6,795 Shares in Unum Group $UNM Purchased by Callan Family Office LLC

Callan Family Office LLC purchased a new stake in shares of Unum Group (NYSE:UNM) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 6,795 shares of the financial services provider’s stock, valued at approximately $607,000.

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

Unum Group Stock Up 0.3%

Shares of NYSE UNM opened at $89.80 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.35. The company has a market cap of $14.22 billion, a P/E ratio of 20.93, a P/E/G ratio of 0.95 and a beta of 0.26. Unum Group has a 52 week low of $68.70 and a 52 week high of $94.55. The business has a 50-day simple moving average of $89.29 and a two-hundred day simple moving average of $81.91.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share for the quarter, meeting the consensus estimate 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 analysts’ expectations of $2.90 billion. During the same period in the prior year, the business posted $1.92 earnings per share. The company’s revenue was up .3% on a year-over-year basis. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Research analysts anticipate that Unum Group will post 8.65 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 14th. Investors of record on Friday, July 24th were paid a dividend of $0.505 per share. This is an increase from Unum Group’s previous quarterly dividend of $0.46. This represents a $2.02 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, July 24th. Unum Group’s dividend payout ratio is presently 47.09%.

Analyst Upgrades and Downgrades

UNM has been the topic of several recent research reports. Truist Financial upped their price objective on shares of Unum Group from $88.00 to $96.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Wells Fargo & Company boosted their price target on shares of Unum Group from $100.00 to $101.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Atlantic Securities set a $88.00 price target on shares of Unum Group in a research note on Wednesday, July 15th. Morgan Stanley raised their price objective on shares of Unum Group from $87.00 to $92.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Evercore reiterated an “outperform” rating and issued a $106.00 price objective on shares of Unum Group in a research note on Tuesday, July 7th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Unum Group has an average rating of “Moderate Buy” and an average price target of $99.42.

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.