Unum Group $UNM Shares Purchased by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Unum Group by 22.8% during the second quarter, now owning 48,074 shares valued at approximately $3.95 million.
• Analysts have differing outlooks on Unum Group, with price targets ranging from $79.00 to $100.00, and an average rating of "Moderate Buy" based on multiple analyst reports.
• Unum Group recently announced a quarterly dividend of $0.46, increasing from the previous $0.42, which reflects a dividend yield of 2.4%.

Wealth Enhancement Advisory Services LLC lifted its stake in Unum Group (NYSE:UNM - Free Report) by 22.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 48,074 shares of the financial services provider's stock after purchasing an additional 8,933 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Unum Group were worth $3,948,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Stratos Wealth Partners LTD. raised its holdings in shares of Unum Group by 28.3% in the first quarter. Stratos Wealth Partners LTD. now owns 3,802 shares of the financial services provider's stock worth $310,000 after buying an additional 838 shares during the last quarter. Wellington Management Group LLP purchased a new position in Unum Group in the 4th quarter worth $240,000. HighTower Advisors LLC grew its stake in 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 last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Unum Group during the 1st quarter valued at about $646,000. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Unum Group by 88.4% in the first quarter. Asset Management One Co. Ltd. now owns 17,302 shares of the financial services provider's stock valued at $1,409,000 after purchasing an additional 8,120 shares during the period. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on UNM shares. Wells Fargo & Company dropped their target price on Unum Group from $105.00 to $100.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Morgan Stanley dropped their price objective 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. Wolfe Research raised shares of Unum Group to a "strong-buy" rating in a report on Tuesday, September 16th. Piper Sandler upped their price target on shares of Unum Group from $88.00 to $92.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Finally, JPMorgan Chase & Co. increased their price target on Unum Group from $87.00 to $96.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $91.14.

Unum Group Price Performance

Shares of Unum Group stock opened at $76.79 on Friday. The firm has a market cap of $13.08 billion, a PE ratio of 9.19, a P/E/G ratio of 1.30 and a beta of 0.38. Unum Group has a twelve month low of $57.57 and a twelve month high of $84.48. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $73.24 and a 200 day moving average price of $77.25.

Unum Group (NYSE:UNM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.07 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.16). The business 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 firm's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.16 earnings per share. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Sell-side analysts predict that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 25th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.4%. This is a positive change from Unum Group's previous quarterly dividend of $0.42. The ex-dividend date was Friday, July 25th. Unum Group's dividend payout ratio (DPR) is 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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