Caxton Associates LLP Makes New Investment in Unum Group $UNM

Key Points

• Caxton Associates LLP invested approximately $984,000 in Unum Group by acquiring 12,074 shares in the first quarter of 2023, indicating growing institutional interest in the company.
• Unum Group recently increased its quarterly dividend from $0.42 to $0.46, representing an annualized yield of 2.5% with a payout ratio of 22.01%.
• The company reported Q2 earnings of $2.07 per share, missing analysts' expectations, but its revenue grew by 4% year-over-year, reaching $3.36 billion.

Caxton Associates LLP bought a new position in Unum Group (NYSE:UNM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,074 shares of the financial services provider's stock, valued at approximately $984,000.

Several other large investors also recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its position in Unum Group by 4.0% in the first quarter. Fifth Third Bancorp now owns 3,558 shares of the financial services provider's stock worth $290,000 after acquiring an additional 136 shares in the last quarter. Private Trust Co. NA grew its position in Unum Group by 7.3% in the first quarter. Private Trust Co. NA now owns 2,757 shares of the financial services provider's stock worth $225,000 after acquiring an additional 187 shares in the last quarter. CWM LLC grew its position in Unum Group by 1.4% in the first quarter. CWM LLC now owns 14,209 shares of the financial services provider's stock worth $1,158,000 after acquiring an additional 199 shares in the last quarter. Sculati Wealth Management LLC grew its position in Unum Group by 0.5% in the fourth quarter. Sculati Wealth Management LLC now owns 38,901 shares of the financial services provider's stock worth $2,841,000 after acquiring an additional 200 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of Unum Group by 0.3% during the 1st quarter. HighTower Advisors LLC now owns 60,370 shares of the financial services provider's stock worth $4,918,000 after buying an additional 201 shares during the period. 86.57% of the stock is owned by institutional investors.

Unum Group Price Performance

Shares of Unum Group stock opened at $73.64 on Thursday. 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 has a fifty-two week low of $52.71 and a fifty-two week high of $84.48. The firm has a fifty day moving average price of $74.34 and a two-hundred day moving average price of $77.50. The company has a market cap of $12.54 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 1.24 and a beta of 0.38.

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 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 during the quarter, compared to the consensus estimate of $3.35 billion. During the same period last year, the company earned $2.16 earnings per share. Unum Group'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. Analysts expect that Unum Group will post 9.14 EPS for the current year.

Unum Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 25th were issued a $0.46 dividend. This is a boost from Unum Group's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, July 25th. This represents a $1.84 dividend on an annualized basis and a yield of 2.5%. Unum Group's payout ratio is currently 22.01%.

Analyst Ratings Changes

Several research firms recently issued reports on UNM. Barclays set a $96.00 price objective on shares of Unum Group and gave the stock an "overweight" rating in a report on Monday, July 7th. Piper Sandler upped their price objective on shares of Unum Group from $88.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. UBS Group set a $87.00 price objective on shares of Unum Group and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Evercore ISI decreased their price objective on shares of Unum Group from $100.00 to $96.00 and set an "outperform" rating for the company in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Unum Group from $87.00 to $96.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.

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