Dorsey Wright & Associates Has $6.36 Million Position in Unum Group $UNM

Dorsey Wright & Associates raised its stake in shares of Unum Group (NYSE:UNM) by 221.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 78,702 shares of the financial services provider’s stock after acquiring an additional 54,207 shares during the quarter. Unum Group makes up 1.5% of Dorsey Wright & Associates’ portfolio, making the stock its 21st largest holding. Dorsey Wright & Associates’ holdings in Unum Group were worth $6,356,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in UNM. Brighton Jones LLC acquired a new stake in shares of Unum Group during the 4th quarter worth about $247,000. Private Advisor Group LLC boosted its position in Unum Group by 7.8% in the first quarter. Private Advisor Group LLC now owns 30,821 shares of the financial services provider’s stock valued at $2,511,000 after buying an additional 2,222 shares in the last quarter. HighPoint Advisor Group LLC bought a new stake in Unum Group during the first quarter worth about $211,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Unum Group during the first quarter worth about $6,989,000. Finally, Oak Thistle LLC increased its holdings in shares of Unum Group by 7.3% during the first quarter. Oak Thistle LLC now owns 20,883 shares of the financial services provider’s stock worth $1,701,000 after buying an additional 1,422 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Insider Activity

In other news, EVP Christopher W. Pyne sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $78.04, for a total value of $312,160.00. Following the transaction, the executive vice president owned 51,372 shares of the company’s stock, valued at approximately $4,009,070.88. This trade represents a 7.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.92% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on UNM. Wolfe Research raised Unum Group to a “strong-buy” rating in a report on Tuesday, September 16th. Evercore ISI lifted their price objective on Unum Group from $96.00 to $99.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Barclays boosted their price objective on Unum Group from $92.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. UBS Group set a $87.00 target price on Unum Group and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Finally, Keefe, Bruyette & Woods reaffirmed 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. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Unum Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.67.

Unum Group Stock Up 1.0%

Shares of UNM opened at $76.72 on Wednesday. The business’s fifty day moving average price is $76.29 and its two-hundred day moving average price is $76.81. The firm has a market capitalization of $12.84 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 1.23 and a beta of 0.37. Unum Group has a 52 week low of $66.81 and a 52 week 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.

Unum Group (NYSE:UNM) last released its earnings results on Monday, November 3rd. The financial services provider reported $2.09 earnings per share 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 the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.13 EPS. Unum Group has set its FY 2025 guidance at EPS. On average, analysts predict that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders 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 presently 35.87%.

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.