DMC Group LLC Has $804,000 Position in Unum Group $UNM

DMC Group LLC increased its stake in shares of Unum Group (NYSE:UNM) by 20.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 9,954 shares of the financial services provider’s stock after acquiring an additional 1,679 shares during the period. DMC Group LLC’s holdings in Unum Group were worth $804,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quintet Private Bank Europe S.A. bought a new stake in Unum Group during the second quarter worth about $28,000. Vermillion & White Wealth Management Group LLC bought a new stake in Unum Group during the first quarter worth about $30,000. Atwood & Palmer Inc. raised its holdings in Unum Group by 100.0% during the second 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 bought a new stake in Unum Group during the first quarter worth about $35,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Unum Group by 196.9% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 317 shares in the last quarter. Institutional investors own 86.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on UNM shares. Wells Fargo & Company lowered their price target on Unum Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Unum Group in a research report on Saturday, September 27th. Wolfe Research raised Unum Group to a “strong-buy” rating in a research report on Tuesday, September 16th. Morgan Stanley boosted their price target on Unum Group from $79.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Evercore ISI lowered their price target on Unum Group from $100.00 to $96.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.29.

Unum Group Stock Down 0.5%

NYSE UNM opened at $78.23 on Wednesday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. Unum Group has a 1-year low of $60.39 and a 1-year high of $84.48. The company has a 50 day moving average of $72.90 and a 200-day moving average of $77.15. The company has a market cap of $13.32 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 1.33 and a beta of 0.36.

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

Unum Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 25th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.4%. This is a positive change from Unum Group’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, July 25th. Unum Group’s payout ratio is 22.01%.

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.