Foster & Motley Inc. Purchases 3,430 Shares of Unum Group $UNM

Key Points

• Foster & Motley Inc. increased its holdings in Unum Group by 2.9% during Q2, acquiring 3,430 shares, bringing total ownership to 123,375 shares valued at approximately $9.96 million.
• Unum Group announced a quarterly dividend of $0.46 per share with a yield of 2.4%, to be paid on November 14th to investors of record on October 24th.
• The company's recent earnings report revealed $2.07 EPS, missing estimates, but it expects to post 9.14 EPS for the current fiscal year, with analysts adjusting future price targets.

Foster & Motley Inc. grew its holdings in shares of Unum Group (NYSE:UNM - Free Report) by 2.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 123,375 shares of the financial services provider's stock after buying an additional 3,430 shares during the quarter. Foster & Motley Inc. owned 0.07% of Unum Group worth $9,964,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of UNM. Quintet Private Bank Europe S.A. bought a new position in Unum Group in the 2nd quarter valued at $28,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Unum Group during the first quarter worth $30,000. Atwood & Palmer Inc. boosted its stake in shares of Unum Group by 100.0% during 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 shares of Unum Group in the first quarter worth about $35,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Unum Group by 196.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478 shares of the financial services provider's stock worth $39,000 after purchasing an additional 317 shares during the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Unum Group Trading Up 2.3%

UNM opened at $75.42 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. The firm has a market cap of $12.84 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 1.21 and a beta of 0.36. Unum Group has a 12 month low of $61.37 and a 12 month high of $84.48. The stock has a fifty day moving average price of $73.83 and a 200-day moving average price of $76.85.

Unum Group (NYSE:UNM - Get Free Report) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Unum Group's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.16 EPS. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. As a group, equities research analysts anticipate that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 24th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, October 24th. Unum Group's payout ratio is 22.01%.

Analysts Set New Price Targets

UNM has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their price objective on shares of Unum Group from $100.00 to $98.00 and set an "overweight" rating for the company in a report on Wednesday, October 8th. Evercore ISI decreased their price target on shares of Unum Group from $100.00 to $96.00 and set an "outperform" rating for the company in a research note on Wednesday, July 30th. Barclays boosted their price target on Unum Group from $92.00 to $95.00 and gave the company an "overweight" rating in a report on Wednesday, October 8th. Piper Sandler raised their price objective on Unum Group from $88.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $95.00 target price (down from $100.00) on shares of Unum Group in a research report on Thursday, July 31st. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $93.23.

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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