5 Best Hot Stocks To Buy Right Now

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In this article, we will look at the 5 best hot stocks to buy right now. If you want to explore similar stocks, you can also read 11 Best Hot Stocks To Buy Right Now.

5. Unum Group (NYSE:UNM)

YTD Return as of October 17: 66%

Number of Hedge Fund Holders: 25

Unum Group (NYSE:UNM) is a leading American insurance company that provides various financial protection benefit solutions in the United States, the United Kingdom, and Poland. At the end of Q2 2022, 25 hedge funds held stakes in Unum Group (NYSE:UNM) worth $436 million. This is compared to 30 positions in the previous quarter with stakes worth $323.5 million.

This October, JPMorgan analyst Jimmy Bhullar raised his price target on Unum Group (NYSE:UNM) to $42 from $36 and maintained a Neutral rating on the shares. On October 7, Truist analyst Mark Hughes raised his price target on Unum Group (NYSE:UNM) to $48 from $44 and reiterated a Buy rating on the shares.

On October 14, Unum Group (NYSE:UNM) declared a quarterly cash dividend of $0.33 per share of the company’s common stock. The dividend is payable on November 18 to stockholders of record on October 28. Unum Group (NYSE:UNM) is up 66% for the year and is offering a forward dividend yield of 3.16%, as of October 14. Unum Group (NYSE:UNM) is one of the best momentum stocks to buy now.

As of June 30, Viking Global is the leading shareholder in Unum Group (NYSE:UNM) and has stakes worth $146.6 million in the company.

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