Counterpoint Mutual Funds LLC Buys New Position in Unum Group $UNM

Key Points

• Counterpoint Mutual Funds LLC acquired a new position in Unum Group, purchasing 28,786 shares valued at approximately $2.3 million, making it the firm's 23rd largest position.
• Several analysts have set new price targets for Unum Group, with UBS and Evercore setting targets of $87.00 and $96.00 respectively, while Wolfe Research rated the stock as a "strong-buy."
• Unum Group recently increased its quarterly dividend from $0.42 to $0.46, reflecting a yield of 2.4% and a dividend payout ratio of 22.01%.

Counterpoint Mutual Funds LLC bought a new stake in shares of Unum Group (NYSE:UNM - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 28,786 shares of the financial services provider's stock, valued at approximately $2,325,000. Unum Group comprises about 0.2% of Counterpoint Mutual Funds LLC's holdings, making the stock its 23rd largest position.

Other hedge funds also recently modified their holdings of the company. Stratos Wealth Partners LTD. boosted its position in shares of Unum Group by 28.3% during the first 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 last quarter. Wellington Management Group LLP purchased a new position in Unum Group in the fourth quarter worth $240,000. HighTower Advisors LLC boosted its position in Unum Group by 0.3% in the first quarter. HighTower Advisors LLC now owns 60,370 shares of the financial services provider's stock worth $4,918,000 after purchasing an additional 201 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Unum Group in the first quarter worth $646,000. Finally, Asset Management One Co. Ltd. boosted its position in Unum Group by 88.4% in 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 last quarter. Hedge funds and other institutional investors own 86.57% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. 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. Evercore ISI cut their price objective on Unum Group from $100.00 to $96.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 30th. Barclays set a $96.00 price objective on Unum Group and gave the stock an "overweight" rating in a research report on Monday, July 7th. Piper Sandler boosted their price objective on Unum Group from $88.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, July 3rd. Finally, Wolfe Research raised Unum Group to a "strong-buy" rating in a research report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, Unum Group has an average rating of "Moderate Buy" and an average target price of $91.14.

Unum Group Price Performance

Shares of NYSE UNM opened at $76.00 on Tuesday. The firm has a market capitalization of $12.94 billion, a P/E ratio of 9.09, a P/E/G ratio of 1.29 and a beta of 0.38. 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 stock's 50-day simple moving average is $73.45 and its two-hundred day simple moving average is $77.26. Unum Group has a twelve month low of $57.21 and a twelve month high of $84.48.

Unum Group (NYSE:UNM - Get Free Report) last announced its 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). The business had revenue of $3.36 billion during 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%.Unum Group's revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.16 earnings per share. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. As a group, equities analysts anticipate that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 25th were paid a $0.46 dividend. The ex-dividend date was Friday, July 25th. This represents a $1.84 dividend on an annualized basis and a yield of 2.4%. This is an increase from Unum Group's previous quarterly dividend of $0.42. Unum Group's dividend payout ratio is currently 22.01%.

About Unum Group

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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