HHM Wealth Advisors LLC Increases Position in Unum Group $UNM

HHM Wealth Advisors LLC raised its holdings in Unum Group (NYSE:UNM) by 623.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 31,185 shares of the financial services provider’s stock after acquiring an additional 26,876 shares during the period. Unum Group makes up 0.3% of HHM Wealth Advisors LLC’s investment portfolio, making the stock its 28th largest position. HHM Wealth Advisors LLC’s holdings in Unum Group were worth $2,519,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. HighTower Advisors LLC grew 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 buying an additional 201 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Unum Group in the 1st quarter valued at $646,000. Royal Bank of Canada grew its stake in shares of 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 valued at $115,358,000 after buying an additional 6,648 shares during the period. BTC Capital Management Inc. increased its holdings in shares of Unum Group by 5.0% during the 2nd quarter. BTC Capital Management Inc. now owns 71,836 shares of the financial services provider’s stock worth $5,731,000 after buying an additional 3,399 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in Unum Group by 8.1% in the first quarter. Raymond James Financial Inc. now owns 290,382 shares of the financial services provider’s stock valued at $23,654,000 after acquiring an additional 21,770 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $95.00 price objective (down from $100.00) on shares of Unum Group in a research note on Thursday, July 31st. Evercore ISI increased their price objective on shares of Unum Group from $96.00 to $99.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Barclays lifted their target price on shares of Unum Group from $92.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Wolfe Research raised Unum Group to a “strong-buy” rating in a research report on Tuesday, September 16th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Unum Group in a research report on Thursday, November 13th. Two investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $94.67.

Unum Group Stock Performance

Shares of UNM opened at $76.72 on Wednesday. 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 business’s 50 day moving average is $76.29 and its two-hundred day moving average is $76.81. The firm has a market cap of $12.84 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 1.23 and a beta of 0.37. Unum Group has a 52-week low of $66.81 and a 52-week high of $84.48.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Monday, November 3rd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.06). The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.31 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The company’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.13 earnings per share. Unum Group has set its FY 2025 guidance at EPS. Analysts forecast that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 24th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, October 24th. This represents a $1.84 annualized dividend and a dividend yield of 2.4%. Unum Group’s dividend payout ratio (DPR) is presently 35.87%.

Insider Buying and Selling

In related news, EVP Christopher W. Pyne sold 4,000 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was 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 $4,009,070.88. The trade was a 7.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.92% of the company’s stock.

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.