Means Investment CO. Inc. Increases Stock Holdings in Unum Group $UNM

Means Investment CO. Inc. lifted its stake in shares of Unum Group (NYSE:UNM) by 4.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,719 shares of the financial services provider’s stock after purchasing an additional 257 shares during the quarter. Means Investment CO. Inc.’s holdings in Unum Group were worth $462,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UNM. Invesco Ltd. increased its stake in Unum Group by 155.6% in the 1st quarter. Invesco Ltd. now owns 2,278,473 shares of the financial services provider’s stock valued at $185,604,000 after buying an additional 1,387,139 shares during the period. Nuveen LLC purchased a new position in Unum Group during the first quarter worth about $93,287,000. Teewinot Capital Advisers L.L.C. purchased a new position in shares of Unum Group during the 1st quarter worth approximately $58,881,000. Allspring Global Investments Holdings LLC raised its position in Unum Group by 202.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 945,271 shares of the financial services provider’s stock worth $77,512,000 after acquiring an additional 632,358 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its stake in shares of Unum Group by 65.2% in the first quarter. Adage Capital Partners GP L.L.C. now owns 950,000 shares of the financial services provider’s stock valued at $77,387,000 after purchasing an additional 375,000 shares during the period. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Unum Group Stock Performance

Unum Group stock opened at $75.85 on Friday. Unum Group has a fifty-two week low of $61.37 and a fifty-two week high of $84.48. The company has a market capitalization of $12.92 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 1.28 and a beta of 0.36. The stock has a fifty day moving average of $73.27 and a two-hundred day moving average of $77.03. 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 issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.16). The company had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.16 earnings per share. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. On average, analysts anticipate that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 24th will be issued a dividend of $0.46 per share. The ex-dividend date is Friday, October 24th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.4%. Unum Group’s payout ratio is 22.01%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on UNM. Wolfe Research upgraded shares of Unum Group to a “strong-buy” rating in a research report on Tuesday, September 16th. Piper Sandler upped their price target on Unum Group from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, July 3rd. UBS Group set a $87.00 price objective on Unum Group and gave the company a “neutral” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. boosted their target price on Unum Group from $87.00 to $96.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Finally, Evercore ISI lowered their target price on Unum Group from $100.00 to $96.00 and set an “outperform” rating on the stock in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.23.

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.