Goelzer Investment Management Inc. Makes New $2.36 Million Investment in Unum Group $UNM

Key Points

• Goelzer Investment Management Inc. has invested approximately $2.36 million in Unum Group, acquiring 29,263 shares during the second quarter.
• Unum Group has declared an increase in its quarterly dividend from $0.42 to $0.46, resulting in an annual yield of 2.5%.
• Analysts have shown a positive outlook on Unum Group, with multiple upgrades in price targets, notably Piper Sandler raising theirs from $88.00 to $92.00.

Goelzer Investment Management Inc. acquired a new position in shares of Unum Group (NYSE:UNM - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 29,263 shares of the financial services provider's stock, valued at approximately $2,363,000.

Other hedge funds have also made changes to their positions in the company. Quintet Private Bank Europe S.A. acquired a new stake in shares of Unum Group during the second quarter worth $28,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Unum Group in the 1st quarter valued at $30,000. Atwood & Palmer Inc. boosted its holdings in shares of Unum Group by 100.0% in the 2nd 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 last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Unum Group in the 1st quarter valued at $35,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Unum Group by 196.9% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 317 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company's stock.

Unum Group Stock Performance

NYSE UNM traded down $0.06 during trading hours on Friday, reaching $76.19. The company's stock had a trading volume of 4,499,233 shares, compared to its average volume of 1,431,125. 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 business has a 50-day simple moving average of $73.56 and a 200 day simple moving average of $77.30. Unum Group has a 52 week low of $56.50 and a 52 week high of $84.48. The stock has a market cap of $12.98 billion, a PE ratio of 9.11, a PEG ratio of 1.29 and a beta of 0.38.

Unum Group (NYSE:UNM - Get Free Report) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share (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 business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the prior year, the business earned $2.16 EPS. The business's revenue was up 4.0% on a year-over-year basis. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Equities research analysts predict that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 25th were issued a $0.46 dividend. This is an increase from Unum Group's previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Friday, July 25th. Unum Group's dividend payout ratio is 22.01%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on UNM shares. Barclays set a $96.00 price target on shares of Unum Group and gave the company an "overweight" rating in a report on Monday, July 7th. Wolfe Research upgraded shares of Unum Group to a "strong-buy" rating in a report on Tuesday, September 16th. Morgan Stanley reduced 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 report on Monday, August 18th. UBS Group set a $87.00 target price on shares of Unum Group and gave the company a "neutral" rating in a report on Wednesday, July 30th. Finally, Keefe, Bruyette & Woods restated an "outperform" rating and set a $95.00 target price (down previously from $100.00) on shares of Unum Group in a report on Thursday, July 31st. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, Unum Group presently has an average rating of "Moderate Buy" and a consensus target price of $91.14.

About Unum Group

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.