LPL Financial Lifts Unum Group (UNM) Stake by 1.5%

Unum Group (NYSE:UNM) is among the best holding company stocks to invest in. LPL Financial LLC has increased its stake in Unum Group (NYSE:UNM) by nearly 1.5%, as disclosed with the Securities and Exchange Commission. The financial advisor firm now owns a total of 301,684 shares of the stock, including the most recent purchase of 4,455 shares during the quarter. The ownership of the firm is worth $24,575,000, which translates to 0.17% of UNM.

Just recently, the Board of Directors of Unum Group (NYSE:UNM) announced a $0.460 quarterly dividend per its common stock share, reflecting the company’s healthy quarterly dividend yield of 2.6%. The declared dividend will only be paid to stockholders of record as of July 25, 2025, and is scheduled for August 15, 2025.

Unum Group (UNM): Among Small Cap Financial Stocks Hedge Funds Are Buying

Close up of a person’s hand signing a life insurance policy.

Analysts at Piper Sandler raised the price target on Unum Group (NYSE:UNM) to $92 from $88, while keeping an Overweight rating. What’s quite praiseworthy is the company’s deal with Fortitude Re that will reduce long-term care risk. The analysts highlight that the recent long-term care (LTC) block sale has resulted in even more financial flexibility for the company and, thus, improved free cash flow conversion.

Unum Group (NYSE:UNM) is a Tennessee-based company that delivers financial protection benefit solutions in the USA, UK, and Poland. Through its four main segments: Unum US, Unum International, Colonial Life, and Closed Block, the company offers its products to employers for the benefit of employees.

While we acknowledge the potential of UNM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than UNM and that has 100x upside potential, check out our report about this cheapest AI stock.

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