Elevation Point Wealth Partners LLC Takes Position in Unum Group $UNM

Elevation Point Wealth Partners LLC acquired a new position in Unum Group (NYSE:UNM) during the second quarter, Holdings Channel reports. The firm acquired 5,883 shares of the financial services provider’s stock, valued at approximately $526,000.

Several other institutional investors have also modified their holdings of UNM. Norges Bank bought a new position in shares of Unum Group in the fourth quarter valued at $1,108,919,000. Zurich Insurance Group Ltd FI bought a new stake in shares of Unum Group during the 4th quarter worth $58,860,000. Alyeska Investment Group L.P. boosted its stake in shares of Unum Group by 365.3% during the 4th quarter. Alyeska Investment Group L.P. now owns 930,534 shares of the financial services provider’s stock worth $72,116,000 after acquiring an additional 730,534 shares in the last quarter. Donald Smith & CO. Inc. acquired a new position in shares of Unum Group in the 2nd quarter worth $58,064,000. Finally, AQR Capital Management LLC grew its holdings in shares of Unum Group by 35.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,339,289 shares of the financial services provider’s stock worth $181,622,000 after acquiring an additional 607,684 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Wall Street Analysts Forecast Growth

UNM has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price on Unum Group from $100.00 to $101.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Morgan Stanley upped their price objective on shares of Unum Group from $87.00 to $92.00 and gave the company an “equal weight” rating in a research note on Monday. Keefe, Bruyette & Woods decreased their target price on shares of Unum Group from $110.00 to $108.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. Atlantic Securities set a $88.00 target price on shares of Unum Group in a research report on Wednesday, July 15th. Finally, Weiss Ratings upgraded shares of Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $99.42.

Unum Group Stock Up 0.3%

NYSE:UNM opened at $89.80 on Wednesday. The business’s fifty day moving average price is $89.29 and its 200 day moving average price is $81.91. The firm has a market capitalization of $14.22 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 0.95 and a beta of 0.26. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. Unum Group has a 1-year low of $68.70 and a 1-year high of $94.55.

Unum Group (NYSE:UNM) last announced its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $2.16 EPS for the quarter, hitting analysts’ consensus estimates of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company posted $1.92 EPS. The business’s quarterly revenue was up .3% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. On average, sell-side analysts forecast that Unum Group will post 8.65 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 24th were issued a dividend of $0.505 per share. This is an increase from Unum Group’s previous quarterly dividend of $0.46. This represents a $2.02 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, July 24th. Unum Group’s dividend payout ratio is 47.09%.

Unum Group Company Profile

Unum Group (NYSE: UNM) is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.

In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.