Consolidated Planning Corp Has $6.06 Million Stake in Unum Group $UNM

Consolidated Planning Corp grew its stake in shares of Unum Group (NYSE:UNM) by 5.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 75,090 shares of the financial services provider’s stock after purchasing an additional 4,135 shares during the period. Consolidated Planning Corp’s holdings in Unum Group were worth $6,064,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Stratos Wealth Partners LTD. raised its position in Unum Group by 28.3% in the 1st quarter. Stratos Wealth Partners LTD. now owns 3,802 shares of the financial services provider’s stock valued at $310,000 after buying an additional 838 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of Unum Group in the 4th quarter worth $240,000. HighTower Advisors LLC raised its holdings in shares of Unum Group by 0.3% in the first 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Unum Group during the first quarter valued at about $646,000. Finally, Royal Bank of Canada lifted its position in shares of Unum Group by 0.5% during the first quarter. Royal Bank of Canada now owns 1,416,124 shares of the financial services provider’s stock valued at $115,358,000 after purchasing an additional 6,648 shares in the last quarter. Institutional investors own 86.57% of the company’s stock.

Analyst Upgrades and Downgrades

UNM has been the subject of a number of recent analyst reports. Evercore ISI reduced their price objective on shares of Unum Group from $100.00 to $96.00 and set an “outperform” rating for the company in a research report on Wednesday, July 30th. Piper Sandler boosted their target price on Unum Group from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, July 3rd. Wells Fargo & Company decreased their price target on Unum Group from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Wednesday, July 30th. Morgan Stanley cut their price objective on Unum Group from $85.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Unum Group from $87.00 to $96.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $91.14.

Unum Group Price Performance

Shares of NYSE:UNM opened at $78.22 on Thursday. The company’s fifty day moving average price is $73.03 and its 200-day moving average price is $77.25. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market capitalization of $13.32 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 1.31 and a beta of 0.36. Unum Group has a one year low of $58.66 and a one year high of $84.48.

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 the consensus estimate of $2.23 by ($0.16). The company 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 firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.16 earnings per share. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. On average, equities research analysts anticipate that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend 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 22.01%.

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.