Kendall Capital Management Buys Shares of 31,695 Unum Group $UNM

Kendall Capital Management purchased a new position in shares of Unum Group (NYSE:UNM) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 31,695 shares of the financial services provider’s stock, valued at approximately $2,834,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Laurel Wealth Advisors LLC acquired a new stake in Unum Group in the fourth quarter worth about $25,000. SHP Wealth Management acquired a new position in Unum Group during the 4th quarter valued at about $25,000. MBM Wealth Consultants LLC bought a new stake in shares of Unum Group during the 1st quarter worth about $29,000. Triumph Capital Management bought a new stake in shares of Unum Group during the 3rd quarter worth about $31,000. Finally, Ancora Advisors LLC raised its position in shares of Unum Group by 385.2% during the 3rd quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock worth $33,000 after buying an additional 339 shares in the last quarter. Institutional investors own 86.57% of the company’s stock.

Analyst Upgrades and Downgrades

UNM has been the topic of a number of research analyst reports. Jefferies Financial Group raised their price objective on shares of Unum Group from $117.00 to $123.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Wells Fargo & Company increased their price target on Unum Group from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Evercore reiterated an “outperform” rating and set a $106.00 price target on shares of Unum Group in a research report on Tuesday, July 7th. UBS Group set a $94.00 price target on Unum Group in a research report on Tuesday, July 7th. Finally, Weiss Ratings raised Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.00.

Unum Group Stock Up 0.9%

NYSE UNM opened at $87.75 on Friday. Unum Group has a 12 month low of $68.70 and a 12 month high of $94.55. The company has a market capitalization of $13.89 billion, a P/E ratio of 20.45, a PEG ratio of 0.93 and a beta of 0.26. The company’s 50 day simple moving average is $89.38 and its 200 day simple moving average is $81.70. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.34 and a quick ratio of 0.34.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.16. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Unum Group had a net margin of 5.26% and a return on equity of 12.60%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the firm posted $1.92 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Equities research analysts expect that Unum Group will post 8.65 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 24th were paid a dividend of $0.505 per share. The ex-dividend date of this dividend was Friday, July 24th. This represents a $2.02 annualized dividend and a dividend yield of 2.3%. This is a boost from Unum Group’s previous quarterly dividend of $0.46. Unum Group’s dividend payout ratio is 47.09%.

About Unum Group

Unum Group (NYSE: UNM) is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.

In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.