Aspen Investment Management Inc Invests $646,000 in Unum Group $UNM

Aspen Investment Management Inc acquired a new position in Unum Group (NYSE:UNM) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 8,330 shares of the financial services provider’s stock, valued at approximately $646,000.

A number of other large investors have also recently made changes to their positions in the business. OneDigital Investment Advisors LLC grew its position in shares of Unum Group by 4.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,484 shares of the financial services provider’s stock worth $271,000 after buying an additional 141 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Unum Group by 0.4% during the fourth quarter. Larson Financial Group LLC now owns 37,864 shares of the financial services provider’s stock valued at $2,934,000 after purchasing an additional 159 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Unum Group by 0.3% during the third quarter. Arizona State Retirement System now owns 49,017 shares of the financial services provider’s stock valued at $3,813,000 after purchasing an additional 160 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC boosted its position in shares of Unum Group by 1.2% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 13,709 shares of the financial services provider’s stock valued at $1,066,000 after purchasing an additional 165 shares in the last quarter. Finally, Valeo Financial Advisors LLC boosted its position in shares of Unum Group by 4.8% during the fourth quarter. Valeo Financial Advisors LLC now owns 3,714 shares of the financial services provider’s stock valued at $288,000 after purchasing an additional 169 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Unum Group news, EVP Lisa G. Iglesias sold 3,500 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $73.00, for a total value of $255,500.00. Following the sale, the executive vice president directly owned 29,453 shares of the company’s stock, valued at approximately $2,150,069. The trade was a 10.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christopher W. Pyne sold 4,852 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $72.47, for a total value of $351,624.44. Following the completion of the sale, the executive vice president directly owned 52,268 shares in the company, valued at $3,787,861.96. This trade represents a 8.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 20,352 shares of company stock valued at $1,568,804. 1.00% of the stock is currently owned by corporate insiders.

Unum Group Trading Up 1.9%

Unum Group stock opened at $83.81 on Thursday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.35. The business’s fifty day simple moving average is $77.07 and its two-hundred day simple moving average is $76.24. Unum Group has a 12 month low of $68.28 and a 12 month high of $84.04. The company has a market capitalization of $13.39 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 0.84 and a beta of 0.24.

Unum Group (NYSE:UNM) last released its earnings results on Tuesday, April 28th. The financial services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $2.07 by $0.07. Unum Group had a return on equity of 12.60% and a net margin of 5.86%.The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $2.91 billion. During the same period in the previous year, the company posted $2.04 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. As a group, equities analysts predict that Unum Group will post 8.73 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, April 24th. Unum Group’s payout ratio is 40.00%.

Analyst Ratings Changes

Several research firms recently weighed in on UNM. Keefe, Bruyette & Woods restated a “moderate buy” rating and set a $95.00 price target on shares of Unum Group in a research report on Thursday, March 26th. Truist Financial lifted their price target on Unum Group from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Barclays restated an “overweight” rating on shares of Unum Group in a research report on Friday, February 6th. Morgan Stanley dropped their price target on Unum Group from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 3rd. Finally, Bank of America dropped their price target on Unum Group from $83.00 to $77.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $93.25.

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.