First Hawaiian Bank Makes New $1.15 Million Investment in Unum Group $UNM

Key Points

• First Hawaiian Bank has made a new investment in Unum Group, purchasing 14,055 shares valued at approximately $1.15 million in the first quarter.
• Unum Group recently increased its quarterly dividend to $0.46 per share, up from $0.42, representing an annualized dividend of $1.84 and a yield of 2.4%.
• Despite recent performance, analysts maintain a consensus rating of "Moderate Buy" for Unum Group, with a price target averaging around $91.15.

First Hawaiian Bank bought a new stake in Unum Group (NYSE:UNM - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,055 shares of the financial services provider's stock, valued at approximately $1,145,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UNM. Vermillion & White Wealth Management Group LLC acquired a new stake in Unum Group in the 1st quarter valued at about $30,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Unum Group in the first quarter valued at approximately $35,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Unum Group by 196.9% during the first 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 last quarter. Rossby Financial LCC acquired a new position in Unum Group during the first quarter worth $46,000. Finally, Wayfinding Financial LLC purchased a new stake in Unum Group in the 1st quarter valued at $49,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on UNM shares. UBS Group set a $87.00 price target on shares of Unum Group and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Wells Fargo & Company lowered their price target on Unum Group from $105.00 to $100.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Evercore ISI reduced their price objective on shares of Unum Group from $100.00 to $96.00 and set an "outperform" rating on the stock in a report on Wednesday, July 30th. Morgan Stanley decreased their target price on shares of Unum Group from $85.00 to $79.00 and set an "equal weight" rating on the stock in a research report on Monday, August 18th. Finally, Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $95.00 price target (down from $100.00) on shares of Unum Group in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.15.

Unum Group Price Performance

Shares of UNM opened at $75.19 on Friday. 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 fifty-two week low of $54.72 and a fifty-two week high of $84.48. The company has a market cap of $12.81 billion, a P/E ratio of 8.99, a PEG ratio of 1.27 and a beta of 0.38. The firm's 50 day moving average price is $74.07 and its 200 day moving average price is $77.50.

Unum Group (NYSE:UNM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share for the quarter, missing analysts' consensus estimates of $2.23 by ($0.16). The company had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.35 billion. Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The firm's revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.16 EPS. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. On average, research analysts forecast that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 25th were given a dividend of $0.46 per share. This is a boost from Unum Group's previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, July 25th. Unum Group's dividend payout ratio is presently 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.

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