Unum Group $UNM Position Raised by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Unum Group by 86.6% during the first quarter, owning about 651,878 shares valued at approximately $53 million.
• A number of institutional investors, including Virtus Advisers LLC and Capital Fund Management S.A., have also made significant changes to their holdings in Unum Group, contributing to a total ownership of 86.57% by institutional investors.
• Unum Group recently declared a quarterly dividend of $0.46 per share, marking an increase from its previous dividend and reflecting a dividend yield of 2.7%.

Caisse DE Depot ET Placement DU Quebec increased its position in shares of Unum Group (NYSE:UNM - Free Report) by 86.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 651,878 shares of the financial services provider's stock after buying an additional 302,587 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.37% of Unum Group worth $53,102,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in UNM. Charles Schwab Investment Management Inc. raised its position in shares of Unum Group by 4.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,816,520 shares of the financial services provider's stock valued at $473,814,000 after buying an additional 264,268 shares during the last quarter. Invesco Ltd. raised its position in shares of Unum Group by 155.6% in the first quarter. Invesco Ltd. now owns 2,278,473 shares of the financial services provider's stock valued at $185,604,000 after buying an additional 1,387,139 shares during the last quarter. Northern Trust Corp raised its position in shares of Unum Group by 33.2% in the fourth quarter. Northern Trust Corp now owns 1,930,349 shares of the financial services provider's stock valued at $140,973,000 after buying an additional 480,926 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Unum Group by 13.1% in the first quarter. Victory Capital Management Inc. now owns 1,654,489 shares of the financial services provider's stock valued at $134,775,000 after buying an additional 191,572 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in Unum Group during the fourth quarter worth $113,962,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Unum Group Stock Up 0.8%

Shares of Unum Group stock traded up $0.54 during trading hours on Friday, hitting $69.86. The company had a trading volume of 956,166 shares, compared to its average volume of 1,412,408. The company's 50-day moving average is $75.77 and its two-hundred day moving average is $77.66. Unum Group has a twelve month low of $52.71 and a twelve month high of $84.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market cap of $11.90 billion, a P/E ratio of 8.36, a price-to-earnings-growth ratio of 1.17 and a beta of 0.40.

Unum Group (NYSE:UNM - Get Free Report) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the previous year, the company posted $2.16 EPS. The company's quarterly revenue was up 4.0% on a year-over-year basis. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Analysts anticipate that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 25th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.6%. 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 currently 22.01%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on UNM. Keefe, Bruyette & Woods restated an "outperform" rating and set a $95.00 price objective (down from $100.00) on shares of Unum Group in a research report on Thursday, July 31st. JPMorgan Chase & Co. lifted their price target on shares of Unum Group from $87.00 to $96.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Evercore ISI dropped their price target on shares of Unum Group from $100.00 to $96.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. Piper Sandler lifted their price objective on shares of Unum Group from $88.00 to $92.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Finally, UBS Group set a $87.00 price objective on shares of Unum Group and gave the company a "neutral" rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Unum Group has a consensus rating of "Moderate Buy" and a consensus target price of $91.15.

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.