Unum Group $UNM is D. Scott Neal Inc.'s 3rd Largest Position

Key Points

• D. Scott Neal Inc. reduced its stake in Unum Group by 2.6% during the second quarter, now holding 264,589 shares valued at approximately $21.37 million.
• Unum Group recently increased its quarterly dividend from $0.42 to $0.46, representing an annualized yield of 2.4% and a payout ratio of 22.01%.
• Analysts have adjusted price targets for Unum Group, with an average target of $91.15 and ratings ranging from "Strong Buy" to "Moderate Buy".

D. Scott Neal Inc. reduced its holdings in Unum Group (NYSE:UNM - Free Report) by 2.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,589 shares of the financial services provider's stock after selling 7,086 shares during the quarter. Unum Group comprises 10.7% of D. Scott Neal Inc.'s investment portfolio, making the stock its 3rd biggest holding. D. Scott Neal Inc. owned 0.15% of Unum Group worth $21,368,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of UNM. Quintet Private Bank Europe S.A. acquired a new stake in shares of Unum Group during the 2nd quarter valued at approximately $28,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Unum Group during the 1st quarter valued at approximately $30,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Unum Group during the 1st quarter valued at approximately $35,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted 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 acquiring an additional 317 shares during the period. Finally, Rossby Financial LCC acquired a new stake in shares of Unum Group during the 1st quarter valued at approximately $46,000. 86.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on UNM shares. Evercore ISI reduced their price target on shares of Unum Group from $100.00 to $96.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. Piper Sandler lifted their price objective on Unum Group from $88.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, July 3rd. Wolfe Research upgraded Unum Group to a "strong-buy" rating in a research report on Tuesday. UBS Group set a $87.00 price objective on Unum Group and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company cut their price objective on Unum Group from $105.00 to $100.00 and set an "overweight" rating for the company 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Unum Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.14.

Unum Group Trading Down 0.1%

Shares of NYSE UNM traded down $0.07 during trading on Friday, hitting $76.18. 574,787 shares of the company traded hands, compared to its average volume of 1,432,915. Unum Group has a 1 year low of $56.50 and a 1 year high of $84.48. The company has a 50-day moving average price of $73.63 and a 200-day moving average price of $77.34. The firm has a market capitalization of $12.97 billion, a P/E ratio of 9.12, a P/E/G ratio of 1.27 and a beta of 0.38. 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 (NYSE:UNM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share (EPS) 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 company had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.35 billion. During the same period in the prior year, the firm earned $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. On average, equities analysts predict that Unum Group will post 9.14 EPS for the current year.

Unum Group Increases Dividend

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