BI Asset Management Fondsmaeglerselskab A S Has $9.08 Million Stock Holdings in Unum Group $UNM

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its stake in Unum Group by 43.5%, holding a total of $9.08 million worth of shares.
• Institutional investors currently own 86.57% of Unum Group's stock, indicating significant interest from larger financial entities.
• Unum Group recently declared a quarterly dividend increase to $0.46 per share, reflecting a commitment to returning value to shareholders.

BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Unum Group (NYSE:UNM - Free Report) by 43.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 111,451 shares of the financial services provider's stock after acquiring an additional 33,765 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned approximately 0.06% of Unum Group worth $9,079,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UNM. Balyasny Asset Management L.P. bought a new position in shares of Unum Group during the fourth quarter valued at $113,962,000. Zurich Insurance Group Ltd FI bought a new position in shares of Unum Group during the fourth quarter valued at $105,199,000. Invesco Ltd. lifted its holdings 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 valued at $185,604,000 after acquiring an additional 1,387,139 shares during the period. Nuveen LLC bought a new position in shares of Unum Group during the first quarter valued at $93,287,000. Finally, Freestone Grove Partners LP bought a new position in shares of Unum Group during the fourth quarter valued at $65,096,000. 86.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on UNM shares. Wells Fargo & Company cut their price target on Unum Group from $105.00 to $100.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $95.00 price target (down from $100.00) on shares of Unum Group in a report on Thursday, July 31st. Barclays set a $96.00 price target on Unum Group and gave the company an "overweight" rating in a report on Monday, July 7th. Piper Sandler lifted their price target on Unum Group from $88.00 to $92.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Finally, JPMorgan Chase & Co. lifted their price target on Unum Group from $87.00 to $96.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Unum Group has a consensus rating of "Moderate Buy" and an average target price of $91.15.

Unum Group Trading Up 0.8%

NYSE:UNM traded up $0.5350 on Friday, hitting $69.8750. 930,715 shares of the stock were exchanged, compared to its average volume of 1,750,771. The stock has a market capitalization of $11.90 billion, a price-to-earnings ratio of 8.36, a P/E/G ratio of 1.18 and a beta of 0.40. Unum Group has a 52 week low of $52.71 and a 52 week 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 company's 50-day moving average price is $76.48 and its 200 day moving average price is $77.87.

Unum Group (NYSE:UNM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.16). The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.35 billion. Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The business's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.16 earnings per share. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. On average, equities research analysts forecast that Unum Group will post 9.14 earnings per share for the current 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 given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, July 25th. This is an increase from Unum Group's previous quarterly dividend of $0.42. Unum Group's dividend payout ratio is presently 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.