Consolidated Planning Corp Has $6.06 Million Position in Unum Group $UNM

Key Points

• Consolidated Planning Corp has increased its position in Unum Group to $6.06 million, reflecting a 5.8% growth in holdings during the second quarter.
• Unum Group recently declared a quarterly dividend of $0.46, which is an increase from the previous $0.42, resulting in an annualized yield of 2.4%.
• Several brokerages have recently adjusted their ratings on Unum Group, with Wolfe Research upgrading it to a "strong-buy" and Piper Sandler raising the target price from $88.00 to $92.00.

Consolidated Planning Corp increased its holdings in shares of Unum Group (NYSE:UNM - Free Report) by 5.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,090 shares of the financial services provider's stock after buying an additional 4,135 shares during the period. Consolidated Planning Corp's holdings in Unum Group were worth $6,064,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in UNM. Quintet Private Bank Europe S.A. bought a new position in shares of Unum Group during the second quarter valued at $28,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Unum Group in the first quarter valued at $30,000. Atwood & Palmer Inc. increased its holdings in Unum Group by 100.0% in the second quarter. Atwood & Palmer Inc. now owns 400 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 200 shares during the period. N.E.W. Advisory Services LLC bought a new position in Unum Group during the 1st quarter worth $35,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Unum Group by 196.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478 shares of the financial services provider's stock worth $39,000 after buying an additional 317 shares during the period. 86.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on UNM. Wolfe Research raised Unum Group to a "strong-buy" rating in a research note on Tuesday, September 16th. Piper Sandler upped their target price on Unum Group from $88.00 to $92.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Morgan Stanley lowered their price target on shares of Unum Group from $85.00 to $79.00 and set an "equal weight" rating for the company in a report on Monday, August 18th. Wells Fargo & Company dropped their price target on shares of Unum Group from $105.00 to $100.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Finally, UBS Group set a $87.00 price objective on shares of Unum Group and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $91.14.

Unum Group Stock Performance

NYSE:UNM opened at $78.22 on Thursday. 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 twelve month low of $58.66 and a twelve month high of $84.48. The company has a fifty day moving average of $73.03 and a 200-day moving average of $77.25. The firm has a market capitalization of $13.32 billion, a P/E ratio of 9.36, a P/E/G ratio of 1.31 and a beta of 0.36.

Unum Group (NYSE:UNM - Get Free Report) last posted 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). Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The company had revenue of $3.36 billion during 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 company's revenue for the quarter was up 4.0% compared to the same quarter last year. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. As a group, sell-side 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. Investors of record on Friday, July 25th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, July 25th. This is an increase from Unum Group's previous quarterly dividend of $0.42. Unum Group's payout ratio is 22.01%.

Unum Group 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.

Want to see what other hedge funds are holding UNM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unum Group (NYSE:UNM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.