Kingsview Wealth Management LLC Has $2.88 Million Holdings in Unum Group $UNM

Kingsview Wealth Management LLC increased its position in Unum Group (NYSE:UNM) by 638.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,704 shares of the financial services provider’s stock after purchasing an additional 30,866 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Unum Group were worth $2,883,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. HighTower Advisors LLC raised its stake in shares of Unum Group by 0.3% in the first quarter. HighTower Advisors LLC now owns 60,370 shares of the financial services provider’s stock valued at $4,918,000 after acquiring an additional 201 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Unum Group in the first quarter worth about $646,000. Royal Bank of Canada lifted its position in shares of Unum Group by 0.5% during the first quarter. Royal Bank of Canada now owns 1,416,124 shares of the financial services provider’s stock worth $115,358,000 after purchasing an additional 6,648 shares in the last quarter. BTC Capital Management Inc. lifted its holdings in Unum Group by 5.0% during the 2nd quarter. BTC Capital Management Inc. now owns 71,836 shares of the financial services provider’s stock worth $5,731,000 after buying an additional 3,399 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of Unum Group by 8.1% during the first quarter. Raymond James Financial Inc. now owns 290,382 shares of the financial services provider’s stock worth $23,654,000 after buying an additional 21,770 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Insider Transactions at Unum Group

In related news, EVP Christopher W. Pyne sold 4,000 shares of Unum Group stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $78.04, for a total transaction of $312,160.00. Following the sale, the executive vice president directly owned 51,372 shares in the company, valued at $4,009,070.88. This trade represents a 7.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.92% of the stock is currently owned by company insiders.

Analyst Ratings Changes

UNM has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced their target price on Unum Group from $100.00 to $98.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Evercore ISI boosted their price objective on Unum Group from $96.00 to $99.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Wolfe Research upgraded shares of Unum Group to a “strong-buy” rating in a report on Tuesday, September 16th. UBS Group set a $87.00 price objective on Unum Group and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $95.00 price target (down from $100.00) on shares of Unum Group in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $94.67.

Unum Group Stock Up 1.0%

UNM stock opened at $76.72 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. The business’s fifty day moving average price is $76.29 and its two-hundred day moving average price is $76.81. Unum Group has a fifty-two week low of $66.81 and a fifty-two week high of $84.48. The stock has a market capitalization of $12.84 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 1.23 and a beta of 0.37.

Unum Group (NYSE:UNM) last announced its earnings results on Monday, November 3rd. The financial services provider reported $2.09 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.06). The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.31 billion. Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.13 earnings per share. Unum Group has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 24th were issued a dividend of $0.46 per share. The ex-dividend date was Friday, October 24th. This represents a $1.84 annualized dividend and a dividend yield of 2.4%. Unum Group’s dividend payout ratio is 35.87%.

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.