Livforsakringsbolaget Skandia Omsesidigt Buys 14,400 Shares of Unum Group $UNM

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in Unum Group by 21.3%, acquiring a total of 81,900 shares valued at approximately $6.6 million.
• Analysts have recently adjusted their price targets for Unum Group, with JPMorgan raising it to $96.00, while Evercore ISI reduced it to $96.00; the average target is now $91.14.
• The company declared a quarterly dividend of $0.46 per share, increasing from the previous $0.42, resulting in an annualized dividend yield of 2.4%.

Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Unum Group (NYSE:UNM - Free Report) by 21.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,900 shares of the financial services provider's stock after buying an additional 14,400 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Unum Group were worth $6,612,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Quintet Private Bank Europe S.A. acquired a new position in Unum Group during the second quarter valued at $28,000. Vermillion & White Wealth Management Group LLC acquired a new position in Unum Group during the first quarter valued at $30,000. Atwood & Palmer Inc. raised its position in 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 buying an additional 200 shares during the period. N.E.W. Advisory Services LLC acquired a new position in Unum Group during the first quarter valued at $35,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position 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 valued at $39,000 after buying an additional 317 shares during the period. 86.57% of the stock is owned by institutional investors and hedge funds.

Unum Group Stock Performance

Shares of UNM stock traded up $1.32 during mid-day trading on Tuesday, reaching $77.22. The stock had a trading volume of 368,383 shares, compared to its average volume of 1,448,214. The firm's 50 day simple moving average is $73.45 and its 200 day simple moving average is $77.26. 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 one year low of $57.21 and a one year high of $84.48. The firm has a market cap of $13.15 billion, a PE ratio of 9.24, a P/E/G ratio of 1.29 and a beta of 0.38.

Unum Group (NYSE:UNM - Get Free Report) last announced its quarterly earnings data 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). Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the prior year, the business posted $2.16 EPS. Unum Group's revenue was up 4.0% compared to the same quarter last year. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. On average, analysts forecast that Unum Group will post 9.14 EPS for the current year.

Unum Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors 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. The ex-dividend date was Friday, July 25th. This represents a $1.84 annualized dividend and a dividend yield of 2.4%. Unum Group's dividend payout ratio is 22.01%.

Analyst Ratings Changes

Several research analysts recently weighed in on UNM shares. JPMorgan Chase & Co. upped their price target on Unum Group from $87.00 to $96.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. UBS Group set a $87.00 target price on Unum Group and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Evercore ISI dropped their target price on Unum Group from $100.00 to $96.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 30th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $95.00 target price (down from $100.00) on shares of Unum Group in a research report on Thursday, July 31st. Finally, Wolfe Research raised Unum Group to a "strong-buy" rating in a research report on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Unum Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.14.

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.