Bank of Nova Scotia Buys New Position in Unum Group $UNM

Bank of Nova Scotia purchased a new stake in Unum Group (NYSE:UNM - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 142,302 shares of the financial services provider's stock, valued at approximately $12,722,000. Bank of Nova Scotia owned about 0.09% of Unum Group at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Laurel Wealth Advisors LLC purchased a new position in Unum Group during the 4th quarter worth $25,000. SHP Wealth Management purchased a new stake in shares of Unum Group in the fourth quarter valued at about $25,000. MBM Wealth Consultants LLC purchased a new stake in shares of Unum Group in the first quarter valued at about $29,000. Triumph Capital Management bought a new position in shares of Unum Group during the third quarter valued at about $31,000. Finally, Ancora Advisors LLC lifted its position 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 valued at $33,000 after purchasing an additional 339 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on UNM shares. Wolfe Research decreased their price target on Unum Group from $102.00 to $100.00 and set an "outperform" rating for the company in a research report on Monday, July 6th. UBS Group set a $94.00 price objective on Unum Group in a research report on Tuesday, July 7th. Evercore restated an "outperform" rating and issued a $106.00 price objective on shares of Unum Group in a research note on Tuesday, July 7th. Weiss Ratings raised shares of Unum Group from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, July 28th. Finally, Wells Fargo & Company boosted their target price on Unum Group from $100.00 to $101.00 and gave the company an "overweight" rating in a research note on Thursday, July 9th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $99.42.

Unum Group Stock Up 1.9%

Unum Group stock opened at $89.45 on Tuesday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. Unum Group has a 1-year low of $68.70 and a 1-year high of $94.55. The firm has a market capitalization of $14.16 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 0.93 and a beta of 0.26. The firm has a 50 day simple moving average of $89.34 and a 200 day simple moving average of $81.82.

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

Unum Group Increases Dividend

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