Global Retirement Partners LLC Takes Position in Unum Group $UNM

Global Retirement Partners LLC purchased a new stake in Unum Group (NYSE:UNM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 8,337 shares of the financial services provider’s stock, valued at approximately $673,000.

A number of other hedge funds also recently bought and sold shares of the business. Brighton Jones LLC purchased a new stake in shares of Unum Group in the fourth quarter valued at approximately $247,000. Avantax Advisory Services Inc. grew its stake in Unum Group by 3.1% in the 1st 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 period. Cetera Investment Advisers increased its holdings in Unum Group by 69.1% in 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 in the last quarter. LPL Financial LLC increased its holdings in Unum Group by 1.5% in the 1st quarter. LPL Financial LLC now owns 301,684 shares of the financial services provider’s stock worth $24,575,000 after acquiring an additional 4,455 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in Unum Group during the first quarter worth $35,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Insider Activity

In related news, EVP Christopher W. Pyne sold 4,000 shares of the company’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 completion of the sale, the executive vice president owned 51,372 shares of the company’s stock, valued at approximately $4,009,070.88. This represents a 7.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Steven Andrew Zabel sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $76.38, for a total transaction of $572,850.00. Following the sale, the executive vice president owned 113,807 shares of the company’s stock, valued at approximately $8,692,578.66. The trade was a 6.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.92% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Unum Group in a research note on Tuesday. Barclays lifted their price objective on Unum Group from $92.00 to $95.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. cut their price objective on Unum Group from $94.00 to $92.00 and set a “neutral” rating for the company in a research note on Tuesday, November 4th. Wells Fargo & Company reduced their target price on Unum Group from $100.00 to $98.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. Finally, Morgan Stanley raised their target price on Unum Group from $79.00 to $81.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $94.67.

Unum Group Stock Down 0.5%

UNM stock opened at $75.97 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average of $76.47 and a two-hundred day moving average of $76.64. Unum Group has a 12 month low of $66.81 and a 12 month high of $84.48. The company has a market cap of $12.71 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 1.23 and a beta of 0.37.

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

Unum Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 24th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, October 24th. Unum Group’s payout ratio is currently 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.