Junto Capital Management LP Purchases Shares of 319,245 Unum Group $UNM

Key Points

• Junto Capital Management LP has acquired 319,245 shares of Unum Group, valued at approximately $26 million, marking a new position for the firm.
• Unum Group reported earnings of $2.07 per share, missing analysts' consensus by $0.16, while showing a year-over-year revenue increase of 4%.
• The company recently announced a quarterly dividend increase to $0.46 per share, reflecting positive growth in its dividend payout ratio, now at 22.01%.

Junto Capital Management LP purchased a new stake in Unum Group (NYSE:UNM - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 319,245 shares of the financial services provider's stock, valued at approximately $26,006,000. Junto Capital Management LP owned approximately 0.18% of Unum Group as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of UNM. Brighton Jones LLC acquired a new position in shares of Unum Group in the fourth quarter valued at about $247,000. Price T Rowe Associates Inc. MD grew its stake in shares of Unum Group by 10.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 118,709 shares of the financial services provider's stock valued at $8,670,000 after acquiring an additional 11,589 shares in the last quarter. Northern Trust Corp grew its stake in shares of Unum Group by 33.2% in the fourth quarter. Northern Trust Corp now owns 1,930,349 shares of the financial services provider's stock valued at $140,973,000 after acquiring an additional 480,926 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Unum Group by 527.2% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 349,291 shares of the financial services provider's stock valued at $25,509,000 after acquiring an additional 293,599 shares in the last quarter. Finally, AXA S.A. grew its stake in shares of Unum Group by 25.6% in the fourth quarter. AXA S.A. now owns 296,134 shares of the financial services provider's stock valued at $21,627,000 after acquiring an additional 60,393 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on UNM shares. Piper Sandler increased their price objective on shares of Unum Group from $88.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, July 3rd. Morgan Stanley reduced their price objective on shares of Unum Group from $85.00 to $79.00 and set an "equal weight" rating on the stock in a research note on Monday, August 18th. Wells Fargo & Company reduced their price objective on shares of Unum Group from $105.00 to $100.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. UBS Group set a $87.00 price objective on shares of Unum Group and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Unum Group from $87.00 to $96.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $91.15.

Unum Group Price Performance

Shares of UNM stock traded up $0.17 on Tuesday, reaching $70.03. The company had a trading volume of 1,204,769 shares, compared to its average volume of 1,411,156. The stock has a market capitalization of $11.93 billion, a PE ratio of 8.38, a price-to-earnings-growth ratio of 1.18 and a beta of 0.38. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. Unum Group has a one year low of $52.71 and a one year high of $84.48. The business's 50-day moving average is $75.19 and its 200 day moving average is $77.57.

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

Unum Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 25th were issued a $0.46 dividend. This is a boost from Unum Group's previous quarterly dividend of $0.42. The ex-dividend date was Friday, July 25th. This represents a $1.84 dividend on an annualized basis and a yield of 2.6%. Unum Group's dividend payout ratio (DPR) is 22.01%.

Unum Group Company 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.