Farther Finance Advisors LLC Trims Stock Position in Unum Group $UNM

Farther Finance Advisors LLC reduced its stake in shares of Unum Group (NYSE:UNM) by 10.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,105 shares of the financial services provider’s stock after selling 350 shares during the quarter. Farther Finance Advisors LLC’s holdings in Unum Group were worth $251,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in UNM. Quintet Private Bank Europe S.A. purchased a new position in Unum Group during the 2nd quarter valued at $28,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Unum Group in the 1st quarter worth about $30,000. Atwood & Palmer Inc. grew its position in shares of Unum Group by 100.0% in the 2nd quarter. Atwood & Palmer Inc. now owns 400 shares of the financial services provider’s stock worth $32,000 after buying an additional 200 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in shares of Unum Group in the 1st quarter worth about $35,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Unum Group by 196.9% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478 shares of the financial services provider’s stock worth $39,000 after buying an additional 317 shares during the period. 86.57% of the stock is owned by hedge funds and other institutional investors.

Unum Group Stock Performance

Shares of NYSE UNM opened at $77.81 on Wednesday. The firm’s 50-day moving average price is $73.08 and its 200-day moving average price is $77.24. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. The company has a market cap of $13.25 billion, a PE ratio of 9.31, a PEG ratio of 1.31 and a beta of 0.38. Unum Group has a 52-week low of $58.37 and a 52-week high of $84.48.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 11.77% and a return on equity of 13.44%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.16 EPS. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. As a group, analysts anticipate that Unum Group will post 9.14 EPS for the current year.

Unum Group Increases Dividend

The firm also recently disclosed 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. The ex-dividend date was Friday, July 25th. This represents a $1.84 annualized dividend and a dividend yield of 2.4%. Unum Group’s dividend payout ratio (DPR) is currently 22.01%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $95.00 target price (down from $100.00) on shares of Unum Group in a research report on Thursday, July 31st. Evercore ISI reduced their target price on shares of Unum Group from $100.00 to $96.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 30th. Morgan Stanley reduced their target price on shares of Unum Group from $85.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. Piper Sandler upped their target price on shares of Unum Group from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, July 3rd. Finally, Wolfe Research raised shares of Unum Group to a “strong-buy” rating in a research report on Tuesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Unum Group has a consensus rating of “Moderate Buy” and a consensus price target of $91.14.

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.