FORA Capital LLC Sells 27,838 Shares of Unum Group $UNM

FORA Capital LLC trimmed its stake in Unum Group (NYSE:UNM) by 68.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 12,817 shares of the financial services provider’s stock after selling 27,838 shares during the period. FORA Capital LLC’s holdings in Unum Group were worth $1,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Fifth Third Bancorp grew its position in Unum Group by 4.0% in the 1st quarter. Fifth Third Bancorp now owns 3,558 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 136 shares during the last quarter. Kovitz Investment Group Partners LLC grew its position in Unum Group by 0.8% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 18,211 shares of the financial services provider’s stock worth $1,330,000 after purchasing an additional 147 shares during the last quarter. Private Trust Co. NA grew its position in Unum Group by 7.3% in the 1st quarter. Private Trust Co. NA now owns 2,757 shares of the financial services provider’s stock worth $225,000 after purchasing an additional 187 shares during the last quarter. CWM LLC grew its position in Unum Group by 1.4% in the 1st quarter. CWM LLC now owns 14,209 shares of the financial services provider’s stock worth $1,158,000 after purchasing an additional 199 shares during the last quarter. Finally, Sculati Wealth Management LLC grew its position in Unum Group by 0.5% in the 4th quarter. Sculati Wealth Management LLC now owns 38,901 shares of the financial services provider’s stock worth $2,841,000 after purchasing an additional 200 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UNM has been the topic of several research analyst reports. Barclays set a $96.00 price target on shares of Unum Group and gave the stock an “overweight” rating in a research report on Monday, July 7th. Wells Fargo & Company decreased their price target on shares of Unum Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. JPMorgan Chase & Co. lifted their target price on shares of Unum Group from $87.00 to $96.00 and gave the company a “neutral” rating in a research report on Tuesday, July 8th. Evercore ISI decreased their target price on shares of Unum Group from $100.00 to $96.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 30th. Finally, Piper Sandler lifted their target price on shares of Unum Group from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Unum Group currently has an average rating of “Moderate Buy” and an average target price of $91.15.

Unum Group Price Performance

Shares of Unum Group stock opened at $69.64 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. The firm’s 50-day simple moving average is $75.95 and its 200-day simple moving average is $77.71. Unum Group has a twelve month low of $52.71 and a twelve month high of $84.48. The firm has a market cap of $11.86 billion, a P/E ratio of 8.33, a price-to-earnings-growth ratio of 1.17 and a beta of 0.40.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share (EPS) 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 firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the prior year, the business earned $2.16 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. As a group, research analysts expect that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 25th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, July 25th. This represents a $1.84 annualized dividend and a yield of 2.6%. This is an increase from Unum Group’s previous quarterly dividend of $0.42. Unum Group’s payout ratio is 22.01%.

Unum Group Profile

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.