NorthRock Partners LLC Grows Position in Unum Group $UNM

NorthRock Partners LLC increased its position in Unum Group (NYSE:UNM) by 14.2% in the second quarter, HoldingsChannel reports. The firm owned 7,773 shares of the financial services provider’s stock after purchasing an additional 966 shares during the quarter. NorthRock Partners LLC’s holdings in Unum Group were worth $628,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quintet Private Bank Europe S.A. purchased a new position in shares of Unum Group in the 2nd quarter valued at approximately $28,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Unum Group in the 1st quarter valued at approximately $30,000. Atwood & Palmer Inc. lifted its stake in shares of 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 purchasing an additional 200 shares during the period. N.E.W. Advisory Services LLC purchased a new position in shares of Unum Group in the 1st quarter valued at approximately $35,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake 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 valued at $39,000 after purchasing an additional 317 shares during the period. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Unum Group Stock Up 1.4%

UNM stock opened at $76.49 on Wednesday. Unum Group has a 1-year low of $61.37 and a 1-year high of $84.48. The business has a fifty day moving average price of $73.50 and a 200-day moving average price of $76.96. 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 stock has a market capitalization of $13.03 billion, a P/E ratio of 9.15, a P/E/G ratio of 1.27 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 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.16). Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the prior year, the firm earned $2.16 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Equities analysts forecast that Unum Group will post 9.14 earnings per share for the current fiscal 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 paid a $0.46 dividend. The ex-dividend date is Friday, October 24th. This represents a $1.84 annualized dividend and a dividend yield of 2.4%. Unum Group’s payout ratio is currently 22.01%.

Analysts Set New Price Targets

A number of research analysts have recently commented on UNM shares. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $95.00 target price (down previously from $100.00) on shares of Unum Group in a research note on Thursday, July 31st. Barclays raised their price objective on Unum Group from $92.00 to $95.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Unum Group in a research report on Wednesday, October 8th. UBS Group set a $87.00 price objective on Unum Group and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Finally, Piper Sandler raised their price objective on Unum Group from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, July 3rd. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $93.23.

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.