Empowered Funds LLC Boosts Holdings in Unum Group $UNM

Empowered Funds LLC raised its position in Unum Group (NYSE:UNM - Free Report) by 1,099.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 26,139 shares of the financial services provider's stock after buying an additional 23,959 shares during the quarter. Empowered Funds LLC's holdings in Unum Group were worth $1,909,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in UNM. Prosperity Consulting Group LLC raised its holdings in Unum Group by 1.6% during the first quarter. Prosperity Consulting Group LLC now owns 8,157 shares of the financial services provider's stock worth $596,000 after purchasing an additional 128 shares in the last quarter. D.A. Davidson & CO. increased its position in Unum Group by 1.9% during the 1st quarter. D.A. Davidson & CO. now owns 7,922 shares of the financial services provider's stock worth $579,000 after purchasing an additional 144 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Unum Group by 5.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,781 shares of the financial services provider's stock worth $218,000 after buying an additional 149 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Unum Group by 0.4% in the 4th quarter. Larson Financial Group LLC now owns 37,864 shares of the financial services provider's stock valued at $2,934,000 after buying an additional 159 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of Unum Group by 1.2% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 13,709 shares of the financial services provider's stock valued at $1,066,000 after buying an additional 165 shares during the period. Institutional investors and hedge funds own 86.57% of the company's stock.

Unum Group Trading Up 0.9%

NYSE:UNM opened at $89.84 on Friday. Unum Group has a 52-week low of $68.28 and a 52-week high of $93.21. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $88.64 and a 200-day simple moving average of $80.64. The company has a market capitalization of $14.22 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 0.94 and a beta of 0.26.

Unum Group (NYSE:UNM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $2.16 EPS for the quarter, meeting analysts' consensus estimates of $2.16. Unum Group had a net margin of 5.26% and a return on equity of 12.60%. The firm had revenue of $3.39 billion for the quarter, compared to analysts' expectations of $2.90 billion. During the same period in the prior year, the company earned $1.92 EPS. The firm's 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, equities research analysts expect that Unum Group will post 8.68 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 24th will be paid a dividend of $0.505 per share. This is a positive change from Unum Group's previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, July 24th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.2%. Unum Group's dividend payout ratio is 47.09%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on UNM shares. Atlantic Securities set a $88.00 target price on shares of Unum Group in a research report on Wednesday, July 15th. UBS Group set a $94.00 price target on shares of Unum Group in a report on Tuesday, July 7th. Jefferies Financial Group raised their price objective on shares of Unum Group from $117.00 to $123.00 and gave the company a "buy" rating in a research note on Friday, July 10th. Truist Financial boosted their price objective on shares of Unum Group from $88.00 to $96.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Finally, Evercore restated an "outperform" rating and set a $106.00 target price on shares of Unum Group in a research report on Tuesday, July 7th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Unum Group has an average rating of "Moderate Buy" and an average target price of $99.00.

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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