Proffitt & Goodson Inc. Cuts Stock Position in Unum Group $UNM

Proffitt & Goodson Inc. lessened its position in Unum Group (NYSE:UNM) by 35.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,156 shares of the financial services provider’s stock after selling 630 shares during the quarter. Proffitt & Goodson Inc.’s holdings in Unum Group were worth $93,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Friedenthal Financial purchased a new stake in Unum Group during the 2nd quarter worth about $905,000. DMC Group LLC increased its holdings 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 purchasing an additional 1,679 shares during the period. Belpointe Asset Management LLC increased its holdings 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 purchasing an additional 810 shares during the period. JSF Financial LLC purchased a new stake in Unum Group during the 2nd quarter worth about $1,062,000. Finally, Brown Miller Wealth Management LLC purchased a new stake in Unum Group during the 2nd quarter worth about $274,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on UNM shares. UBS Group set a $87.00 price target on Unum Group and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Piper Sandler upped their price target on Unum Group from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, July 3rd. JPMorgan Chase & Co. upped their price target on Unum Group from $87.00 to $96.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Barclays set a $96.00 price objective on Unum Group and gave the company an “overweight” rating in a report on Monday, July 7th. Finally, Wells Fargo & Company dropped their price objective on Unum Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $91.29.

Unum Group Stock Down 0.5%

Shares of NYSE UNM opened at $78.23 on Wednesday. The stock has a market cap of $13.32 billion, a PE ratio of 9.36, a price-to-earnings-growth 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. Unum Group has a 52-week low of $60.39 and a 52-week high of $84.48. The business 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 announced its 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). The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.35 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $2.16 earnings per share. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Equities research analysts forecast 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 given a $0.46 dividend. This is a boost from Unum Group’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, July 25th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.4%. Unum Group’s payout ratio is currently 22.01%.

Unum Group Company 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.