Kingsview Wealth Management LLC Buys New Position in Unum Group $UNM

Kingsview Wealth Management LLC purchased a new position in Unum Group (NYSE:UNM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 7,118 shares of the financial services provider’s stock, valued at approximately $636,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank bought a new stake in shares of Unum Group during the 4th quarter valued at $1,108,919,000. Charles Schwab Investment Management Inc. raised its holdings in Unum Group by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,653,246 shares of the financial services provider’s stock worth $438,127,000 after purchasing an additional 26,753 shares during the period. Dimensional Fund Advisors LP lifted its position in Unum Group by 7.7% during the first quarter. Dimensional Fund Advisors LP now owns 4,084,382 shares of the financial services provider’s stock valued at $298,287,000 after purchasing an additional 292,670 shares in the last quarter. AQR Capital Management LLC lifted its position in Unum Group by 35.1% during the third quarter. AQR Capital Management LLC now owns 2,339,289 shares of the financial services provider’s stock valued at $181,622,000 after purchasing an additional 607,684 shares in the last quarter. Finally, UBS Group AG grew its holdings in Unum Group by 5.4% during the fourth quarter. UBS Group AG now owns 1,356,916 shares of the financial services provider’s stock valued at $105,161,000 after purchasing an additional 68,957 shares during the period. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on UNM shares. JPMorgan Chase & Co. reduced their price target on Unum Group from $101.00 to $98.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Jefferies Financial Group boosted their price objective on Unum Group from $117.00 to $123.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Weiss Ratings raised shares of Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. UBS Group set a $94.00 target price on shares of Unum Group in a research note on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods lowered their price target 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 stock. Based on data from MarketBeat, Unum Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.42.

Unum Group Price Performance

NYSE:UNM opened at $93.16 on Monday. The business’s 50-day simple moving average is $89.40 and its two-hundred day simple moving average is $82.30. Unum Group has a 52 week low of $68.70 and a 52 week high of $94.55. The stock has a market cap of $14.75 billion, a PE ratio of 21.72, a P/E/G ratio of 0.98 and a beta of 0.26. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.35.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the company posted $1.92 earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, analysts forecast that Unum Group will post 8.64 EPS for the current fiscal year.

Unum Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 24th were paid a $0.505 dividend. This represents a $2.02 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, July 24th. This is a positive change from Unum Group’s previous quarterly dividend of $0.46. Unum Group’s dividend payout ratio is currently 47.09%.

Unum Group announced that its board has initiated a stock repurchase plan on Wednesday, August 26th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Unum Group 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.