Unum Group $UNM Shares Acquired by HHM Wealth Advisors LLC

HHM Wealth Advisors LLC lifted its position in Unum Group (NYSE:UNM) by 623.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,185 shares of the financial services provider’s stock after purchasing an additional 26,876 shares during the quarter. Unum Group makes up 0.3% of HHM Wealth Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. HHM Wealth Advisors LLC’s holdings in Unum Group were worth $2,519,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its holdings in shares of Unum Group by 155.6% in the first quarter. Invesco Ltd. now owns 2,278,473 shares of the financial services provider’s stock valued at $185,604,000 after acquiring an additional 1,387,139 shares during the period. Nuveen LLC acquired a new position in shares of Unum Group in the 1st quarter valued at $93,287,000. Teewinot Capital Advisers L.L.C. purchased a new stake in Unum Group in the 1st quarter valued at $58,881,000. Adage Capital Partners GP L.L.C. boosted its stake in Unum Group by 65.2% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 950,000 shares of the financial services provider’s stock worth $77,387,000 after purchasing an additional 375,000 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Unum Group during the 2nd quarter worth $27,601,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Stock Up 1.0%

Shares of NYSE UNM opened at $76.72 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average price of $76.29 and a 200 day moving average price of $76.81. Unum Group has a 52 week low of $66.81 and a 52 week high of $84.48. The stock has a market capitalization of $12.84 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 1.23 and a beta of 0.37.

Unum Group (NYSE:UNM) last posted its earnings results on Monday, November 3rd. The financial services provider reported $2.09 earnings per share 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 analysts’ expectations of $3.31 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.13 earnings per share. Unum Group has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently issued reports on UNM shares. Wells Fargo & Company dropped their price target on Unum Group from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 8th. Barclays increased their price target on Unum Group from $92.00 to $95.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. UBS Group set a $87.00 price objective on shares of Unum Group and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Wolfe Research upgraded shares of Unum Group to a “strong-buy” rating in a research note on Tuesday, September 16th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Unum Group from $94.00 to $92.00 and set a “neutral” rating on the stock in a report on Tuesday, November 4th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Unum Group has a consensus rating of “Moderate Buy” and a consensus target price of $94.67.

Insiders Place Their Bets

In other Unum Group news, EVP Christopher W. Pyne sold 4,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $78.04, for a total transaction of $312,160.00. Following the completion of the transaction, the executive vice president owned 51,372 shares of the company’s stock, valued at approximately $4,009,070.88. This trade represents a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.92% of the company’s stock.

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.