86,700 Shares in Unum Group $UNM Bought by Ieq Capital LLC

Key Points

• Ieq Capital LLC acquired 86,700 shares of Unum Group in the second quarter, valued at approximately $7.75 million. Institutional investors collectively own 86.57% of the company.
• Analysts maintain a generally positive view, with eight Buy ratings and six Holds, producing a “Moderate Buy” consensus and an average price target of $99.
• Unum matched quarterly earnings expectations at $2.16 per share and raised its quarterly dividend from $0.46 to $0.505 per share, equivalent to an annualized yield of about 2.3%.

Ieq Capital LLC bought a new position in shares of Unum Group (NYSE:UNM - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 86,700 shares of the financial services provider's stock, valued at approximately $7,751,000. Ieq Capital LLC owned about 0.05% of Unum Group at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Laurel Wealth Advisors LLC acquired a new position in shares of Unum Group during the 4th quarter worth about $25,000. SHP Wealth Management acquired a new stake in Unum Group in the 4th quarter valued at approximately $25,000. MBM Wealth Consultants LLC acquired a new stake in Unum Group in the 1st quarter valued at approximately $29,000. Triumph Capital Management bought a new position in Unum Group in the 3rd quarter worth approximately $31,000. Finally, Ancora Advisors LLC lifted its holdings in shares of Unum Group by 385.2% during the third quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider's stock worth $33,000 after buying an additional 339 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on UNM shares. Barclays increased their price objective on Unum Group from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, July 6th. Truist Financial upped their target price on shares of Unum Group from $88.00 to $96.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. UBS Group set a $94.00 price target on shares of Unum Group in a report on Tuesday, July 7th. Wolfe Research decreased their price target on shares of Unum Group from $102.00 to $100.00 and set an "outperform" rating on the stock in a research report on Monday, July 6th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Unum Group from $110.00 to $108.00 and set an "outperform" rating on the stock in a report on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $99.00.

Unum Group Price Performance

Shares of UNM stock opened at $87.75 on Monday. The stock's fifty day simple moving average is $89.38 and its 200 day simple moving average is $81.73. Unum Group has a one year low of $68.70 and a one year high of $94.55. The firm has a market cap of $13.89 billion, a price-to-earnings ratio of 20.45, a P/E/G ratio of 0.93 and a beta of 0.26. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.34 and a quick ratio of 0.34.

Unum Group (NYSE:UNM - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.16. The firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $2.90 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The business's revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.92 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. On average, analysts expect that Unum Group will post 8.65 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 24th were given a dividend of $0.505 per share. This is an increase from Unum Group's previous quarterly dividend of $0.46. The ex-dividend date was Friday, July 24th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.3%. Unum Group's dividend payout ratio is 47.09%.

Unum Group Profile

Unum Group NYSE: UNM is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.

In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.

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