Algert Global LLC Sells 178,794 Shares of Unum Group $UNM

Key Points

• Algert Global LLC has significantly reduced its stake in Unum Group, selling 178,794 shares and holding only 69,531 shares now worth approximately $5.66 million.
• Unum Group recently reported earnings of $2.07 EPS, which fell short of analysts' expectations but showed a revenue increase of 4% year-over-year.
• The company has announced a quarterly dividend increase to $0.46 per share, reflecting an annualized yield of 2.7%, up from the previous $0.42.

Algert Global LLC lowered its holdings in shares of Unum Group (NYSE:UNM - Free Report) by 72.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,531 shares of the financial services provider's stock after selling 178,794 shares during the period. Algert Global LLC's holdings in Unum Group were worth $5,664,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Fifth Third Bancorp boosted its stake in Unum Group by 4.0% during the first quarter. Fifth Third Bancorp now owns 3,558 shares of the financial services provider's stock worth $290,000 after buying an additional 136 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its stake 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 buying an additional 147 shares in the last quarter. Private Trust Co. NA boosted its stake 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 buying an additional 187 shares in the last quarter. CWM LLC lifted its holdings in shares of Unum Group by 1.4% during the first quarter. CWM LLC now owns 14,209 shares of the financial services provider's stock valued at $1,158,000 after acquiring an additional 199 shares during the period. Finally, Sculati Wealth Management LLC lifted its holdings in shares of Unum Group by 0.5% during the fourth quarter. Sculati Wealth Management LLC now owns 38,901 shares of the financial services provider's stock valued at $2,841,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 86.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on UNM shares. Barclays set a $96.00 price objective on Unum Group and gave the company an "overweight" rating in a report on Monday, July 7th. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $95.00 price objective (down from $100.00) on shares of Unum Group in a report on Thursday, July 31st. Evercore ISI cut their price objective on Unum Group from $100.00 to $96.00 and set an "outperform" rating for the company in a report on Wednesday, July 30th. JPMorgan Chase & Co. lifted their price objective on Unum Group from $87.00 to $96.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Finally, UBS Group set a $87.00 price objective on Unum Group and gave the company a "neutral" rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $91.15.

Unum Group Price Performance

Shares of Unum Group stock traded up $0.5350 during trading on Friday, reaching $69.8750. The company's stock had a trading volume of 930,715 shares, compared to its average volume of 1,748,224. The stock has a 50-day moving average price of $76.48 and a two-hundred day moving average price of $77.88. The company has a current ratio of 0.30, a quick 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 stock has a market capitalization of $11.90 billion, a P/E ratio of 8.36, a price-to-earnings-growth ratio of 1.18 and a beta of 0.40.

Unum Group (NYSE:UNM - Get Free Report) last released its quarterly earnings results 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). 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 during the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the prior year, the firm earned $2.16 earnings per share. The business's quarterly revenue 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, sell-side analysts anticipate that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Increases Dividend

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