11,200 Shares in Unum Group $UNM Acquired by Friedenthal Financial

Friedenthal Financial purchased a new position in shares of Unum Group (NYSE:UNM - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,200 shares of the financial services provider's stock, valued at approximately $905,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UNM. Brighton Jones LLC bought a new stake in Unum Group during the fourth quarter worth $247,000. Park Avenue Securities LLC lifted its stake in Unum Group by 2.7% during the first quarter. Park Avenue Securities LLC now owns 12,812 shares of the financial services provider's stock worth $1,044,000 after purchasing an additional 334 shares during the last quarter. First Citizens Bank & Trust Co. lifted its stake in Unum Group by 14.5% during the first quarter. First Citizens Bank & Trust Co. now owns 6,716 shares of the financial services provider's stock worth $547,000 after purchasing an additional 848 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Unum Group by 33.0% during the first quarter. Farther Finance Advisors LLC now owns 3,455 shares of the financial services provider's stock worth $283,000 after purchasing an additional 858 shares during the last quarter. Finally, Pallas Capital Advisors LLC lifted its stake in Unum Group by 14.8% during the first quarter. Pallas Capital Advisors LLC now owns 5,151 shares of the financial services provider's stock worth $420,000 after purchasing an additional 666 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.

Unum Group Stock Performance

Shares of Unum Group stock opened at $78.23 on Wednesday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $72.90 and a two-hundred day moving average price of $77.15. Unum Group has a 1-year low of $60.39 and a 1-year high of $84.48. The company has a market cap of $13.32 billion, a P/E ratio of 9.36, a PEG ratio of 1.33 and a beta of 0.36.

Unum Group (NYSE:UNM - Get Free Report) last issued 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). 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 for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the previous year, the business posted $2.16 earnings per share. The business's 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. As a group, analysts anticipate that Unum Group will post 9.14 EPS for the current year.

Unum Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 25th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, July 25th. This is an increase from Unum Group's previous quarterly dividend of $0.42. Unum Group's dividend payout ratio (DPR) is 22.01%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. UBS Group set a $87.00 target price on Unum Group and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Weiss Ratings reiterated a "buy (b)" rating on shares of Unum Group in a research note on Saturday, September 27th. Morgan Stanley increased their price target on Unum Group from $79.00 to $81.00 and gave the company an "equal weight" rating in a research note on Tuesday. Evercore ISI dropped their price target on Unum Group from $100.00 to $96.00 and set an "outperform" rating for the company in a research note on Wednesday, July 30th. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $95.00 price target (down from $100.00) on shares of Unum Group in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $91.29.

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.

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