Brown Miller Wealth Management LLC Makes New $274,000 Investment in Unum Group $UNM

Brown Miller Wealth Management LLC acquired a new stake in Unum Group (NYSE:UNM) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,399 shares of the financial services provider’s stock, valued at approximately $274,000.

Several other large investors have also recently made changes to their positions in UNM. Hennessy Advisors Inc. bought a new position in Unum Group during the second quarter valued at about $8,593,000. QRG Capital Management Inc. boosted its stake in Unum Group by 4.5% in the second quarter. QRG Capital Management Inc. now owns 19,915 shares of the financial services provider’s stock valued at $1,608,000 after acquiring an additional 852 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Unum Group by 7.0% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 150,251 shares of the financial services provider’s stock valued at $12,134,000 after acquiring an additional 9,884 shares during the period. Vicus Capital purchased a new stake in shares of Unum Group during the 2nd quarter worth approximately $253,000. Finally, Consolidated Planning Corp increased its stake in shares of Unum Group by 5.8% during the 2nd quarter. Consolidated Planning Corp now owns 75,090 shares of the financial services provider’s stock worth $6,064,000 after purchasing an additional 4,135 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Unum Group Trading Up 1.1%

Shares of UNM opened at $79.43 on Friday. Unum Group has a twelve month low of $59.98 and a twelve month high of $84.48. The stock has a market cap of $13.53 billion, a PE ratio of 9.50, a P/E/G ratio of 1.34 and a beta of 0.36. 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 business’s 50-day moving average price is $72.98 and its 200-day moving average price is $77.19.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.07 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.16). The firm had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. Unum Group’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.16 EPS. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. On average, equities analysts forecast that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 25th were issued a $0.46 dividend. The ex-dividend date of this dividend was Friday, July 25th. This is an increase 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%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on UNM shares. Evercore ISI decreased their target price on Unum Group from $100.00 to $96.00 and set an “outperform” rating for the company in a research report on Wednesday, July 30th. Morgan Stanley lowered their price objective on Unum Group from $85.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Monday, August 18th. UBS Group set a $87.00 target price on shares of Unum Group and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Wolfe Research raised shares of Unum Group to a “strong-buy” rating in a research report on Tuesday, September 16th. Finally, Piper Sandler upped their price target on shares of Unum Group from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, July 3rd. 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.com, Unum Group has an average rating of “Moderate Buy” and a consensus price target of $91.14.

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.