Allspring Global Investments Holdings LLC Trims Position in Unum Group $UNM

Allspring Global Investments Holdings LLC lessened its stake in Unum Group (NYSE:UNM - Free Report) by 24.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 718,190 shares of the financial services provider's stock after selling 227,081 shares during the period. Allspring Global Investments Holdings LLC owned 0.41% of Unum Group worth $58,935,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Fifth Third Bancorp increased its position in 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 during the period. Advisors Capital Management LLC increased its position in 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 during the period. UMB Bank n.a. increased its position in 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 during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in 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 during the period. Finally, Private Trust Co. NA increased its position in Unum Group by 7.3% during the 1st quarter. Private Trust Co. NA now owns 2,757 shares of the financial services provider's stock valued at $225,000 after purchasing an additional 187 shares during the period. Hedge funds and other institutional investors own 86.57% of the company's stock.

Unum Group Stock Performance

Shares of NYSE UNM opened at $76.49 on Wednesday. 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 12 month low of $61.37 and a 12 month high of $84.48. The company has a 50 day simple moving average of $73.50 and a two-hundred day simple moving average of $76.96. The stock has a market cap of $13.03 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 1.27 and a beta of 0.36.

Unum Group (NYSE:UNM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.07 EPS 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 quarter in the previous year, the firm posted $2.16 earnings per share. The business's 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, analysts predict that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 24th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, October 24th. Unum Group's payout ratio is presently 22.01%.

Analyst Ratings Changes

A number of research analysts have commented on UNM shares. Morgan Stanley raised their target price on shares of Unum Group from $79.00 to $81.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 7th. Wolfe Research upgraded shares of Unum Group to a "strong-buy" rating in a report on Tuesday, September 16th. UBS Group set a $87.00 price target on shares of Unum Group and gave the company a "neutral" rating in a report on Wednesday, July 30th. Piper Sandler raised 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. Finally, Evercore ISI lowered their price target on shares of Unum Group from $100.00 to $96.00 and set an "outperform" rating on the stock in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Unum Group presently has an average rating of "Moderate Buy" and a consensus price target of $93.23.

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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