portfolio Management inc. now owns 55,290 shares of the financial services provider’s stock worth $4,465,000 after buying an additional 17,805 shares during the last quarter. Friedenthal Financial purchased a new position in Unum Group during the 2nd quarter worth approximately $905,000. DMC Group LLC raised its position in Unum Group by 20.3% during the 2nd quarter. DMC Group LLC now owns 9,954 shares of the financial services provider’s stock worth $804,000 after buying an additional 1,679 shares during the last quarter. Belpointe Asset Management LLC raised its position in Unum Group by 11.1% during the 2nd quarter. Belpointe Asset Management LLC now owns 8,091 shares of the financial services provider’s stock worth $653,000 after buying an additional 810 shares during the last quarter. Finally, JSF Financial LLC purchased a new position in Unum Group during the 2nd quarter worth approximately $1,062,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Unum Group Price Performance

Unum Group stock opened at $75.85 on Monday. The company’s fifty day moving average price is $73.27 and its 200 day moving average price is $76.99. Unum Group has a 1 year low of $61.37 and a 1 year high of $84.48. The stock has a market capitalization of $12.92 billion, a P/E ratio of 9.07, a P/E/G ratio of 1.28 and a beta of 0.36. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30.

Unum Group (NYSE:UNM) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 prior year, the business posted $2.16 EPS. Unum Group’s 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. As a group, equities research analysts anticipate that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 24th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a $1.84 dividend on an annualized basis and a yield of 2.4%. Unum Group’s dividend payout ratio (DPR) is currently 22.01%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Evercore ISI reduced their price target on shares of Unum Group from $100.00 to $96.00 and set an “outperform” rating for the company in a research report on Wednesday, July 30th. UBS Group set a $87.00 price objective on shares of Unum Group and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Unum Group in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on shares of Unum Group from $87.00 to $96.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 8th. Finally, Wells Fargo & Company dropped their price objective on shares of Unum Group from $100.00 to $98.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Unum Group has a consensus rating of “Moderate Buy” and a consensus price target of $93.23.

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.