Mutual Advisors LLC Decreases Stake in Unum Group $UNM

Mutual Advisors LLC reduced its position in Unum Group (NYSE:UNM) by 5.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,681 shares of the financial services provider’s stock after selling 467 shares during the period. Mutual Advisors LLC’s holdings in Unum Group were worth $701,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. purchased a new position in Unum Group in the 2nd quarter valued at about $28,000. Vermillion & White Wealth Management Group LLC purchased a new position in Unum Group in the 1st quarter valued at about $30,000. Atwood & Palmer Inc. boosted its position in Unum Group by 100.0% in the 2nd quarter. Atwood & Palmer Inc. now owns 400 shares of the financial services provider’s stock valued at $32,000 after buying an additional 200 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in Unum Group in the 1st quarter valued at about $35,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Unum Group by 196.9% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 317 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Unum Group Trading Up 2.3%

NYSE UNM opened at $75.42 on Friday. Unum Group has a one year low of $61.37 and a one year high of $84.48. The company has a 50-day simple moving average of $73.83 and a 200-day simple moving average of $76.81. 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 firm has a market capitalization of $12.84 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 1.24 and a beta of 0.36.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $2.07 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.16). Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same period last year, the firm posted $2.16 earnings per share. 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, equities analysts forecast that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 24th will be issued a $0.46 dividend. 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 payout ratio is 22.01%.

Wall Street Analysts Forecast Growth

UNM has been the topic of a number of recent analyst reports. Evercore ISI cut their target price on shares of Unum Group from $100.00 to $96.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 30th. Morgan Stanley upped their target price 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. Piper Sandler upped their target price on shares of Unum Group from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, July 3rd. JPMorgan Chase & Co. upped 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. Finally, Wells Fargo & Company cut 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 note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.23.

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.