Unum Group $UNM Shares Purchased by Klein Pavlis & Peasley Financial Inc.

Key Points

• Klein Pavlis & Peasley Financial Inc. increased its stake in Unum Group by 42.7% in Q2 2023, acquiring an additional 7,981 shares, and their holdings in the company are now valued at $2.155 million.
• Unum Group recently increased its quarterly dividend to $0.46 per share, representing an annualized yield of 2.4%, up from a previous dividend of $0.42.
• Analysts have a consensus rating of "Moderate Buy" with a target price averaging $91.14, indicating positive sentiment towards Unum Group's stock performance.

Klein Pavlis & Peasley Financial Inc. grew its holdings in shares of Unum Group (NYSE:UNM - Free Report) by 42.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 26,681 shares of the financial services provider's stock after acquiring an additional 7,981 shares during the quarter. Unum Group comprises approximately 1.4% of Klein Pavlis & Peasley Financial Inc.'s holdings, making the stock its 26th largest position. Klein Pavlis & Peasley Financial Inc.'s holdings in Unum Group were worth $2,155,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Quintet Private Bank Europe S.A. bought a new stake in shares of Unum Group during the 2nd quarter worth about $28,000. Vermillion & White Wealth Management Group LLC bought a new stake in Unum Group during the first quarter worth approximately $30,000. Atwood & Palmer Inc. lifted its position in Unum Group by 100.0% in the second quarter. Atwood & Palmer Inc. now owns 400 shares of the financial services provider's stock worth $32,000 after purchasing an additional 200 shares during the period. N.E.W. Advisory Services LLC bought a new position in Unum Group during the 1st quarter valued at $35,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Unum Group by 196.9% during 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 period. 86.57% of the stock is owned by institutional investors and hedge funds.

Unum Group Stock Up 2.1%

UNM stock opened at $78.28 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market capitalization of $13.33 billion, a P/E ratio of 9.36, a P/E/G ratio of 1.32 and a beta of 0.38. Unum Group has a 52-week low of $58.03 and a 52-week high of $84.48. The company's 50 day simple moving average is $73.19 and its 200-day simple moving average is $77.25.

Unum Group (NYSE:UNM - Get Free Report) last posted its quarterly earnings data 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 return on equity of 13.44% and a net margin of 11.77%.The firm had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.35 billion. During the same quarter in the previous year, the firm posted $2.16 earnings per share. The company's revenue for the quarter 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, equities research analysts anticipate that Unum Group will post 9.14 EPS for the current year.

Unum Group Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Unum Group from $87.00 to $96.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Piper Sandler raised their price objective on shares of Unum Group from $88.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $95.00 target price (down from $100.00) on shares of Unum Group in a report on Thursday, July 31st. Wolfe Research raised shares of Unum Group to a "strong-buy" rating in a research note on Tuesday, September 16th. Finally, Wells Fargo & Company decreased their price target on shares of Unum Group from $105.00 to $100.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Unum Group currently has a consensus 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.

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