Unum Group $UNM Shares Sold by D. Scott Neal Inc.

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. cut its position in shares of Unum Group (NYSE:UNM - Free Report) by 2.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 portfolio, making the stock its 3rd biggest position. D. Scott Neal Inc. owned about 0.15% of Unum Group worth $21,368,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in shares of Unum Group during the 4th quarter valued at about $247,000. Cetera Investment Advisers raised its holdings in shares of Unum Group by 6.0% during the 4th quarter. Cetera Investment Advisers now owns 36,967 shares of the financial services provider's stock valued at $2,700,000 after buying an additional 2,105 shares during the period. Focus Partners Wealth raised its holdings in shares of Unum Group by 27.6% during the 4th quarter. Focus Partners Wealth now owns 5,172 shares of the financial services provider's stock valued at $378,000 after buying an additional 1,118 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Unum Group by 1.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,347 shares of the financial services provider's stock valued at $2,435,000 after purchasing an additional 589 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in Unum Group by 2.0% in the fourth quarter. Nuveen Asset Management LLC now owns 1,221,569 shares of the financial services provider's stock valued at $89,211,000 after purchasing an additional 24,461 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Unum Group Stock Performance

Shares of NYSE UNM opened at $75.19 on Monday. Unum Group has a 52-week low of $54.72 and a 52-week 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 stock has a market capitalization of $12.81 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 1.27 and a beta of 0.38. The stock's fifty day simple moving average is $74.07 and its 200 day simple moving average is $77.47.

Unum Group (NYSE:UNM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share for the quarter, missing analysts' consensus estimates of $2.23 by ($0.16). The business had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.35 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The business's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.16 EPS. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. As a group, sell-side analysts forecast that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages recently commented on UNM. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $95.00 price target (down previously from $100.00) on shares of Unum Group in a report on Thursday, July 31st. Wells Fargo & Company reduced their price target on Unum Group from $105.00 to $100.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Morgan Stanley reduced their price target on Unum Group from $85.00 to $79.00 and set an "equal weight" rating for the company in a report on Monday, August 18th. 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 research report on Tuesday, July 8th. Finally, Barclays set a $96.00 target price on Unum Group and gave the stock an "overweight" rating in a research report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $91.15.

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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