Commerce Bank Takes $1.29 Million Position in Unum Group $UNM

by · The Markets Daily

Commerce Bank bought a new position in Unum Group (NYSE:UNM – Free Report) in the second quarter, Holdings Channel reports. The firm bought 14,489 shares of the financial services provider’s stock, valued at approximately $1,295,000.

A number of other large investors have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in shares of Unum Group in the fourth quarter worth $247,000. EverSource Wealth Advisors LLC increased its position in shares of Unum Group by 157.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,851 shares of the financial services provider’s stock valued at $149,000 after buying an additional 1,132 shares in the last quarter. Baird Financial Group Inc. increased its holdings in Unum Group by 26.6% in the 2nd quarter. Baird Financial Group Inc. now owns 7,939 shares of the financial services provider’s stock worth $641,000 after acquiring an additional 1,666 shares in the last quarter. Brown Advisory Inc. raised its position in shares of Unum Group by 13.2% during the 2nd quarter. Brown Advisory Inc. now owns 6,445 shares of the financial services provider’s stock worth $520,000 after purchasing an additional 753 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its position in shares of Unum Group by 6.1% in the second quarter. Cresset Asset Management LLC now owns 6,715 shares of the financial services provider’s stock valued at $542,000 after acquiring an additional 386 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on UNM shares. UBS Group set a $94.00 price target on shares of Unum Group in a research note on Tuesday, July 7th. Jefferies Financial Group upped their price objective on shares of Unum Group from $117.00 to $123.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Morgan Stanley raised their target price on Unum Group from $87.00 to $92.00 and gave the company an “equal weight” rating in a report on Monday. Wells Fargo & Company boosted their price target on shares of Unum Group from $100.00 to $101.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Finally, Barclays upped their target price on shares of Unum Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $99.42.

Get Our Latest Stock Report on Unum Group

Unum Group Trading Up 0.3%

NYSE UNM opened at $89.80 on Wednesday. The firm’s fifty day moving average is $89.29 and its two-hundred day moving average is $81.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a market cap of $14.22 billion, a PE ratio of 20.93, a P/E/G ratio of 0.95 and a beta of 0.26. Unum Group has a one year low of $68.70 and a one year high of $94.55.

Unum Group (NYSE:UNM – Get Free Report) last announced its 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 company 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 was up .3% on a year-over-year basis. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Analysts expect that Unum Group will post 8.65 earnings per share for the current year.

Unum Group Increases Dividend

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

About Unum Group

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding UNM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unum Group (NYSE:UNM – Free Report).