GWN Securities Inc. Buys New Shares in Unum Group $UNM

GWN Securities Inc. purchased a new position in shares of Unum Group (NYSE:UNM) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 7,920 shares of the financial services provider’s stock, valued at approximately $708,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in shares of Unum Group during the 4th quarter worth about $247,000. EverSource Wealth Advisors LLC lifted its stake in Unum Group by 157.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,851 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 1,132 shares during the last quarter. Baird Financial Group Inc. grew its holdings in Unum Group by 26.6% during the second quarter. Baird Financial Group Inc. now owns 7,939 shares of the financial services provider’s stock worth $641,000 after purchasing an additional 1,666 shares during the period. Brown Advisory Inc. grew its holdings in Unum Group by 13.2% during the second quarter. Brown Advisory Inc. now owns 6,445 shares of the financial services provider’s stock worth $520,000 after purchasing an additional 753 shares during the period. Finally, Cresset Asset Management LLC increased its position in Unum Group by 6.1% during the second quarter. Cresset Asset Management LLC now owns 6,715 shares of the financial services provider’s stock worth $542,000 after buying an additional 386 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wolfe Research cut their price objective on Unum Group from $102.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, July 6th. Wells Fargo & Company boosted their target price on Unum Group from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Jefferies Financial Group raised their price target on Unum Group from $117.00 to $123.00 and gave the company a “buy” rating in a report on Friday, July 10th. Evercore reaffirmed an “outperform” rating and set a $106.00 price objective on shares of Unum Group in a research report on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Unum Group from $110.00 to $108.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $99.00.

Unum Group Price Performance

Shares of NYSE UNM opened at $93.41 on Friday. The firm has a market cap of $14.79 billion, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 0.99 and a beta of 0.26. The business’s 50 day moving average is $89.51 and its 200-day moving average is $81.26. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. Unum Group has a 1-year low of $68.28 and a 1-year high of $94.55.

Unum Group (NYSE:UNM) last released its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the company posted $1.92 EPS. The firm’s quarterly revenue was up .3% on a year-over-year basis. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Equities research analysts predict that Unum Group will post 8.65 earnings per share for the current year.

Unum Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 24th were given a $0.505 dividend. The ex-dividend date of this dividend was Friday, July 24th. This is a boost from Unum Group’s previous quarterly dividend of $0.46. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.2%. Unum Group’s dividend payout ratio (DPR) is presently 47.09%.

Unum Group Company Profile

Unum Group (NYSE: UNM) is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.

In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.