Sowell Financial Services LLC Sells 1,537 Shares of Unum Group $UNM

Sowell Financial Services LLC lowered its stake in Unum Group (NYSE:UNM) by 6.5% during the second quarter, Holdings Channel reports. The firm owned 22,000 shares of the financial services provider’s stock after selling 1,537 shares during the period. Sowell Financial Services LLC’s holdings in Unum Group were worth $1,777,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Quintet Private Bank Europe S.A. bought a new position in shares of Unum Group in the second quarter worth $28,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of Unum Group in the first quarter worth $30,000. Atwood & Palmer Inc. increased its position in shares of Unum Group by 100.0% in the second quarter. Atwood & Palmer Inc. now owns 400 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 200 shares during the period. N.E.W. Advisory Services LLC bought a new position in shares of Unum Group in the first quarter worth $35,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Unum Group by 196.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 317 shares during the period. Institutional investors own 86.57% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on UNM. Wells Fargo & Company decreased their price target on Unum Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. UBS Group set a $87.00 price objective on Unum Group and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Barclays set a $96.00 price objective on Unum Group and gave the company an “overweight” rating in a research note on Monday, July 7th. Evercore ISI reduced their price objective on Unum Group from $100.00 to $96.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. lifted their price target on Unum Group from $87.00 to $96.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Unum Group has a consensus rating of “Moderate Buy” and a consensus target price of $91.14.

Unum Group Trading Down 0.3%

Shares of UNM stock opened at $76.00 on Tuesday. The company has a market cap of $12.94 billion, a P/E ratio of 9.09, a PEG ratio of 1.29 and a beta of 0.38. The stock has a 50 day simple moving average of $73.45 and a two-hundred day simple moving average of $77.26. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. Unum Group has a fifty-two week low of $57.21 and a fifty-two week high of $84.48.

Unum Group (NYSE:UNM) last issued its 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). The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.35 billion. Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.16 earnings per share. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Research analysts forecast that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 25th were issued a dividend of $0.46 per share. This is a positive change from Unum Group’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, July 25th. Unum Group’s dividend payout ratio is presently 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.