7,118 Shares in Unum Group $UNM Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC acquired a new stake in shares of Unum Group (NYSE:UNM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,118 shares of the financial services provider’s stock, valued at approximately $636,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of Unum Group in the fourth quarter worth approximately $1,108,919,000. Canada Pension Plan Investment Board purchased a new position in Unum Group in the 2nd quarter worth approximately $84,097,000. Zurich Insurance Group Ltd FI bought a new position in Unum Group in the 4th quarter valued at approximately $58,860,000. Alyeska Investment Group L.P. lifted its position in Unum Group by 365.3% in the 4th quarter. Alyeska Investment Group L.P. now owns 930,534 shares of the financial services provider’s stock valued at $72,116,000 after acquiring an additional 730,534 shares in the last quarter. Finally, Donald Smith & CO. Inc. purchased a new stake in Unum Group during the 2nd quarter valued at $58,064,000. 86.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on UNM. Evercore reissued an “outperform” rating and issued a $106.00 target price on shares of Unum Group in a report on Tuesday, July 7th. Morgan Stanley increased their price objective on Unum Group from $87.00 to $92.00 and gave the company an “equal weight” rating in a research report on Monday, August 24th. Wolfe Research reduced their price objective on Unum Group from $102.00 to $100.00 and set an “outperform” rating for the company in a report on Monday, July 6th. UBS Group set a $94.00 target price on Unum Group in a research report on Tuesday, July 7th. Finally, Atlantic Securities set a $88.00 target price on shares of Unum Group in a research note on Wednesday, July 15th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Unum Group has a consensus rating of “Moderate Buy” and a consensus target price of $99.42.

Unum Group Price Performance

Shares of UNM opened at $93.16 on Monday. The firm has a fifty day simple moving average of $89.40 and a two-hundred day simple moving average of $82.30. The firm has a market cap of $14.75 billion, a PE ratio of 21.72, a P/E/G ratio of 0.98 and a beta of 0.26. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. Unum Group has a 1-year low of $68.70 and a 1-year high of $94.55.

Unum Group (NYSE:UNM) last released its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the business posted $1.92 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. On average, equities analysts anticipate that Unum Group will post 8.64 EPS for the current year.

Unum Group announced that its board has approved a stock buyback plan on Wednesday, August 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to buy up to 7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Unum Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 24th were given a $0.505 dividend. The ex-dividend date of this dividend was Friday, July 24th. This is a positive change from Unum Group’s previous quarterly dividend of $0.46. This represents a $2.02 annualized dividend and a yield of 2.2%. Unum Group’s payout ratio is 47.09%.

Unum Group Company Profile

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.