Freedom Investment Management Inc. Has $371,000 Stock Holdings in Unum Group $UNM

Freedom Investment Management Inc. cut its stake in Unum Group (NYSE:UNM) by 7.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 4,593 shares of the financial services provider’s stock after selling 372 shares during the quarter. Freedom Investment Management Inc.’s holdings in Unum Group were worth $371,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its stake in shares of Unum Group by 4.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,816,520 shares of the financial services provider’s stock valued at $473,814,000 after purchasing an additional 264,268 shares during the last quarter. Invesco Ltd. increased its stake in shares of Unum Group by 155.6% in the 1st quarter. Invesco Ltd. now owns 2,278,473 shares of the financial services provider’s stock valued at $185,604,000 after purchasing an additional 1,387,139 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Unum Group by 13.1% in the 1st quarter. Victory Capital Management Inc. now owns 1,654,489 shares of the financial services provider’s stock valued at $134,775,000 after purchasing an additional 191,572 shares during the last quarter. Allianz Asset Management GmbH increased its stake in shares of Unum Group by 11.5% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,537,189 shares of the financial services provider’s stock valued at $124,143,000 after purchasing an additional 159,084 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Unum Group by 3.6% in the 2nd quarter. Nordea Investment Management AB now owns 1,482,096 shares of the financial services provider’s stock valued at $119,235,000 after purchasing an additional 51,750 shares during the last quarter. Institutional investors own 86.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on UNM shares. JPMorgan Chase & Co. lifted their price target on Unum Group from $87.00 to $96.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. Piper Sandler lifted their price target on Unum Group from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, July 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Unum Group in a research report on Friday. UBS Group set a $87.00 price objective on Unum Group and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Finally, Wolfe Research upgraded Unum Group to a “strong-buy” rating in a research report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Unum Group has an average rating of “Moderate Buy” and an average target price of $93.23.

Unum Group Trading Down 0.4%

NYSE UNM opened at $76.12 on Monday. The business’s 50-day moving average price is $74.44 and its two-hundred day moving average price is $76.94. Unum Group has a 12 month low of $61.37 and a 12 month high of $84.48. The firm has a market capitalization of $12.96 billion, a PE ratio of 9.11, a price-to-earnings-growth ratio of 1.25 and a beta of 0.36. 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 quarterly earnings results on Tuesday, July 29th. The financial services provider reported $2.07 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.16). Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter last year, the firm posted $2.16 EPS. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. On average, analysts expect that Unum Group will post 9.14 EPS for the current year.

Unum Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 24th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, October 24th. 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.