Deutsche Bank AG Sells 240,365 Shares of Unum Group $UNM

Key Points

• Deutsche Bank AG reduced its stake in Unum Group by 83.7%, now holding 46,853 shares worth approximately $3.82 million.
• Unum Group announced a quarterly dividend increase to $0.46 per share, with an annualized rate of $1.84 and a dividend yield of 2.7%.
• Wall Street analysts have varied target prices for Unum Group, with an average consensus price target of $91.15, indicating a mix of ratings including "buy" and "hold."

Deutsche Bank AG reduced its holdings in Unum Group (NYSE:UNM - Free Report) by 83.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,853 shares of the financial services provider's stock after selling 240,365 shares during the quarter. Deutsche Bank AG's holdings in Unum Group were worth $3,817,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. N.E.W. Advisory Services LLC acquired a new stake in shares of Unum Group in the first quarter valued at about $35,000. Rossby Financial LCC acquired a new stake in shares of Unum Group in the first quarter valued at about $46,000. Wayfinding Financial LLC acquired a new stake in shares of Unum Group in the first quarter valued at about $49,000. Cullen Frost Bankers Inc. lifted its stake in shares of Unum Group by 1,289.7% in the first quarter. Cullen Frost Bankers Inc. now owns 806 shares of the financial services provider's stock valued at $66,000 after buying an additional 748 shares during the period. Finally, Manchester Capital Management LLC lifted its stake in shares of Unum Group by 95.4% in the first quarter. Manchester Capital Management LLC now owns 1,030 shares of the financial services provider's stock valued at $84,000 after buying an additional 503 shares during the period. 86.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UNM has been the subject of several research reports. 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. 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. Piper Sandler increased their target price 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. 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. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $95.00 target price (down previously from $100.00) on shares of Unum Group in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $91.15.

Unum Group Price Performance

UNM traded up $0.5350 during midday trading on Friday, reaching $69.8750. 930,715 shares of the company's stock were exchanged, compared to its average volume of 1,750,771. The firm has a market capitalization of $11.90 billion, a price-to-earnings ratio of 8.36, a price-to-earnings-growth ratio of 1.17 and a beta of 0.40. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. Unum Group has a one year low of $52.71 and a one year high of $84.48. The business has a 50-day simple moving average of $76.48 and a two-hundred day simple moving average of $77.87.

Unum Group (NYSE:UNM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.16). The firm 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 business's quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.16 EPS. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. As a group, research analysts predict that Unum Group will post 9.14 EPS for the current year.

Unum Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 25th were issued a $0.46 dividend. This is a positive change 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 annualized dividend and a dividend yield of 2.6%. Unum Group's dividend payout ratio (DPR) 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.