Allianz Asset Management GmbH Increases Stock Position in Unum Group $UNM

Key Points

• Allianz Asset Management GmbH increased its stake in Unum Group by 11.5% in Q2, now owning approximately 1.5 million shares worth about $124 million.
• Unum Group's shares opened at $75.94, with a market cap of $12.93 billion, following a recent earnings report that missed expectations.
• The company declared a quarterly dividend of $0.46, representing an annualized total of $1.84 and a dividend yield of 2.4%.

Allianz Asset Management GmbH raised its stake in shares of Unum Group (NYSE:UNM - Free Report) by 11.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,537,189 shares of the financial services provider's stock after acquiring an additional 159,084 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.88% of Unum Group worth $124,143,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its position in shares of Unum Group by 4.0% during the 1st quarter. Fifth Third Bancorp now owns 3,558 shares of the financial services provider's stock valued at $290,000 after purchasing an additional 136 shares in the last quarter. Advisors Capital Management LLC boosted its position in shares of Unum Group by 2.2% during the 1st quarter. Advisors Capital Management LLC now owns 6,308 shares of the financial services provider's stock valued at $514,000 after purchasing an additional 136 shares in the last quarter. Ritholtz Wealth Management boosted its position in shares of Unum Group by 0.4% during the 2nd quarter. Ritholtz Wealth Management now owns 42,327 shares of the financial services provider's stock valued at $3,418,000 after purchasing an additional 160 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Unum Group by 4.4% during the 2nd quarter. UMB Bank n.a. now owns 4,016 shares of the financial services provider's stock valued at $324,000 after purchasing an additional 168 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Unum Group by 14.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,465 shares of the financial services provider's stock valued at $118,000 after purchasing an additional 183 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Barclays raised their target price on shares of Unum Group from $92.00 to $95.00 and gave the stock an "overweight" rating in a report on Wednesday, October 8th. Weiss Ratings reiterated a "buy (b)" rating on shares of Unum Group in a report on Wednesday, October 8th. Wells Fargo & Company decreased their target price on shares of Unum Group from $100.00 to $98.00 and set an "overweight" rating for the company in a report on Wednesday, October 8th. UBS Group set a $87.00 target price on shares of Unum Group and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of Unum Group from $87.00 to $96.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $93.23.

Unum Group Price Performance

Shares of UNM opened at $75.94 on Thursday. The firm has a market cap of $12.93 billion, a PE ratio of 9.08, a PEG ratio of 1.26 and a beta of 0.36. The firm's 50 day moving average price is $73.61 and its 200 day moving average price is $76.95. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. Unum Group has a twelve month low of $61.37 and a twelve month high of $84.48.

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 for the quarter, missing the consensus estimate 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 net margin of 11.77% and a return on equity of 13.44%. Unum Group's revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.16 EPS. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. As a group, research analysts expect that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 24th will be given a $0.46 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.4%. Unum Group's dividend payout ratio (DPR) is currently 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.

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