OLD National Bancorp IN Has $762,000 Holdings in Unum Group $UNM

OLD National Bancorp IN lessened its position in shares of Unum Group (NYSE:UNM) by 19.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,435 shares of the financial services provider’s stock after selling 2,299 shares during the period. OLD National Bancorp IN’s holdings in Unum Group were worth $762,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Quintet Private Bank Europe S.A. bought a new position in shares of Unum Group during the second quarter worth about $28,000. Vermillion & White Wealth Management Group LLC acquired a new position in Unum Group during the 1st quarter worth approximately $30,000. Atwood & Palmer Inc. grew its stake in shares of Unum Group by 100.0% during the 2nd quarter. Atwood & Palmer Inc. now owns 400 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 200 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Unum Group in the first quarter valued at approximately $35,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of 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 purchasing an additional 317 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on UNM shares. Wells Fargo & Company decreased their target price on shares of Unum Group from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Wednesday, July 30th. Weiss Ratings restated a “buy (b)” rating on shares of Unum Group in a report on Saturday, September 27th. UBS Group set a $87.00 target price on Unum Group and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Piper Sandler increased their price target on Unum Group from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, July 3rd. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $95.00 price target (down previously from $100.00) on shares of Unum Group in a research report on Thursday, July 31st. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $91.14.

Unum Group Price Performance

NYSE:UNM opened at $78.60 on Tuesday. Unum Group has a 12-month low of $60.39 and a 12-month high of $84.48. The firm has a market capitalization of $13.39 billion, a price-to-earnings ratio of 9.40, a P/E/G ratio of 1.34 and a beta of 0.36. The stock’s 50 day moving average price is $72.95 and its two-hundred day moving average price is $77.14. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31.

Unum Group (NYSE:UNM) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.35 billion. During the same period in the previous year, the firm posted $2.16 earnings per share. The firm’s 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, analysts anticipate that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 25th were given a $0.46 dividend. The ex-dividend date of this dividend was Friday, July 25th. This is a boost from Unum Group’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 2.3%. Unum Group’s payout ratio is currently 22.01%.

Unum Group Company 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.