U.S. Capital Wealth Advisors LLC Makes New $2.02 Million Investment in Unum Group $UNM

Key Points

• U.S. Capital Wealth Advisors LLC has made a new investment of approximately $2.02 million in Unum Group, acquiring 24,951 shares during the second quarter.
• Unum Group's quarterly earnings report revealed an earnings per share (EPS) of $2.07, which fell short of analysts' expectations by $0.16.
• The company has declared a quarterly dividend of $0.46 per share, representing an increase from the previous dividend and a yield of 2.4%.

U.S. Capital Wealth Advisors LLC bought a new position in shares of Unum Group (NYSE:UNM - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 24,951 shares of the financial services provider's stock, valued at approximately $2,015,000.

Several other institutional investors have also recently made changes to their positions in UNM. Quintet Private Bank Europe S.A. purchased a new position in shares of Unum Group in the 2nd quarter valued at approximately $28,000. Vermillion & White Wealth Management Group LLC bought a new position in Unum Group in the first quarter worth $30,000. Atwood & Palmer Inc. lifted its position in Unum Group by 100.0% during the second quarter. Atwood & Palmer Inc. now owns 400 shares of the financial services provider's stock valued at $32,000 after buying an additional 200 shares during the period. N.E.W. Advisory Services LLC purchased a new position in Unum Group during the first quarter valued at $35,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings 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 buying an additional 317 shares in the last quarter. Institutional investors own 86.57% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on UNM shares. Wolfe Research upgraded shares of Unum Group to a "strong-buy" rating in a research note on Tuesday, September 16th. Evercore ISI decreased their target price on shares of Unum Group from $100.00 to $96.00 and set an "outperform" rating for the company in a research note on Wednesday, July 30th. UBS Group set a $87.00 price target on Unum Group and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Barclays set a $96.00 price target on Unum Group and gave the stock an "overweight" rating in a research note on Monday, July 7th. Finally, Piper Sandler boosted 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. 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 stock. According to data from MarketBeat.com, Unum Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.14.

Unum Group Stock Performance

Shares of UNM opened at $76.63 on Wednesday. The company has a market cap of $13.05 billion, a price-to-earnings ratio of 9.17, a P/E/G ratio of 1.28 and a beta of 0.38. The business's fifty day simple moving average is $73.40 and its two-hundred day simple moving average is $77.26. Unum Group has a 12 month low of $57.21 and a 12 month high of $84.48. The company has a current ratio of 0.30, a quick 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 results on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $3.35 billion. During the same period in the previous year, the company earned $2.16 earnings per share. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Research analysts anticipate that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Increases Dividend

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

Unum Group Profile

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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