Assenagon Asset Management S.A. Acquires 195,778 Shares of Unum Group $UNM

Key Points

• Assenagon Asset Management increased its Unum Group stake by 84.5% in the second quarter, acquiring 195,778 shares and bringing its holdings to 427,364 shares valued at approximately $38.2 million.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $99; eight analysts rate the stock a Buy versus six Holds.
• Unum reported quarterly earnings of $2.16 per share, matching estimates, while revenue reached $3.39 billion. The company also raised its quarterly dividend to $0.505 per share, equivalent to a 2.2% annualized yield.

Assenagon Asset Management S.A. raised its holdings in Unum Group (NYSE:UNM - Free Report) by 84.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 427,364 shares of the financial services provider's stock after acquiring an additional 195,778 shares during the period. Assenagon Asset Management S.A. owned about 0.27% of Unum Group worth $38,206,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new stake in Unum Group during the 4th quarter worth approximately $25,000. SHP Wealth Management bought a new stake in Unum Group in the 4th quarter valued at $25,000. MBM Wealth Consultants LLC bought a new stake in Unum Group in the 1st quarter valued at $29,000. Triumph Capital Management bought a new stake in Unum Group in the 3rd quarter valued at $31,000. Finally, Ancora Advisors LLC boosted its stake in Unum Group by 385.2% in the 3rd quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider's stock worth $33,000 after purchasing an additional 339 shares during the period. Institutional investors and hedge funds own 86.57% of the company's stock.

Wall Street Analysts Forecast Growth

UNM has been the topic of several recent research reports. Wolfe Research dropped their price target on Unum Group from $102.00 to $100.00 and set an "outperform" rating on the stock in a research note on Monday, July 6th. Wells Fargo & Company increased their price objective on Unum Group from $100.00 to $101.00 and gave the stock an "overweight" rating in a report on Thursday, July 9th. Evercore reissued an "outperform" rating and issued a $106.00 target price on shares of Unum Group in a research report on Tuesday, July 7th. Atlantic Securities set a $88.00 target price on Unum Group in a research note on Wednesday, July 15th. Finally, Barclays upped their price target on Unum Group from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, July 6th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $99.00.

Unum Group Trading Up 0.9%

Shares of NYSE:UNM opened at $90.64 on Friday. The company's 50-day moving average price is $88.79 and its two-hundred day moving average price is $80.71. Unum Group has a one year low of $68.28 and a one year high of $93.21. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market capitalization 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 (NYSE:UNM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share for the quarter, meeting the consensus estimate of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The company had revenue of $3.39 billion during the quarter, compared to analysts' expectations of $2.90 billion. During the same quarter last year, the company earned $1.92 EPS. Unum Group's revenue for the quarter was up .3% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. On average, equities analysts forecast that Unum Group will post 8.66 EPS for the current fiscal year.

Unum Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 24th will be given a dividend of $0.505 per share. This is a positive change 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 payout ratio is presently 47.09%.

Unum Group Company 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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