QRG Capital Management Inc. Purchases 852 Shares of Unum Group $UNM

QRG Capital Management Inc. increased its position in Unum Group (NYSE:UNM) by 4.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,915 shares of the financial services provider’s stock after purchasing an additional 852 shares during the period. QRG Capital Management Inc.’s holdings in Unum Group were worth $1,608,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp boosted its stake 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 in the last quarter. Advisors Capital Management LLC lifted its stake in Unum Group by 2.2% during the 1st quarter. Advisors Capital Management LLC now owns 6,308 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 136 shares during the period. UMB Bank n.a. grew its stake in shares of Unum Group by 4.4% in the second quarter. UMB Bank n.a. now owns 4,016 shares of the financial services provider’s stock worth $324,000 after acquiring an additional 168 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Unum Group by 14.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,465 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 183 shares during the period. Finally, Private Trust Co. NA grew its stake in shares of Unum Group by 7.3% in the first quarter. Private Trust Co. NA now owns 2,757 shares of the financial services provider’s stock worth $225,000 after acquiring an additional 187 shares during the period. Institutional investors own 86.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on UNM shares. Wells Fargo & Company reduced their price target on shares of Unum Group from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $95.00 price target (down from $100.00) on shares of Unum Group in a research note on Thursday, July 31st. Morgan Stanley lifted their price target on shares of Unum Group from $79.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Weiss Ratings reiterated a “buy (b)” rating on shares of Unum Group in a research note on Saturday, September 27th. Finally, JPMorgan Chase & Co. upped their price target 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. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.29.

Unum Group Price Performance

NYSE UNM opened at $78.23 on Wednesday. Unum Group has a 52 week low of $60.39 and a 52 week high of $84.48. The firm has a market capitalization of $13.32 billion, a P/E ratio of 9.36, a PEG ratio of 1.33 and a beta of 0.36. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average price of $72.90 and a 200-day moving average price of $77.15.

Unum Group (NYSE:UNM) last released its 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). The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The company’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.16 earnings per share. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Equities research analysts anticipate that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Increases Dividend

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