Vident Advisory LLC Grows Holdings in Unum Group $UNM

Key Points

• Vident Advisory LLC increased its stake in Unum Group by 14.3%, owning a total of 29,611 shares worth $2.4 million after acquiring an additional 3,704 shares.
• Unum Group recently declared a quarterly dividend of $0.46, reflecting a positive increase from the previous dividend of $0.42, with a yield of 2.6%.
• Analysts have set new price targets for Unum Group, with most recent updates suggesting a target range of $87.00 to $96.00, indicating a consensus rating of "Moderate Buy."

Vident Advisory LLC grew its holdings in Unum Group (NYSE:UNM - Free Report) by 14.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,611 shares of the financial services provider's stock after purchasing an additional 3,704 shares during the quarter. Vident Advisory LLC's holdings in Unum Group were worth $2,412,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Unum Group in the first quarter valued at approximately $30,000. N.E.W. Advisory Services LLC purchased a new position in shares of Unum Group in the first quarter valued at approximately $35,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Unum Group by 196.9% in the first 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. Rossby Financial LCC purchased a new position in shares of Unum Group in the first quarter valued at approximately $46,000. Finally, Wayfinding Financial LLC purchased a new position in shares of Unum Group in the first quarter valued at approximately $49,000. Hedge funds and other institutional investors own 86.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on UNM shares. 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 note on Thursday, July 3rd. UBS Group set a $87.00 price target on shares of Unum Group and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Wells Fargo & Company decreased their price target on shares of Unum Group from $105.00 to $100.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Barclays set a $96.00 price target on shares of Unum Group and gave the stock an "overweight" rating in a research note on Monday, July 7th. Finally, Morgan Stanley decreased their price target on shares of Unum Group from $85.00 to $79.00 and set an "equal weight" rating for the company in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.15.

Unum Group Stock Up 0.3%

Shares of NYSE:UNM traded up $0.21 during trading on Thursday, hitting $72.99. 1,755,068 shares of the company were exchanged, compared to its average volume of 1,427,995. The stock has a market capitalization of $12.43 billion, a P/E ratio of 8.73, a PEG ratio of 1.18 and a beta of 0.38. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. Unum Group has a 12-month low of $52.71 and a 12-month high of $84.48. The firm's 50 day moving average price is $75.08 and its 200-day moving average price is $77.54.

Unum Group (NYSE:UNM - Get Free Report) last issued 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). The company had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.35 billion. Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The firm'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. On average, research 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 disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 25th were given a dividend of $0.46 per share. The ex-dividend date was Friday, July 25th. This represents a $1.84 annualized dividend and a dividend yield of 2.5%. This is a boost from Unum Group's previous quarterly dividend of $0.42. Unum Group's payout ratio is presently 22.01%.

Unum Group Company 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.