VestGen Investment Management Invests $682,000 in Unum Group $UNM

VestGen Investment Management purchased a new position in shares of Unum Group (NYSE:UNM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,446 shares of the financial services provider’s stock, valued at approximately $682,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. AlphaQuest LLC grew its stake in shares of Unum Group by 592.4% during the 2nd quarter. AlphaQuest LLC now owns 18,038 shares of the financial services provider’s stock worth $1,457,000 after purchasing an additional 15,433 shares during the period. First Citizens Bank & Trust Co. grew its stake in shares of Unum Group by 200.2% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 20,160 shares of the financial services provider’s stock worth $1,628,000 after purchasing an additional 13,444 shares during the period. Ethic Inc. boosted its position in shares of Unum Group by 62.2% in the 2nd quarter. Ethic Inc. now owns 31,565 shares of the financial services provider’s stock worth $2,540,000 after buying an additional 12,110 shares in the last quarter. apricus wealth LLC boosted its position in shares of Unum Group by 1.4% in the 2nd quarter. apricus wealth LLC now owns 35,795 shares of the financial services provider’s stock worth $2,891,000 after buying an additional 495 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its position in shares of Unum Group by 5.7% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 6,110 shares of the financial services provider’s stock worth $493,000 after buying an additional 330 shares in the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on UNM shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Unum Group in a research report on Friday. Wells Fargo & Company decreased their price objective on shares of Unum Group from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 8th. Evercore ISI decreased their price objective on shares of Unum Group from $100.00 to $96.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 30th. Barclays boosted their price objective on shares of Unum Group from $92.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Finally, Morgan Stanley boosted their price objective on shares of Unum Group from $79.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Unum Group has a consensus rating of “Moderate Buy” and a consensus target price of $93.23.

Unum Group Price Performance

NYSE:UNM opened at $76.12 on Friday. The firm has a market cap of $12.96 billion, a price-to-earnings ratio of 9.11, a price-to-earnings-growth ratio of 1.25 and a beta of 0.36. Unum Group has a 12-month low of $61.37 and a 12-month 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. The company’s 50-day moving average is $74.44 and its two-hundred day moving average is $76.94.

Unum Group (NYSE:UNM) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.16). The company had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.16 earnings per share. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Research analysts expect that Unum Group will post 9.14 EPS for the current year.

Unum Group Announces Dividend

The business also recently disclosed 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. This represents a $1.84 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, October 24th. Unum Group’s dividend payout ratio is presently 22.01%.

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.