Boston Partners Takes Position in Unum Group $UNM

Key Points

• Boston Partners has acquired 82,634 shares of Unum Group, valued at approximately $6.7 million, indicating increased institutional interest in the company.
• Unum Group recently experienced a 7% stock price increase after lifting its guidance, with several analysts setting target prices ranging from $87 to $96.
• The company also increased its quarterly dividend from $0.42 to $0.46 per share, reflecting a commitment to returning value to its shareholders.

Boston Partners purchased a new stake in shares of Unum Group (NYSE:UNM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 82,634 shares of the financial services provider's stock, valued at approximately $6,729,000.

Several other large investors have also recently added to or reduced their stakes in UNM. Fifth Third Bancorp lifted its stake in shares of Unum Group by 4.0% in the 1st quarter. Fifth Third Bancorp now owns 3,558 shares of the financial services provider's stock worth $290,000 after acquiring an additional 136 shares during the period. Kovitz Investment Group Partners LLC raised its holdings in Unum Group by 0.8% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 18,211 shares of the financial services provider's stock worth $1,330,000 after purchasing an additional 147 shares in the last quarter. Private Trust Co. NA raised its holdings in Unum Group by 7.3% during the first quarter. Private Trust Co. NA now owns 2,757 shares of the financial services provider's stock worth $225,000 after purchasing an additional 187 shares in the last quarter. CWM LLC lifted its position in Unum Group by 1.4% in the first quarter. CWM LLC now owns 14,209 shares of the financial services provider's stock worth $1,158,000 after purchasing an additional 199 shares during the period. Finally, Sculati Wealth Management LLC boosted its stake in Unum Group by 0.5% during the 4th quarter. Sculati Wealth Management LLC now owns 38,901 shares of the financial services provider's stock valued at $2,841,000 after purchasing an additional 200 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors.

Unum Group Stock Down 0.1%

Shares of Unum Group stock traded down $0.0930 during midday trading on Thursday, hitting $69.3570. The company's stock had a trading volume of 545,712 shares, compared to its average volume of 1,427,135. Unum Group has a 1-year low of $52.71 and a 1-year high of $84.48. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $11.81 billion, a P/E ratio of 8.29, a PEG ratio of 1.17 and a beta of 0.40. The stock has a 50-day simple moving average of $76.84 and a 200-day simple moving average of $77.96.

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

Unum Group Increases Dividend

The business also recently disclosed 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 2.7%. This is a boost from Unum Group's previous quarterly dividend of $0.42. Unum Group's dividend payout ratio (DPR) is currently 22.01%.

Analyst Upgrades and Downgrades

UNM has been the topic of a number of research reports. Morgan Stanley dropped their price objective on Unum Group from $85.00 to $79.00 and set an "equal weight" rating on the stock in a research note on Monday. Piper Sandler upped their price target on shares of Unum Group from $88.00 to $92.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Keefe, Bruyette & Woods restated an "outperform" rating and set a $95.00 price objective (down previously from $100.00) on shares of Unum Group in a research report on Thursday, July 31st. Barclays set a $96.00 target price on shares of Unum Group and gave the stock an "overweight" rating in a report on Monday, July 7th. Finally, Wells Fargo & Company dropped their price target on Unum Group from $105.00 to $100.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. 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. According to MarketBeat.com, Unum Group currently has an average rating of "Moderate Buy" and an average price target of $91.15.

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.