US Bancorp DE Purchases 304 Shares of Unum Group $UNM

US Bancorp DE raised its position in shares of Unum Group (NYSE:UNM) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,007 shares of the financial services provider’s stock after acquiring an additional 304 shares during the period. US Bancorp DE owned approximately 0.06% of Unum Group worth $7,754,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Fifth Third Bancorp increased its position in Unum Group by 4.0% during the first quarter. Fifth Third Bancorp now owns 3,558 shares of the financial services provider’s stock valued at $290,000 after acquiring an additional 136 shares during the last quarter. Advisors Capital Management LLC increased its position in Unum Group by 2.2% during 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 during the last quarter. UMB Bank n.a. increased its position in Unum Group by 4.4% during the second quarter. UMB Bank n.a. now owns 4,016 shares of the financial services provider’s stock valued at $324,000 after acquiring an additional 168 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Unum Group by 14.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,465 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 183 shares during the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of Unum Group by 7.3% in the first quarter. Private Trust Co. NA now owns 2,757 shares of the financial services provider’s stock worth $225,000 after purchasing an additional 187 shares during the last quarter. Institutional investors own 86.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on UNM shares. Weiss Ratings restated a “buy (b)” rating on shares of Unum Group in a report on Wednesday, October 8th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $95.00 price target (down from $100.00) on shares of Unum Group in a report on Thursday, July 31st. Morgan Stanley upped their price target on shares of Unum Group from $79.00 to $81.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Wells Fargo & Company cut their price target on shares of Unum Group from $100.00 to $98.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.23.

Unum Group Stock Down 1.2%

Shares of Unum Group stock opened at $75.85 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. Unum Group has a 1 year low of $61.37 and a 1 year high of $84.48. The firm’s 50-day moving average is $73.27 and its two-hundred day moving average is $76.99. The stock has a market cap of $12.92 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 1.28 and a beta of 0.36.

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

Unum Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 24th will be issued a $0.46 dividend. The ex-dividend date of this dividend 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 currently 22.01%.

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.