Strs Ohio Takes Position in Unum Group $UNM

Strs Ohio purchased a new position in shares of Unum Group (NYSE:UNM) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 39,546 shares of the financial services provider’s stock, valued at approximately $3,221,000.

A number of other institutional investors also recently made changes to their positions in UNM. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Unum Group in the first quarter valued at approximately $30,000. N.E.W. Advisory Services LLC acquired a new position in Unum Group during the first quarter valued at approximately $35,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Unum Group by 196.9% during 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 in the last quarter. Rossby Financial LCC acquired a new position in Unum Group during the first quarter valued at approximately $46,000. Finally, Wayfinding Financial LLC acquired a new position in Unum Group during the first quarter valued at approximately $49,000. Institutional investors own 86.57% of the company’s stock.

Wall Street Analyst Weigh In

UNM has been the subject of several research analyst reports. Piper Sandler upped their price target on shares of Unum Group from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, July 3rd. Morgan Stanley lowered 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 report on Monday, August 18th. Wolfe Research initiated coverage on shares of Unum Group in a report on Monday. They set an “outperform” rating for the company. JPMorgan Chase & Co. upped their price target on shares of Unum Group from $87.00 to $96.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Finally, UBS Group set a $87.00 price target on shares of Unum Group and gave the stock a “neutral” rating in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $91.15.

Unum Group Price Performance

UNM stock opened at $74.85 on Tuesday. The firm’s 50-day moving average price is $73.93 and its two-hundred day moving average price is $77.41. Unum Group has a 12-month low of $55.41 and a 12-month high of $84.48. The stock has a market capitalization of $12.75 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 1.27 and a beta of 0.38. 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) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.07 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.16). Unum Group had a return on equity of 13.44% and a net margin of 11.77%.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 firm earned $2.16 EPS. The company’s 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. As a group, equities analysts predict that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 25th were paid a $0.46 dividend. This is a boost from Unum Group’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, July 25th. Unum Group’s payout ratio is currently 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.