TD Asset Management Inc Purchases Shares of 147,385 Unum Group $UNM

TD Asset Management Inc purchased a new position in Unum Group (NYSE:UNM) during the second quarter, HoldingsChannel.com reports. The fund purchased 147,385 shares of the financial services provider’s stock, valued at approximately $13,176,000.

A number of other hedge funds have also recently modified their holdings of UNM. UBS Group AG raised its stake in shares of Unum Group by 5.4% during the fourth quarter. UBS Group AG now owns 1,356,916 shares of the financial services provider’s stock valued at $105,161,000 after acquiring an additional 68,957 shares during the last quarter. Qsemble Capital Management LP increased its holdings in Unum Group by 245.9% during the 4th quarter. Qsemble Capital Management LP now owns 106,742 shares of the financial services provider’s stock valued at $8,273,000 after purchasing an additional 75,885 shares during the period. GSA Capital Partners LLP purchased a new position in Unum Group during the 4th quarter valued at about $2,567,000. TABR Capital Management LLC bought a new position in Unum Group during the 4th quarter valued at approximately $5,768,000. Finally, Swedbank AB raised its position in Unum Group by 148.3% during the 4th quarter. Swedbank AB now owns 467,505 shares of the financial services provider’s stock valued at $36,232,000 after purchasing an additional 279,233 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Unum Group Trading Up 0.8%

UNM opened at $93.41 on Friday. The stock has a market cap of $14.79 billion, a PE ratio of 21.77, a PEG ratio of 0.98 and a beta of 0.26. 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 business has a 50 day moving average of $89.51 and a 200-day moving average of $81.26. Unum Group has a 52 week low of $68.28 and a 52 week 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 for the quarter, meeting the consensus estimate of $2.16. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $2.90 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The firm’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the company posted $1.92 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Equities research analysts predict that Unum Group will post 8.65 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 24th were issued a dividend of $0.505 per share. This is a boost from Unum Group’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, July 24th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.2%. Unum Group’s dividend payout ratio (DPR) is presently 47.09%.

Analysts Set New Price Targets

UNM has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price objective on Unum Group from $110.00 to $108.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Weiss Ratings upgraded Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Morgan Stanley raised their price target on Unum Group from $80.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. cut their price target on shares of Unum Group from $101.00 to $98.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Finally, Barclays upped their price objective on shares of Unum Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $99.00.

Unum Group 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.