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 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 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 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.

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