Unum Group $UNM Holdings Boosted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its stake in Unum Group (NYSE:UNM) by 2.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,920 shares of the financial services provider’s stock after acquiring an additional 801 shares during the period. PNC Financial Services Group Inc.’s holdings in Unum Group were worth $2,416,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in UNM. Brighton Jones LLC acquired a new position in Unum Group during the 4th quarter valued at approximately $247,000. Private Advisor Group LLC lifted its stake 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 during the last quarter. HighPoint Advisor Group LLC acquired a new position in shares of Unum Group during the first quarter valued at $211,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Unum Group during the first quarter worth about $6,989,000. Finally, Oak Thistle LLC grew its position 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 acquiring an additional 1,422 shares during the last quarter. 86.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Evercore ISI boosted their target price on shares of Unum Group from $96.00 to $99.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Wolfe Research upgraded Unum Group to a “strong-buy” rating in a research report on Tuesday, September 16th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $95.00 price objective (down from $100.00) on shares of Unum Group in a report on Thursday, July 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Unum Group in a research note on Thursday, November 13th. Finally, UBS Group set a $87.00 price target on Unum Group and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Two equities research 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $94.67.

Insider Activity

In other news, EVP Christopher W. Pyne sold 4,000 shares of Unum Group 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 transaction, the executive vice president owned 51,372 shares of the company’s stock, valued at $4,009,070.88. The trade was a 7.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.92% of the stock is owned by corporate insiders.

Unum Group Stock Performance

UNM opened at $76.72 on Wednesday. The business has a 50 day moving average price of $76.29 and a two-hundred day moving average price of $76.81. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market capitalization of $12.84 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 1.23 and a beta of 0.37. Unum Group has a 1-year low of $66.81 and a 1-year high of $84.48.

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

Unum Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders 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 annualized dividend and a dividend yield of 2.4%. Unum Group’s dividend payout ratio (DPR) 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.