6,281 Shares in Unum Group $UNM Acquired by Aviva PLC

Aviva PLC bought a new position in shares of Unum Group (NYSE:UNM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,281 shares of the financial services provider’s stock, valued at approximately $507,000.

Other institutional investors have also modified their holdings of the company. Advisors Capital Management LLC raised its stake in shares of Unum Group by 2.2% in the first quarter. Advisors Capital Management LLC now owns 6,308 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 136 shares in the last quarter. Waterfront Wealth Inc. increased its holdings in Unum Group by 0.5% during the 2nd quarter. Waterfront Wealth Inc. now owns 29,350 shares of the financial services provider’s stock worth $2,370,000 after purchasing an additional 158 shares during the period. Ritholtz Wealth Management raised its position in Unum Group by 0.4% in the 2nd quarter. Ritholtz Wealth Management now owns 42,327 shares of the financial services provider’s stock valued at $3,418,000 after purchasing an additional 160 shares in the last quarter. Savant Capital LLC raised its position in Unum Group by 0.3% in the 2nd quarter. Savant Capital LLC now owns 46,440 shares of the financial services provider’s stock valued at $3,750,000 after purchasing an additional 161 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Unum Group by 4.4% in the 2nd quarter. UMB Bank n.a. now owns 4,016 shares of the financial services provider’s stock valued at $324,000 after buying an additional 168 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Stock Down 0.6%

UNM opened at $76.86 on Friday. Unum Group has a one year low of $66.81 and a one year high of $84.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market capitalization of $12.86 billion, a P/E ratio of 9.19, a price-to-earnings-growth ratio of 1.23 and a beta of 0.37. The business’s 50-day simple moving average is $76.11 and its 200-day simple moving average is $76.88.

Unum Group (NYSE:UNM) last released its quarterly earnings results on Monday, November 3rd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.06). The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.13 EPS. Unum Group has set its FY 2025 guidance at EPS. Analysts anticipate that Unum Group will post 9.14 EPS for the current year.

Unum Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 24th will be given a dividend of $0.46 per share. The ex-dividend date is Friday, October 24th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.4%. Unum Group’s dividend payout ratio (DPR) is 35.87%.

Analysts Set New Price Targets

Several analysts recently weighed in on UNM shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Unum Group in a report on Wednesday, October 8th. UBS Group set a $87.00 price objective on shares of Unum Group and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Wells Fargo & Company decreased their price objective on shares of Unum Group from $100.00 to $98.00 and set an “overweight” rating for the company in a research report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their target price on Unum Group from $94.00 to $92.00 and set a “neutral” rating on the stock in a report on Tuesday, November 4th. Finally, Morgan Stanley raised their price target on Unum Group from $79.00 to $81.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $94.67.

Insider Activity at Unum Group

In related news, EVP Christopher W. Pyne sold 4,000 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $78.04, for a total value of $312,160.00. Following the completion of the sale, the executive vice president owned 51,372 shares in the company, valued at $4,009,070.88. This represents a 7.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.93% of the stock is owned by insiders.

About Unum Group

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.