Capital Fund Management S.A. Increases Stake in Unum Group $UNM

Key Points

• Capital Fund Management S.A. increased its holdings in Unum Group by 215.2%, acquiring an additional 33,972 shares and bringing its total to 49,760 shares worth approximately $4.05 million.
• After recent earnings, Unum Group reported an EPS of $2.07, falling short of estimates, but the revenue of $3.36 billion exceeded projections, contributing to a 4% year-over-year growth.
• The company recently raised its quarterly dividend to $0.46, reflecting a yield of 2.6%, up from the previous $0.42.

Capital Fund Management S.A. lifted its stake in Unum Group (NYSE:UNM - Free Report) by 215.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 49,760 shares of the financial services provider's stock after purchasing an additional 33,972 shares during the quarter. Capital Fund Management S.A.'s holdings in Unum Group were worth $4,053,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Stratos Wealth Partners LTD. increased its stake 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 worth $310,000 after acquiring an additional 838 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Unum Group in the fourth quarter valued at about $240,000. HighTower Advisors LLC grew its holdings in shares of Unum Group by 0.3% in the first quarter. HighTower Advisors LLC now owns 60,370 shares of the financial services provider's stock valued at $4,918,000 after purchasing an additional 201 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Unum Group during the first quarter worth about $646,000. Finally, Asset Management One Co. Ltd. raised its stake 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 purchasing an additional 8,120 shares during the period. Hedge funds and other institutional investors own 86.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on UNM shares. JPMorgan Chase & Co. increased their price target 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. Piper Sandler increased their price target on shares of Unum Group from $88.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $95.00 price target (down previously from $100.00) on shares of Unum Group in a research note on Thursday, July 31st. 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 note on Wednesday, July 30th. Finally, UBS Group set a $87.00 price objective on Unum Group and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $91.15.

Unum Group Trading Up 0.2%

NYSE UNM traded up $0.17 during trading on Wednesday, hitting $69.64. The stock had a trading volume of 999,947 shares, compared to its average volume of 1,418,327. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $11.86 billion, a PE ratio of 8.33, a PEG ratio of 1.17 and a beta of 0.40. The firm has a 50 day moving average price of $76.12 and a 200 day moving average price of $77.76. Unum Group has a twelve month low of $52.71 and a twelve month high of $84.48.

Unum Group (NYSE:UNM - Get Free Report) last issued its quarterly 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). The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.35 billion. Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The firm'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 company posted $2.16 EPS. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. As a group, equities research analysts forecast that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 25th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.6%. This is a positive change from Unum Group's previous quarterly dividend of $0.42. The ex-dividend date was Friday, July 25th. Unum Group's payout ratio is presently 22.01%.

Unum Group 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.