Unum Group $UNM Shares Acquired by Allworth Financial LP

Allworth Financial LP increased its holdings in shares of Unum Group (NYSE:UNM) by 104.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,550 shares of the financial services provider’s stock after purchasing an additional 2,322 shares during the period. Allworth Financial LP’s holdings in Unum Group were worth $367,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of UNM. Charles Schwab Investment Management Inc. grew its stake in shares of Unum Group by 4.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,816,520 shares of the financial services provider’s stock worth $473,814,000 after purchasing an additional 264,268 shares during the period. Invesco Ltd. grew its holdings in shares of Unum Group by 155.6% during the first quarter. Invesco Ltd. now owns 2,278,473 shares of the financial services provider’s stock worth $185,604,000 after buying an additional 1,387,139 shares in the last quarter. Allianz Asset Management GmbH increased its stake in Unum Group by 11.5% in the second quarter. Allianz Asset Management GmbH now owns 1,537,189 shares of the financial services provider’s stock valued at $124,143,000 after purchasing an additional 159,084 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Unum Group by 3.6% during the 2nd quarter. Nordea Investment Management AB now owns 1,482,096 shares of the financial services provider’s stock valued at $119,235,000 after acquiring an additional 51,750 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in Unum Group by 0.5% during the first quarter. Royal Bank of Canada now owns 1,416,124 shares of the financial services provider’s stock worth $115,358,000 after purchasing an additional 6,648 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Insider Activity

In related news, EVP Christopher W. Pyne sold 4,000 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president owned 51,372 shares in the company, valued at $4,009,070.88. The trade was a 7.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.92% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. UBS Group set a $87.00 price target on shares of Unum Group and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Barclays increased their target price on Unum Group from $92.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Wolfe Research upgraded Unum Group to a “strong-buy” rating in a research note on Tuesday, September 16th. JPMorgan Chase & Co. reduced their price target on shares of Unum Group from $94.00 to $92.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 4th. Finally, Wells Fargo & Company reduced their price objective on Unum Group from $100.00 to $98.00 and set an “overweight” rating for the company in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $94.67.

Unum Group Stock Down 0.1%

UNM opened at $76.96 on Monday. 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 business has a 50 day moving average price of $76.18 and a 200 day moving average price of $76.84. The firm has a market cap of $12.88 billion, a P/E ratio of 9.21, a price-to-earnings-growth ratio of 1.23 and a beta of 0.37. Unum Group has a twelve month low of $66.81 and a twelve month high of $84.48.

Unum Group (NYSE:UNM) last announced its quarterly earnings data on Monday, November 3rd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.06). The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.31 billion. Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.13 EPS. Unum Group has set its FY 2025 guidance at EPS. Research analysts forecast that Unum Group will post 9.14 EPS for the current year.

Unum Group Dividend Announcement

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

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.