BTC Capital Management Inc. Has $5.73 Million Stock Position in Unum Group $UNM

Key Points

• BTC Capital Management Inc. increased its stake in Unum Group by 5.0% in the second quarter, acquiring an additional 3,399 shares, bringing its total holdings to 71,836 shares valued at approximately $5.73 million.
• Unum Group recently announced a quarterly dividend increase from $0.42 to $0.46, representing a 2.4% dividend yield, with a payout ratio of 22.01%.
• Analysts have varying ratings on Unum Group, with two giving a "Strong Buy," eight issuing a "Buy," and four a "Hold," leading to a consensus rating of "Moderate Buy" and an average price target of $91.14.

BTC Capital Management Inc. increased its holdings in Unum Group (NYSE:UNM - Free Report) by 5.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 71,836 shares of the financial services provider's stock after buying an additional 3,399 shares during the period. BTC Capital Management Inc.'s holdings in Unum Group were worth $5,731,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stratos Wealth Partners LTD. boosted its holdings in shares of Unum Group by 28.3% in the 1st quarter. Stratos Wealth Partners LTD. now owns 3,802 shares of the financial services provider's stock valued at $310,000 after buying an additional 838 shares during the period. Wellington Management Group LLP acquired a new position in shares of Unum Group in the 4th quarter valued at about $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 buying an additional 201 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Unum Group in the 1st quarter valued at about $646,000. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of Unum Group by 88.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 17,302 shares of the financial services provider's stock valued at $1,409,000 after buying an additional 8,120 shares during the period. 86.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wells Fargo & Company reduced their target price on shares of Unum Group from $105.00 to $100.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. JPMorgan Chase & Co. boosted their target price on shares of Unum Group from $87.00 to $96.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Morgan Stanley reduced their target price on shares of Unum Group from $85.00 to $79.00 and set an "equal weight" rating for the company in a research note on Monday, August 18th. UBS Group set a $87.00 target price on shares of Unum Group and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Finally, Evercore ISI reduced their target price on shares of Unum Group from $100.00 to $96.00 and set an "outperform" rating for the company in a research note on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Unum Group presently has an average rating of "Moderate Buy" and an average price target of $91.14.

Unum Group Stock Up 1.0%

UNM traded up $0.76 on Tuesday, reaching $76.66. 539,520 shares of the company traded hands, compared to its average volume of 1,449,029. The stock's 50 day moving average price is $73.45 and its 200-day moving average price is $77.26. Unum Group has a 52-week low of $57.21 and a 52-week high of $84.48. The company has a market cap of $13.06 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 1.29 and a beta of 0.38. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30.

Unum Group (NYSE:UNM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.07 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.16). Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The company had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.35 billion. During the same period in the previous year, the firm posted $2.16 earnings per share. The business's revenue for the quarter was up 4.0% on a year-over-year basis. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. On average, sell-side analysts expect that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 25th were paid a dividend of $0.46 per share. This is a positive change from Unum Group's previous quarterly dividend of $0.42. The ex-dividend date was Friday, July 25th. This represents a $1.84 annualized dividend and a dividend yield of 2.4%. Unum Group's dividend payout ratio (DPR) is currently 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.