VIRGINIA RETIREMENT SYSTEMS ET Al Takes $27.60 Million Position in Unum Group $UNM

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Unum Group (NYSE:UNM) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 341,770 shares of the financial services provider’s stock, valued at approximately $27,601,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.20% of Unum Group at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Stratos Wealth Partners LTD. grew its stake in shares of Unum Group by 28.3% during the first quarter. Stratos Wealth Partners LTD. now owns 3,802 shares of the financial services provider’s stock valued at $310,000 after acquiring an additional 838 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Unum Group by 0.3% during the first quarter. HighTower Advisors LLC now owns 60,370 shares of the financial services provider’s stock worth $4,918,000 after purchasing an additional 201 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Unum Group during the first quarter worth about $646,000. Royal Bank of Canada lifted its position in shares of Unum Group by 0.5% during the first quarter. Royal Bank of Canada now owns 1,416,124 shares of the financial services provider’s stock worth $115,358,000 after purchasing an additional 6,648 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in shares of Unum Group by 88.4% during the first quarter. Asset Management One Co. Ltd. now owns 17,302 shares of the financial services provider’s stock worth $1,409,000 after purchasing an additional 8,120 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on UNM. Barclays increased their price target on shares of Unum Group from $92.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. UBS Group set a $87.00 price target on shares of Unum Group and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Wolfe Research raised shares of Unum Group to a “strong-buy” rating in a research report on Tuesday, September 16th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $95.00 target price (down previously from $100.00) on shares of Unum Group in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. raised their target price on shares of Unum Group from $87.00 to $96.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Unum Group presently has a consensus rating of “Moderate Buy” and an average target price of $93.23.

Unum Group Stock Performance

Shares of NYSE UNM opened at $75.42 on Monday. The firm’s 50-day moving average price is $73.83 and its two-hundred day moving average price is $76.79. The stock has a market capitalization of $12.84 billion, a P/E ratio of 9.02, a P/E/G ratio of 1.24 and a beta of 0.36. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. Unum Group has a 52-week low of $61.37 and a 52-week high of $84.48.

Unum Group (NYSE:UNM) last released its quarterly 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 business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.35 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm posted $2.16 EPS. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. As a group, sell-side analysts forecast that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Announces Dividend

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 dividend of $0.46 per share. 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 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.