Unum Group $UNM Stock Position Raised by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in Unum Group by 65.2%, acquiring 375,000 shares, bringing its total ownership to 950,000 shares valued at approximately $77.4 million.
• Unum Group's recent earnings report showed earnings per share (EPS) of $2.07, missing estimates by $0.16, despite revenue growth of 4.0% year-over-year.
• The company announced a quarterly dividend of $0.46 per share, reflecting an increase from the previous $0.42, which corresponds to an annual yield of 2.6%.

Adage Capital Partners GP L.L.C. boosted its position in Unum Group (NYSE:UNM - Free Report) by 65.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 950,000 shares of the financial services provider's stock after buying an additional 375,000 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.54% of Unum Group worth $77,387,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in UNM. Charles Schwab Investment Management Inc. raised its stake in shares of Unum Group by 4.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,816,520 shares of the financial services provider's stock valued at $473,814,000 after purchasing an additional 264,268 shares in the last quarter. Invesco Ltd. raised its stake in shares of 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 purchasing an additional 1,387,139 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Unum Group by 13.1% in the 1st quarter. Victory Capital Management Inc. now owns 1,654,489 shares of the financial services provider's stock valued at $134,775,000 after purchasing an additional 191,572 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of Unum Group in the 4th quarter valued at about $105,199,000. Finally, Royal Bank of Canada raised its stake in Unum Group by 0.5% during the first quarter. Royal Bank of Canada now owns 1,416,124 shares of the financial services provider's stock worth $115,358,000 after acquiring an additional 6,648 shares during the period. Institutional investors and hedge funds own 86.57% of the company's stock.

Analyst Upgrades and Downgrades

UNM has been the topic of several research reports. Morgan Stanley dropped 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. Evercore ISI decreased their target price on shares of Unum Group from $100.00 to $96.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $95.00 target price (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 research report on Monday, July 7th. Finally, Piper Sandler upped their target price on shares of Unum Group from $88.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $91.15.

Unum Group Price Performance

Shares of Unum Group stock traded up $0.58 on Friday, hitting $73.65. The company had a trading volume of 2,680,413 shares, compared to its average volume of 1,209,642. The business has a 50-day simple moving average of $74.81 and a 200-day simple moving average of $77.54. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market cap of $12.54 billion, a PE ratio of 8.81, a PEG ratio of 1.24 and a beta of 0.38. Unum Group has a 52 week low of $52.71 and a 52 week high of $84.48.

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

Unum Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 25th were issued a dividend of $0.46 per share. The ex-dividend date was Friday, July 25th. This is a positive change from Unum Group's previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 2.5%. Unum Group's payout ratio is 22.01%.

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.