JSF Financial LLC Invests $1.06 Million in Unum Group $UNM

JSF Financial LLC purchased a new stake in Unum Group (NYSE:UNM) during the second quarter, Holdings Channel reports. The firm purchased 13,148 shares of the financial services provider’s stock, valued at approximately $1,062,000.

A number of other large investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted 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 in the last quarter. Invesco Ltd. lifted its holdings in Unum Group by 155.6% during 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. lifted its holdings in Unum Group by 13.1% during 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. Royal Bank of Canada lifted its holdings 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 valued at $115,358,000 after purchasing an additional 6,648 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in shares of Unum Group by 8.9% during the first quarter. Allianz Asset Management GmbH now owns 1,378,105 shares of the financial services provider’s stock worth $112,260,000 after buying an additional 113,111 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on UNM shares. UBS Group set a $87.00 price objective on shares of Unum Group and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Evercore ISI decreased their price target on Unum Group from $100.00 to $96.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Unum Group in a research note on Saturday, September 27th. Morgan Stanley reduced their price objective on Unum Group from $85.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Monday, August 18th. Finally, Piper Sandler lifted their price target on Unum Group from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, July 3rd. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $91.14.

Unum Group Stock Up 1.1%

NYSE:UNM opened at $79.43 on Friday. The stock’s fifty day moving average price is $72.98 and its two-hundred day moving average price is $77.19. Unum Group has a 52-week low of $59.98 and a 52-week high of $84.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market cap of $13.53 billion, a price-to-earnings ratio of 9.50, a P/E/G ratio of 1.34 and a beta of 0.36.

Unum Group (NYSE:UNM) last released its earnings results on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.16). The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.35 billion. Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.16 EPS. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. On average, analysts anticipate that Unum Group will post 9.14 EPS for the current 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 given a $0.46 dividend. The ex-dividend date was Friday, July 25th. This is a positive change from Unum Group’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 2.3%. Unum Group’s dividend 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.