Prudential Financial Inc. Has $16.53 Million Stock Position in Unum Group $UNM

Prudential Financial Inc. raised its position in shares of Unum Group (NYSE:UNM) by 25.3% in the second quarter, HoldingsChannel.com reports. The firm owned 204,658 shares of the financial services provider’s stock after purchasing an additional 41,316 shares during the quarter. Prudential Financial Inc.’s holdings in Unum Group were worth $16,528,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC acquired a new stake in shares of Unum Group during the fourth quarter worth $247,000. Avantax Advisory Services Inc. boosted its position in Unum Group by 3.1% during the first quarter. Avantax Advisory Services Inc. now owns 9,511 shares of the financial services provider’s stock valued at $775,000 after acquiring an additional 285 shares during the last quarter. Cetera Investment Advisers grew its holdings in Unum Group by 69.1% during the 1st quarter. Cetera Investment Advisers now owns 62,495 shares of the financial services provider’s stock worth $5,091,000 after acquiring an additional 25,528 shares during the period. HB Wealth Management LLC raised its position in shares of Unum Group by 44.5% in the 1st quarter. HB Wealth Management LLC now owns 8,565 shares of the financial services provider’s stock worth $698,000 after acquiring an additional 2,637 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in shares of Unum Group by 1.5% in the 1st quarter. LPL Financial LLC now owns 301,684 shares of the financial services provider’s stock valued at $24,575,000 after purchasing an additional 4,455 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Insider Buying and Selling at Unum Group

In related news, EVP Steven Andrew Zabel sold 7,500 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $76.38, for a total value of $572,850.00. Following the completion of the sale, the executive vice president directly owned 113,807 shares of the company’s stock, valued at approximately $8,692,578.66. This represents a 6.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Christopher W. Pyne sold 4,000 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $4,009,070.88. This trade represents a 7.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.92% of the company’s stock.

Unum Group Stock Down 0.3%

Unum Group stock opened at $76.34 on Thursday. The firm has a market capitalization of $12.77 billion, a price-to-earnings ratio of 9.13, a price-to-earnings-growth ratio of 1.23 and a beta of 0.37. The firm’s fifty day moving average price is $76.47 and its two-hundred day moving average price is $76.67. Unum Group has a 1-year low of $66.81 and a 1-year high of $84.48. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31.

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

Unum Group Dividend Announcement

The business also recently announced 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 of this dividend was Friday, October 24th. This represents a $1.84 annualized dividend and a dividend yield of 2.4%. Unum Group’s payout ratio is presently 35.87%.

Analysts Set New Price Targets

Several equities research analysts recently commented on UNM shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Unum Group in a research note on Tuesday. UBS Group set a $87.00 price objective on shares of Unum Group and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. 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 report on Wednesday, November 5th. Wolfe Research raised shares of Unum Group to a “strong-buy” rating in a research note on Tuesday, September 16th. 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 research note on Thursday, July 31st. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Unum Group presently has an average rating of “Moderate Buy” and a consensus target price of $94.67.

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.