Amundi Sells 227,244 Shares of Unum Group $UNM

Key Points

• Amundi reduced its Unum Group stake by 89.2% in the first quarter, selling 227,244 shares and retaining 27,444 shares valued at approximately $2 million. Institutional investors collectively own 86.57% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $99, compared with the stock’s reported opening price of $90.64.
• Unum reported quarterly earnings of $2.16 per share, matching estimates, while revenue reached $3.39 billion. The company also raised its quarterly dividend from $0.46 to $0.505 per share, implying a 2.2% annualized yield.

Amundi cut its stake in Unum Group (NYSE:UNM - Free Report) by 89.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,444 shares of the financial services provider's stock after selling 227,244 shares during the quarter. Amundi's holdings in Unum Group were worth $2,004,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. UBS Group AG boosted its stake in Unum Group by 5.4% in the 4th quarter. UBS Group AG now owns 1,356,916 shares of the financial services provider's stock worth $105,161,000 after purchasing an additional 68,957 shares during the period. Qsemble Capital Management LP raised its position in shares of Unum Group by 245.9% during the 4th quarter. Qsemble Capital Management LP now owns 106,742 shares of the financial services provider's stock valued at $8,273,000 after buying an additional 75,885 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Unum Group during the fourth quarter worth about $2,567,000. TABR Capital Management LLC purchased a new stake in Unum Group in the fourth quarter worth approximately $5,768,000. Finally, Swedbank AB grew its holdings in shares of Unum Group by 148.3% during the 4th quarter. Swedbank AB now owns 467,505 shares of the financial services provider's stock valued at $36,232,000 after purchasing an additional 279,233 shares during the last quarter. 86.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on UNM shares. Barclays lifted their price target on Unum Group from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, July 6th. Bank of America lowered their target price on Unum Group from $83.00 to $77.00 and set a "neutral" rating for the company in a research note on Tuesday, April 14th. Keefe, Bruyette & Woods dropped their price objective on shares of Unum Group from $110.00 to $108.00 and set an "outperform" rating on the stock in a research note on Thursday, July 30th. Morgan Stanley lifted their price target on Unum Group from $80.00 to $87.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 21st. Finally, UBS Group set a $94.00 target price on Unum Group in a research note on Tuesday, July 7th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $99.00.

Unum Group Trading Up 0.9%

Shares of Unum Group stock opened at $90.64 on Friday. The company has a 50-day moving average of $88.79 and a two-hundred day moving average of $80.71. The stock has a market cap of $14.35 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 0.95 and a beta of 0.26. Unum Group has a 12-month low of $68.28 and a 12-month high of $93.21. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35.

Unum Group (NYSE:UNM - Get Free Report) last posted its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share for the quarter, meeting the consensus estimate of $2.16. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $2.90 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.Unum Group's revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.92 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. On average, research analysts anticipate that Unum Group will post 8.67 EPS for the current fiscal year.

Unum Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 24th will be given a $0.505 dividend. This is an increase from Unum Group's previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, July 24th. This represents a $2.02 annualized dividend and a dividend yield of 2.2%. Unum Group's dividend payout ratio is 47.09%.

Unum Group Profile

Unum Group NYSE: UNM is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.

In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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