Algebris UK Ltd. Invests $35.41 Million in Unum Group $UNM

Key Points

• Algebris UK Ltd. acquired 397,355 shares of Unum Group in the second quarter, worth approximately $35.4 million, making up 2.3% of its portfolio and representing about 0.25% of Unum’s shares.
• Institutional ownership remains high at 86.57%, while analysts maintain a “Moderate Buy” consensus with an average price target of $99.00.
• Unum reported quarterly EPS of $2.16 and revenue of $3.39 billion, while raising its quarterly dividend to $0.505 per share, or $2.02 annually, for a 2.3% yield.

Algebris UK Ltd. bought a new stake in Unum Group (NYSE:UNM - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 397,355 shares of the financial services provider's stock, valued at approximately $35,412,000. Unum Group makes up about 2.3% of Algebris UK Ltd.'s holdings, making the stock its 19th biggest holding. Algebris UK Ltd. owned about 0.25% of Unum Group as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Csenge Advisory Group purchased a new stake in Unum Group during the 2nd quarter worth $466,000. West Family Investments Inc. purchased a new position in Unum Group in the 2nd quarter valued at about $247,000. NewEdge Wealth LLC acquired a new stake in shares of Unum Group during the second quarter valued at about $435,000. Empirical Asset Management LLC acquired a new stake in shares of Unum Group during the second quarter valued at about $376,000. Finally, Great Lakes Advisors LLC purchased a new stake in shares of Unum Group during the second quarter worth about $390,000. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UNM has been the topic of several analyst reports. Jefferies Financial Group lifted their price objective on Unum Group from $117.00 to $123.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Barclays raised their price target on shares of Unum Group from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, July 6th. JPMorgan Chase & Co. dropped their price target on shares of Unum Group from $101.00 to $98.00 and set a "neutral" rating for the company in a research note on Monday, August 3rd. Wolfe Research cut their price target on shares of Unum Group from $102.00 to $100.00 and set an "outperform" rating on the stock in a report on Monday, July 6th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Unum Group from $110.00 to $108.00 and set an "outperform" rating on the stock in a research note on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Unum Group has a consensus rating of "Moderate Buy" and a consensus price target of $99.00.

Unum Group Stock Performance

UNM stock opened at $87.62 on Thursday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. The firm has a market cap of $13.87 billion, a P/E ratio of 20.42, a P/E/G ratio of 0.95 and a beta of 0.26. Unum Group has a 12-month low of $68.70 and a 12-month high of $94.55. The stock's 50 day simple moving average is $89.57 and its 200 day simple moving average is $81.58.

Unum Group (NYSE:UNM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The firm had revenue of $3.39 billion for the quarter, compared to analysts' expectations of $2.90 billion. During the same period last year, the business posted $1.92 earnings per share. The firm's revenue for the quarter was up .3% on a year-over-year basis. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, equities research analysts predict that Unum Group will post 8.65 EPS for the current year.

Unum Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 24th were issued a dividend of $0.505 per share. This represents a $2.02 annualized dividend and a dividend yield of 2.3%. This is a boost from Unum Group's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, July 24th. Unum Group's dividend payout ratio is currently 47.09%.

Unum Group Company Profile

Unum Group NYSE: UNM is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.

In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.

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