Unum Group $UNM Shares Bought by Amundi

Key Points

• Amundi increased its stake in Unum Group by 92.9%, acquiring an additional 335,022 shares in the first quarter, bringing their total ownership to 695,841 shares valued at approximately $55 million.
• The company has recently announced a quarterly dividend increase to $0.46 per share, reflecting an annualized dividend yield of 2.5%, up from $0.42.
• Unum Group's latest earnings report showed $2.07 EPS, a miss compared to the expected $2.23 EPS, but with a revenue of $3.36 billion exceeding analyst estimates.

Amundi raised its holdings in Unum Group (NYSE:UNM - Free Report) by 92.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 695,841 shares of the financial services provider's stock after buying an additional 335,022 shares during the period. Amundi owned approximately 0.40% of Unum Group worth $55,138,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Zurich Insurance Group Ltd FI acquired a new position in Unum Group during the 4th quarter worth $105,199,000. Invesco Ltd. increased its stake in shares of Unum Group by 155.6% during the first quarter. Invesco Ltd. now owns 2,278,473 shares of the financial services provider's stock worth $185,604,000 after buying an additional 1,387,139 shares during the period. Nuveen LLC acquired a new stake in Unum Group in the first quarter valued at approximately $93,287,000. Assenagon Asset Management S.A. increased its position in shares of Unum Group by 228.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,033,700 shares of the financial services provider's stock valued at $84,205,000 after purchasing an additional 719,152 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Unum Group by 9,017.2% in the 1st quarter. GAMMA Investing LLC now owns 719,618 shares of the financial services provider's stock valued at $58,620,000 after purchasing an additional 711,725 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Unum Group Stock Performance

NYSE UNM traded down $0.48 during trading on Tuesday, reaching $73.21. The company's stock had a trading volume of 1,521,229 shares, compared to its average volume of 1,296,112. The business's fifty day moving average price is $74.50 and its 200-day moving average price is $77.53. Unum Group has a twelve month low of $52.71 and a twelve month high of $84.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market cap of $12.47 billion, a price-to-earnings ratio of 8.76, a P/E/G ratio of 1.24 and a beta of 0.38.

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). The company had revenue of $3.36 billion for 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%.The business's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.16 EPS. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. As a group, analysts anticipate that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 25th were issued a $0.46 dividend. The ex-dividend date of this dividend was Friday, July 25th. This is an increase from Unum Group's previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.5%. Unum Group's dividend payout ratio is presently 22.01%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on UNM shares. Evercore ISI dropped their target price on Unum Group from $100.00 to $96.00 and set an "outperform" rating on the stock in a report on Wednesday, July 30th. Barclays set a $96.00 price objective on Unum Group and gave the stock an "overweight" rating in a research report on Monday, July 7th. Piper Sandler raised 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. UBS Group set a $87.00 price target on Unum Group and gave the company a "neutral" rating in a report on Wednesday, July 30th. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $95.00 price target (down from $100.00) on shares of Unum Group in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $91.15.

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.