American Century Companies Inc. Has $31.73 Million Position in Unum Group $UNM

Key Points

• American Century Companies Inc. increased its holdings in Unum Group by 29.5% during the first quarter, owning 389,554 shares worth approximately $31.73 million.
• Unum Group recently reported earnings of $2.07 per share for the last quarter, missing expectations by $0.16, though it saw a year-over-year revenue increase of 4.0%.
• The company raised its quarterly dividend from $0.42 to $0.46, representing an annualized dividend of $1.84 with a yield of 2.7%.

American Century Companies Inc. grew its position in shares of Unum Group (NYSE:UNM - Free Report) by 29.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 389,554 shares of the financial services provider's stock after purchasing an additional 88,747 shares during the quarter. American Century Companies Inc. owned 0.22% of Unum Group worth $31,733,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Stratos Wealth Partners LTD. grew its holdings in shares of Unum Group by 28.3% in the 1st quarter. Stratos Wealth Partners LTD. now owns 3,802 shares of the financial services provider's stock worth $310,000 after acquiring an additional 838 shares during the last quarter. Wellington Management Group LLP bought a new stake in Unum Group in the fourth quarter worth $240,000. HighTower Advisors LLC boosted its stake in shares of Unum Group by 0.3% during the 1st quarter. HighTower Advisors LLC now owns 60,370 shares of the financial services provider's stock worth $4,918,000 after acquiring an additional 201 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Unum Group during the 1st quarter worth about $646,000. Finally, Asset Management One Co. Ltd. lifted its position in shares of Unum Group by 88.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 17,302 shares of the financial services provider's stock worth $1,409,000 after purchasing an additional 8,120 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UNM has been the topic of a number of research analyst reports. Barclays set a $96.00 target price 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 target price (down from $100.00) on shares of Unum Group in a research report on Thursday, July 31st. JPMorgan Chase & Co. lifted their target price on Unum Group from $87.00 to $96.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Piper Sandler lifted their target price on Unum Group from $88.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, July 3rd. Finally, Evercore ISI decreased their target price on Unum Group from $100.00 to $96.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 30th. One investment 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $91.15.

Unum Group Stock Performance

Unum Group stock traded up $0.29 during midday trading on Tuesday, hitting $69.45. The company's stock had a trading volume of 270,634 shares, compared to its average volume of 1,415,716. The company has a 50-day moving average price of $76.29 and a two-hundred day moving average price of $77.82. Unum Group has a 1-year low of $52.71 and a 1-year high of $84.48. The company has a market cap of $11.83 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 1.18 and a beta of 0.40. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30.

Unum Group (NYSE:UNM - Get Free Report) last announced its 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 return on equity of 13.44% and a net margin of 11.77%.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 company earned $2.16 EPS. The business's revenue for the quarter 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, sell-side analysts predict that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Increases Dividend

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