Unum Group $UNM Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System trimmed its holdings in Unum Group (NYSE:UNM) by 2.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,100 shares of the financial services provider’s stock after selling 900 shares during the period. Louisiana State Employees Retirement System’s holdings in Unum Group were worth $3,642,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Friedenthal Financial acquired a new position in shares of Unum Group in the 2nd quarter valued at approximately $905,000. DMC Group LLC raised its position in shares of Unum Group by 20.3% in the 2nd quarter. DMC Group LLC now owns 9,954 shares of the financial services provider’s stock valued at $804,000 after purchasing an additional 1,679 shares in the last quarter. Belpointe Asset Management LLC raised its position in shares of Unum Group by 11.1% in the 2nd quarter. Belpointe Asset Management LLC now owns 8,091 shares of the financial services provider’s stock valued at $653,000 after purchasing an additional 810 shares in the last quarter. JSF Financial LLC acquired a new position in shares of Unum Group in the 2nd quarter valued at approximately $1,062,000. Finally, Brown Miller Wealth Management LLC acquired a new stake in shares of Unum Group during the 2nd quarter valued at approximately $274,000. 86.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UNM has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on Unum Group from $87.00 to $96.00 and gave the company a “neutral” rating in a research report on Tuesday, July 8th. Morgan Stanley increased their target price on Unum Group from $79.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Unum Group in a research report on Wednesday. Wells Fargo & Company dropped their target price on Unum Group from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Barclays increased their target price on Unum Group from $92.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday. Two 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 company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $93.23.

Unum Group Trading Down 2.5%

NYSE:UNM opened at $76.68 on Friday. Unum Group has a 1 year low of $61.28 and a 1 year high of $84.48. The stock has a market cap of $13.06 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 1.33 and a beta of 0.36. The business has a fifty day moving average of $73.14 and a 200-day moving average of $77.11. 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 released 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 return on equity of 13.44% and a net margin of 11.77%.The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the previous year, the company posted $2.16 EPS. The company’s revenue for the quarter 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. Equities analysts predict that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Friday, October 24th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.4%. Unum Group’s dividend payout ratio is currently 22.01%.

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.