Assenagon Asset Management S.A. Has $18.29 Million Holdings in Unum Group $UNM

Key Points

• Assenagon Asset Management S.A. reduced its stake in Unum Group by 78.1%, now holding 226,493 shares, which is worth about $18.29 million.
• Analysts have mixed ratings on Unum Group, with a consensus rating of "Moderate Buy" and a price target averaging $91.14.
• Unum Group recently increased its quarterly dividend to $0.46 per share, reflecting a positive change from the previous $0.42, with a current yield of 2.4%.

Assenagon Asset Management S.A. trimmed its position in Unum Group (NYSE:UNM - Free Report) by 78.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 226,493 shares of the financial services provider's stock after selling 807,207 shares during the period. Assenagon Asset Management S.A. owned about 0.13% of Unum Group worth $18,292,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stratos Wealth Partners LTD. raised its position in Unum Group by 28.3% in the first 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 period. Wellington Management Group LLP purchased a new stake in Unum Group during the 4th quarter worth approximately $240,000. HighTower Advisors LLC boosted its holdings in shares of Unum Group by 0.3% in the 1st quarter. HighTower Advisors LLC now owns 60,370 shares of the financial services provider's stock valued at $4,918,000 after acquiring an additional 201 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Unum Group in the 1st quarter valued at $646,000. Finally, Asset Management One Co. Ltd. raised its position in Unum Group by 88.4% during the first quarter. Asset Management One Co. Ltd. now owns 17,302 shares of the financial services provider's stock worth $1,409,000 after acquiring an additional 8,120 shares during the period. 86.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on UNM. 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. Wells Fargo & Company cut their price objective on shares of Unum Group from $105.00 to $100.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Evercore ISI cut their target price on shares of Unum Group from $100.00 to $96.00 and set an "outperform" rating on the stock in a report on Wednesday, July 30th. UBS Group set a $87.00 price objective on shares of Unum Group and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Finally, Wolfe Research upgraded shares of Unum Group to a "strong-buy" rating in a research report on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Unum Group has a consensus rating of "Moderate Buy" and an average price target of $91.14.

Unum Group Stock Down 0.3%

Shares of UNM opened at $76.00 on Tuesday. The company has a market capitalization of $12.94 billion, a PE ratio of 9.09, a PEG ratio of 1.29 and a beta of 0.38. Unum Group has a 12 month low of $57.21 and a 12 month high of $84.48. The stock's 50-day moving average price is $73.45 and its two-hundred day moving average price is $77.26. 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 (NYSE:UNM - Get Free Report) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $2.07 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.16). Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same period in the previous year, the firm posted $2.16 earnings per share. The firm's quarterly revenue was up 4.0% compared to the same quarter last year. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. On average, analysts anticipate that Unum Group will post 9.14 EPS for the current year.

Unum Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 25th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Friday, July 25th. This is a positive change from Unum Group's previous quarterly dividend of $0.42. Unum Group's dividend payout ratio is presently 22.01%.

About Unum Group

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.

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