Elevation Point Wealth Partners LLC Makes New Investment in Unum Group $UNM

Elevation Point Wealth Partners LLC bought a new stake in Unum Group (NYSE:UNM) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,883 shares of the financial services provider’s stock, valued at approximately $526,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC bought a new position in shares of Unum Group during the fourth quarter worth about $247,000. EverSource Wealth Advisors LLC lifted its position in Unum Group by 157.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,851 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 1,132 shares during the last quarter. Baird Financial Group Inc. lifted its position in Unum Group by 26.6% in the 2nd quarter. Baird Financial Group Inc. now owns 7,939 shares of the financial services provider’s stock valued at $641,000 after purchasing an additional 1,666 shares during the last quarter. Brown Advisory Inc. boosted its stake in Unum Group by 13.2% during the 2nd quarter. Brown Advisory Inc. now owns 6,445 shares of the financial services provider’s stock valued at $520,000 after purchasing an additional 753 shares during the period. Finally, Cresset Asset Management LLC boosted its stake in Unum Group by 6.1% during the 2nd quarter. Cresset Asset Management LLC now owns 6,715 shares of the financial services provider’s stock valued at $542,000 after purchasing an additional 386 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. UBS Group set a $94.00 target price on shares of Unum Group in a research report on Tuesday, July 7th. Wolfe Research reduced their price objective on Unum Group from $102.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, July 6th. Wells Fargo & Company increased their price objective on Unum Group from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Jefferies Financial Group raised their target price on Unum Group from $117.00 to $123.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Truist Financial raised their target price on Unum Group from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $99.42.

Unum Group Stock Performance

Shares of UNM opened at $89.80 on Wednesday. The firm has a 50-day moving average price of $89.29 and a 200 day moving average price of $81.91. The firm has a market capitalization of $14.22 billion, a PE ratio of 20.93, a P/E/G ratio of 0.95 and a beta of 0.26. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.35. Unum Group has a 52-week low of $68.70 and a 52-week high of $94.55.

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

Unum Group Increases Dividend

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