111 Capital Lowers Position in Unum Group $UNM

Key Points

• 111 Capital has significantly reduced its position in Unum Group by 69.3%, leaving it with 6,160 shares valued at approximately $497,000.
• In Q1, several institutional investors increased their stakes in Unum Group, with Invesco Ltd. raising its position by 155.6%, now holding shares worth $185.6 million.
• Unum Group recently announced a quarterly dividend increase to $0.46 per share, reflecting a yield of 2.3% and a payout ratio of 22.01%.

111 Capital reduced its stake in Unum Group (NYSE:UNM - Free Report) by 69.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,160 shares of the financial services provider's stock after selling 13,887 shares during the quarter. 111 Capital's holdings in Unum Group were worth $497,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of UNM. Invesco Ltd. raised its position in Unum Group by 155.6% in the 1st quarter. Invesco Ltd. now owns 2,278,473 shares of the financial services provider's stock valued at $185,604,000 after buying an additional 1,387,139 shares during the last quarter. Nuveen LLC purchased a new stake in Unum Group in the 1st quarter valued at $93,287,000. Teewinot Capital Advisers L.L.C. purchased a new stake in Unum Group in the 1st quarter valued at $58,881,000. Assenagon Asset Management S.A. raised its position in Unum Group by 228.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,033,700 shares of the financial services provider's stock valued at $84,205,000 after buying an additional 719,152 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Unum Group by 202.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 945,271 shares of the financial services provider's stock valued at $77,512,000 after purchasing an additional 632,358 shares during the period. 86.57% of the stock is owned by hedge funds and other institutional investors.

Unum Group Stock Up 1.1%

UNM stock opened at $79.43 on Monday. Unum Group has a fifty-two week low of $59.98 and a fifty-two week high of $84.48. The stock has a fifty day moving average of $72.98 and a 200-day moving average of $77.16. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market capitalization of $13.53 billion, a price-to-earnings ratio of 9.50, a PEG ratio of 1.34 and a beta of 0.36.

Unum Group (NYSE:UNM - Get Free Report) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $2.07 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.16). Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the prior year, the business earned $2.16 EPS. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. As a group, equities research analysts predict that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 25th were paid a $0.46 dividend. The ex-dividend date was Friday, July 25th. This represents a $1.84 annualized dividend and a yield of 2.3%. This is an increase from Unum Group's previous quarterly dividend of $0.42. Unum Group's dividend payout ratio is 22.01%.

Analysts Set New Price Targets

A number of brokerages have issued reports on UNM. Wells Fargo & Company reduced their price objective on Unum Group from $105.00 to $100.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Morgan Stanley reduced their price objective on Unum Group from $85.00 to $79.00 and set an "equal weight" rating for the company in a research note on Monday, August 18th. Evercore ISI reduced their price objective on Unum Group from $100.00 to $96.00 and set an "outperform" rating for the company in a research note on Wednesday, July 30th. Weiss Ratings restated a "buy (b)" rating on shares of Unum Group in a research note on Saturday, September 27th. Finally, Piper Sandler upped their price objective on Unum Group from $88.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.14.

Unum Group Profile

Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, Poland, and internationally. It operates through Unum US, Unum International, Colonial Life, and Closed Block segment. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.

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