Brown Miller Wealth Management LLC Buys Shares of 3,399 Unum Group $UNM

Key Points

• Brown Miller Wealth Management LLC acquired 3,399 shares of Unum Group, valued at approximately $274,000, indicating growing institutional interest in the financial services provider.
• Unum Group's quarterly earnings report revealed an EPS of $2.07, missing analysts’ expectations by $0.16, although revenue increased 4% compared to the previous year.
• Unum Group recently raised its dividend to $0.46, reflecting a solid annualized yield of 2.3% and a payout ratio of 22.01%.

Brown Miller Wealth Management LLC purchased a new position in shares of Unum Group (NYSE:UNM - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,399 shares of the financial services provider's stock, valued at approximately $274,000.

Other institutional investors also recently modified their holdings of the company. Stratos Wealth Partners LTD. boosted its position in 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 during the last quarter. Wellington Management Group LLP bought a new stake in shares of Unum Group during the 4th quarter valued at about $240,000. HighTower Advisors LLC grew its stake in 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 period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Unum Group in the first quarter worth approximately $646,000. Finally, Royal Bank of Canada lifted its stake in Unum Group by 0.5% in the first quarter. Royal Bank of Canada now owns 1,416,124 shares of the financial services provider's stock valued at $115,358,000 after buying an additional 6,648 shares during the period. 86.57% of the stock is owned by institutional investors.

Unum Group Stock Up 1.1%

Shares of NYSE:UNM opened at $79.43 on Friday. The business's 50 day moving average is $72.98 and its 200 day moving average is $77.19. Unum Group has a 12-month low of $59.98 and a 12-month high of $84.48. The stock has a market cap of $13.53 billion, a price-to-earnings ratio of 9.50, a PEG ratio of 1.34 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 (NYSE:UNM - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $2.07 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.16). The company had revenue of $3.36 billion during the quarter, compared to analysts' expectations of $3.35 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The company's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.16 earnings per share. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. On average, sell-side analysts forecast that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 25th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, July 25th. This is a positive change from Unum Group's previous quarterly dividend of $0.42. Unum Group's payout ratio is currently 22.01%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. UBS Group set a $87.00 price objective on shares of Unum Group and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Barclays set a $96.00 price target on shares of Unum Group and gave the company an "overweight" rating in a research note on Monday, July 7th. Weiss Ratings reissued a "buy (b)" rating on shares of Unum Group in a research report on Saturday, September 27th. Wolfe Research raised Unum Group to a "strong-buy" rating in a research note on Tuesday, September 16th. Finally, Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $95.00 price objective (down previously from $100.00) on shares of Unum Group in a research note on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $91.14.

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.

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