JSF Financial LLC Acquires New Holdings in Unum Group $UNM

Key Points

• JSF Financial LLC has acquired a new stake in Unum Group, purchasing 13,148 shares valued at approximately $1,062,000.
• Unum Group has increased its quarterly dividend from $0.42 to $0.46 per share, reflecting a growing commitment to returning value to shareholders.
• The institutionally owned Unum Group has seen mixed analyst ratings, with a consensus price target of $91.14, indicating a "Moderate Buy" outlook.

JSF Financial LLC acquired a new stake in Unum Group (NYSE:UNM - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 13,148 shares of the financial services provider's stock, valued at approximately $1,062,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Brown Miller Wealth Management LLC acquired a new position in Unum Group during the second quarter valued at approximately $274,000. Hennessy Advisors Inc. bought a new stake in shares of Unum Group during the 2nd quarter worth $8,593,000. QRG Capital Management Inc. boosted its holdings in shares of Unum Group by 4.5% during the 2nd quarter. QRG Capital Management Inc. now owns 19,915 shares of the financial services provider's stock worth $1,608,000 after buying an additional 852 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Unum Group by 7.0% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 150,251 shares of the financial services provider's stock worth $12,134,000 after acquiring an additional 9,884 shares during the last quarter. Finally, Vicus Capital acquired a new position in Unum Group during the 2nd quarter worth $253,000. Institutional investors and hedge funds own 86.57% of the company's stock.

Analyst Upgrades and Downgrades

UNM has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price objective on Unum Group from $105.00 to $100.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. UBS Group set a $87.00 target price on Unum Group and gave the company a "neutral" rating in a report on Wednesday, July 30th. Barclays set a $96.00 target price on Unum Group and gave the company an "overweight" rating in a report on Monday, July 7th. Weiss Ratings reissued a "buy (b)" rating on shares of Unum Group in a research report on Saturday, September 27th. Finally, Evercore ISI reduced their price objective on Unum Group from $100.00 to $96.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $91.14.

Unum Group Price Performance

Shares of UNM stock opened at $79.43 on Friday. The stock has a 50 day moving average of $72.98 and a two-hundred day moving average of $77.19. 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 company has a market capitalization of $13.53 billion, a P/E ratio of 9.50, a P/E/G ratio of 1.34 and a beta of 0.36. Unum Group has a 12 month low of $59.98 and a 12 month high of $84.48.

Unum Group (NYSE:UNM - Get Free Report) last issued its 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). The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.35 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.16 earnings per share. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. As a group, equities analysts expect that Unum Group will post 9.14 EPS for the current year.

Unum Group Increases Dividend

The firm also recently announced 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 an increase from Unum Group's previous quarterly dividend of $0.42. The ex-dividend date was Friday, July 25th. This represents a $1.84 annualized dividend and a dividend yield of 2.3%. Unum Group's dividend payout ratio (DPR) is presently 22.01%.

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.

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