Commerce Bank bought a new stake in shares of Unum Group (NYSE:UNM – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 14,489 shares of the financial services provider’s stock, valued at approximately $1,295,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Prosperity Consulting Group LLC raised its position 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 buying an additional 128 shares in the last quarter. D.A. Davidson & CO. boosted its stake in Unum Group by 1.9% in the first quarter. D.A. Davidson & CO. now owns 7,922 shares of the financial services provider’s stock worth $579,000 after buying an additional 144 shares in the last quarter. WPG Advisers LLC boosted its stake in shares of Unum Group by 12.5% in the 2nd quarter. WPG Advisers LLC now owns 1,301 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 145 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Unum Group by 5.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,781 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 149 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in Unum Group by 0.4% in the fourth quarter. Larson Financial Group LLC now owns 37,864 shares of the financial services provider’s stock valued at $2,934,000 after purchasing an additional 159 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.
Unum Group Stock Up 0.3%
UNM opened at $89.80 on Wednesday. The firm has a 50-day simple moving average of $89.29 and a two-hundred day simple moving average of $81.91. Unum Group has a 52 week low of $68.70 and a 52 week high of $94.55. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $14.22 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 0.95 and a beta of 0.26.
Unum Group Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 24th were paid a $0.505 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $2.02 annualized dividend and a yield of 2.2%. This is a boost from Unum Group’s previous quarterly dividend of $0.46. Unum Group’s payout ratio is 47.09%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on UNM shares. UBS Group set a $94.00 target price on shares of Unum Group in a report on Tuesday, July 7th. Truist Financial upped their target price on shares of Unum Group from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Morgan Stanley lifted their price objective on Unum Group from $87.00 to $92.00 and gave the company an “equal weight” rating in a research note on Monday. Weiss Ratings raised shares of Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Unum Group from $101.00 to $98.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Unum Group has an average rating of “Moderate Buy” and an average price target of $99.42.
Get Our Latest Research Report on UNM
Unum Group 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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