Dumont & Blake Investment Advisors LLC Sells 2,605 Shares of Unum Group $UNM

Dumont & Blake Investment Advisors LLC reduced its position in shares of Unum Group (NYSE:UNM) by 23.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,505 shares of the financial services provider’s stock after selling 2,605 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Unum Group were worth $687,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quintet Private Bank Europe S.A. bought a new stake in shares of Unum Group during the second quarter worth about $28,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Unum Group during the first quarter worth about $30,000. Atwood & Palmer Inc. grew its holdings in shares of Unum Group by 100.0% during the second quarter. Atwood & Palmer Inc. now owns 400 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 200 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of Unum Group during the first quarter worth about $35,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Unum Group by 196.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 317 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.

Unum Group Price Performance

Shares of UNM opened at $75.42 on Friday. Unum Group has a 52-week low of $61.37 and a 52-week high of $84.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. The business’s 50 day moving average price is $73.83 and its two-hundred day moving average price is $76.81. The firm has a market cap of $12.84 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 1.24 and a beta of 0.36.

Unum Group (NYSE:UNM) last issued its quarterly earnings results 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). Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same period last year, the firm posted $2.16 earnings per share. Unum Group’s quarterly revenue was up 4.0% compared to the same quarter last year. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. On average, equities analysts anticipate that Unum Group will post 9.14 EPS for the current year.

Unum Group Dividend Announcement

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

Analyst Ratings Changes

UNM has been the topic of several analyst reports. Piper Sandler upped their target price on Unum Group from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, July 3rd. Wolfe Research upgraded Unum Group to a “strong-buy” rating in a report on Tuesday, September 16th. UBS Group set a $87.00 target price on Unum Group and gave the company a “neutral” rating in a report on Wednesday, July 30th. Barclays upped their target price on Unum Group from $92.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Finally, Morgan Stanley upped their target price on Unum Group from $79.00 to $81.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Unum Group has a consensus rating of “Moderate Buy” and a consensus price target of $93.23.

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.