Wealthstar Advisors LLC Has $569,000 Stake in Unum Group $UNM

Wealthstar Advisors LLC raised its position in Unum Group (NYSE:UNM) by 17.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,049 shares of the financial services provider’s stock after purchasing an additional 1,022 shares during the quarter. Wealthstar Advisors LLC’s holdings in Unum Group were worth $569,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Unum Group by 4.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,816,520 shares of the financial services provider’s stock valued at $473,814,000 after acquiring an additional 264,268 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Unum Group by 155.6% in the 1st quarter. Invesco Ltd. now owns 2,278,473 shares of the financial services provider’s stock valued at $185,604,000 after acquiring an additional 1,387,139 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Unum Group by 13.1% in the 1st quarter. Victory Capital Management Inc. now owns 1,654,489 shares of the financial services provider’s stock valued at $134,775,000 after acquiring an additional 191,572 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Unum Group by 0.5% in the 1st quarter. Royal Bank of Canada now owns 1,416,124 shares of the financial services provider’s stock valued at $115,358,000 after acquiring an additional 6,648 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in shares of Unum Group by 8.9% in the 1st quarter. Allianz Asset Management GmbH now owns 1,378,105 shares of the financial services provider’s stock valued at $112,260,000 after acquiring an additional 113,111 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Piper Sandler raised their price objective on Unum Group from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, July 3rd. UBS Group set a $87.00 price objective on Unum Group and gave the company a “neutral” rating in a report on Wednesday, July 30th. Morgan Stanley lifted their price target on Unum Group from $79.00 to $81.00 and gave the stock an “equal weight” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their price objective on Unum Group from $87.00 to $96.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $95.00 price objective (down previously from $100.00) on shares of Unum Group in a report on Thursday, July 31st. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.23.

Unum Group Stock Down 2.5%

NYSE UNM opened at $76.68 on Friday. 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 has a 1-year low of $61.28 and a 1-year high of $84.48. The company has a 50 day moving average of $73.14 and a 200-day moving average of $77.11. The company has a market cap of $13.06 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 1.33 and a beta of 0.36.

Unum Group (NYSE:UNM) last released 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). 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 during the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the previous year, the firm posted $2.16 earnings per share. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. On average, equities research analysts expect that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 24th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, October 24th. Unum Group’s payout ratio is currently 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.