Plancorp LLC Makes New $481,000 Investment in Unum Group $UNM

Key Points

• Plancorp LLC has acquired 5,910 shares of Unum Group (NYSE:UNM), valued at approximately $481,000, marking a new investment in the financial services provider.
• Unum Group recently declared a quarterly dividend of $0.46, increasing from the previous $0.42, reflecting a dividend yield of 2.5%.
• Analysts have set new price targets for Unum Group, with a consensus rating of "Moderate Buy" and an average price target of $91.15.

Plancorp LLC acquired a new position in Unum Group (NYSE:UNM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,910 shares of the financial services provider's stock, valued at approximately $481,000.

Several other large investors have also recently bought and sold shares of UNM. Fifth Third Bancorp lifted its stake in shares of Unum Group by 4.0% in the 1st quarter. Fifth Third Bancorp now owns 3,558 shares of the financial services provider's stock worth $290,000 after acquiring an additional 136 shares during the period. Private Trust Co. NA raised its holdings in Unum Group by 7.3% during the first quarter. Private Trust Co. NA now owns 2,757 shares of the financial services provider's stock worth $225,000 after purchasing an additional 187 shares in the last quarter. CWM LLC lifted its position in Unum Group by 1.4% in the first quarter. CWM LLC now owns 14,209 shares of the financial services provider's stock worth $1,158,000 after purchasing an additional 199 shares during the period. Sculati Wealth Management LLC boosted its stake in Unum Group by 0.5% during the 4th quarter. Sculati Wealth Management LLC now owns 38,901 shares of the financial services provider's stock valued at $2,841,000 after purchasing an additional 200 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in shares of Unum Group by 0.3% during the 1st quarter. HighTower Advisors LLC now owns 60,370 shares of the financial services provider's stock valued at $4,918,000 after purchasing an additional 201 shares during the period. Institutional investors and hedge funds own 86.57% of the company's stock.

Analyst Ratings Changes

UNM has been the subject of several research reports. Morgan Stanley decreased their target price on Unum Group from $85.00 to $79.00 and set an "equal weight" rating for the company in a research note on Monday, August 18th. UBS Group set a $87.00 target price on shares of Unum Group and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Barclays set a $96.00 price target on shares of Unum Group and gave the stock an "overweight" rating in a research report on Monday, July 7th. Evercore ISI cut 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. Finally, Piper Sandler lifted their target price on Unum Group from $88.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. One equities research 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 company. According to MarketBeat, Unum Group has a consensus rating of "Moderate Buy" and an average price target of $91.15.

Unum Group Stock Down 0.7%

Shares of UNM traded down $0.48 during mid-day trading on Tuesday, reaching $73.21. The company's stock had a trading volume of 1,521,229 shares, compared to its average volume of 1,296,112. The company has a market cap of $12.47 billion, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 1.24 and a beta of 0.38. The business has a fifty day moving average of $74.50 and a 200 day moving average of $77.53. 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 1 year low of $52.71 and a 1 year high of $84.48.

Unum Group (NYSE:UNM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.16). Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same period in the previous year, the firm posted $2.16 earnings per share. The firm's quarterly 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. As a group, 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. Shareholders of record on Friday, July 25th were paid a $0.46 dividend. The ex-dividend date was Friday, July 25th. This represents a $1.84 annualized dividend and a yield of 2.5%. This is a boost from Unum Group's previous quarterly dividend of $0.42. Unum Group's dividend payout ratio (DPR) is currently 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.