Keynote Financial Services LLC Lowers Stake in Unum Group $UNM

Keynote Financial Services LLC cut its holdings in Unum Group (NYSE:UNM) by 8.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,386 shares of the financial services provider’s stock after selling 1,490 shares during the quarter. Keynote Financial Services LLC’s holdings in Unum Group were worth $1,323,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in UNM. Stratos Wealth Partners LTD. increased its stake in shares of Unum Group by 28.3% during the first quarter. Stratos Wealth Partners LTD. now owns 3,802 shares of the financial services provider’s stock worth $310,000 after acquiring an additional 838 shares during the period. HighTower Advisors LLC boosted its holdings in Unum Group by 0.3% in the 1st quarter. HighTower Advisors LLC now owns 60,370 shares of the financial services provider’s stock valued at $4,918,000 after purchasing an additional 201 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Unum Group in the 1st quarter valued at approximately $646,000. Royal Bank of Canada increased its position in Unum Group by 0.5% during the 1st quarter. Royal Bank of Canada now owns 1,416,124 shares of the financial services provider’s stock worth $115,358,000 after purchasing an additional 6,648 shares during the period. Finally, Raymond James Financial Inc. raised its stake in shares of Unum Group by 8.1% during the 1st quarter. Raymond James Financial Inc. now owns 290,382 shares of the financial services provider’s stock worth $23,654,000 after buying an additional 21,770 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Insider Transactions at Unum Group

In other Unum Group news, EVP Christopher W. Pyne sold 4,000 shares of Unum Group stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $78.04, for a total value of $312,160.00. Following the completion of the sale, the executive vice president directly owned 51,372 shares of the company’s stock, valued at approximately $4,009,070.88. The trade was a 7.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.92% of the company’s stock.

Analysts Set New Price Targets

UNM has been the topic of a number of analyst reports. Barclays lifted their price target on Unum Group from $92.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. UBS Group set a $87.00 target price on shares of Unum Group and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Wolfe Research raised shares of Unum Group to a “strong-buy” rating in a research note on Tuesday, September 16th. Morgan Stanley raised their price objective on shares of Unum Group from $79.00 to $81.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Finally, Wells Fargo & Company lowered their target price on shares of Unum Group from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Unum Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.67.

Unum Group Trading Down 1.1%

Unum Group stock opened at $77.31 on Tuesday. The stock has a 50-day moving average price of $75.82 and a 200 day moving average price of $76.89. Unum Group has a 52 week low of $66.81 and a 52 week high of $84.48. The stock has a market cap of $12.94 billion, a PE ratio of 9.25, a P/E/G ratio of 1.23 and a beta of 0.37. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31.

Unum Group (NYSE:UNM) last released its earnings results on Monday, November 3rd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.06). The firm had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. Unum Group’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the company posted $2.13 earnings per share. Unum Group has set its FY 2025 guidance at EPS. Equities research analysts predict that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 24th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a $1.84 annualized dividend and a dividend yield of 2.4%. Unum Group’s dividend payout ratio is presently 35.87%.

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.