Alyeska Investment Group L.P. Has $54.61 Million Position in Unum Group $UNM

Key Points

• Alyeska Investment Group L.P. has reduced its stake in Unum Group by 17.8%, owning approximately 0.38% of the company, worth about $54.6 million after selling 145,202 shares in Q1.
• Unum Group has recently declared an increase in its quarterly dividend from $0.42 to $0.46 per share, reflecting a dividend yield of 2.5%.
• Despite reporting a Q2 EPS of $2.07, Unum Group missed analyst estimates of $2.23, although its revenue of $3.36 billion exceeded the forecast of $3.35 billion.

Alyeska Investment Group L.P. lessened its stake in Unum Group (NYSE:UNM - Free Report) by 17.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 670,366 shares of the financial services provider's stock after selling 145,202 shares during the period. Alyeska Investment Group L.P. owned 0.38% of Unum Group worth $54,608,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC bought a new position in Unum Group in the 1st quarter valued at about $30,000. N.E.W. Advisory Services LLC acquired a new stake in Unum Group in the 1st quarter valued at about $35,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Unum Group by 196.9% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 317 shares during the last quarter. Rossby Financial LCC acquired a new stake in Unum Group in the 1st quarter valued at about $46,000. Finally, Wayfinding Financial LLC acquired a new stake in Unum Group in the 1st quarter valued at about $49,000. Institutional investors own 86.57% of the company's stock.

Unum Group Trading Up 0.8%

UNM stock traded up $0.58 during mid-day trading on Friday, reaching $73.65. 2,680,413 shares of the stock traded hands, compared to its average volume of 1,209,642. 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 52-week low of $52.71 and a 52-week high of $84.48. The company has a market cap of $12.54 billion, a P/E ratio of 8.81, a P/E/G ratio of 1.24 and a beta of 0.38. The stock's fifty day moving average is $74.81 and its 200-day moving average is $77.54.

Unum Group (NYSE:UNM - Get Free Report) last posted 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). The company had revenue of $3.36 billion during the quarter, compared to analysts' expectations of $3.35 billion. Unum Group had a return on equity of 13.44% and a net margin of 11.77%.Unum Group's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $2.16 earnings per share. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. As a group, sell-side analysts expect that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Increases Dividend

The business also recently declared 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. This is an increase from Unum Group's previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, July 25th. Unum Group's dividend payout ratio is 22.01%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Piper Sandler upped 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. 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. JPMorgan Chase & Co. upped their price target on shares of Unum Group from $87.00 to $96.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Morgan Stanley cut their price target on shares of Unum Group from $85.00 to $79.00 and set an "equal weight" rating for the company in a report on Monday, August 18th. Finally, Barclays set a $96.00 price objective on shares of Unum Group and gave the company an "overweight" rating in a research note on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $91.15.

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.