Diversified Trust Co Sells 15,908 Shares of Unum Group $UNM

Key Points

• Diversified Trust Co significantly reduced its stake in Unum Group by 82.6% during Q2, selling 15,908 shares, leaving them with 3,362 shares valued at approximately $272,000.
• Unum Group reported a $2.07 EPS for the last quarter, missing expectations, but its revenue of $3.36 billion slightly exceeded analyst estimates.
• The company increased its quarterly dividend from $0.42 to $0.46, with a current yield of 2.4% and annualized payout of $1.84.

Diversified Trust Co decreased its holdings in Unum Group (NYSE:UNM - Free Report) by 82.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,362 shares of the financial services provider's stock after selling 15,908 shares during the quarter. Diversified Trust Co's holdings in Unum Group were worth $272,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in UNM. Charles Schwab Investment Management Inc. raised its position in 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 worth $473,814,000 after purchasing an additional 264,268 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Unum Group by 155.6% in the 1st quarter. Invesco Ltd. now owns 2,278,473 shares of the financial services provider's stock worth $185,604,000 after buying an additional 1,387,139 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Unum Group by 13.1% in the 1st quarter. Victory Capital Management Inc. now owns 1,654,489 shares of the financial services provider's stock worth $134,775,000 after buying an additional 191,572 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Unum Group by 0.5% in the 1st quarter. Royal Bank of Canada now owns 1,416,124 shares of the financial services provider's stock worth $115,358,000 after buying an additional 6,648 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in shares of Unum Group by 8.9% in the 1st quarter. Allianz Asset Management GmbH now owns 1,378,105 shares of the financial services provider's stock worth $112,260,000 after buying an additional 113,111 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company's stock.

Unum Group Stock Performance

Shares of Unum Group stock opened at $76.86 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. The firm has a market cap of $13.09 billion, a P/E ratio of 9.19, a P/E/G ratio of 1.29 and a beta of 0.38. The firm has a 50 day simple moving average of $73.33 and a 200 day simple moving average of $77.26. Unum Group has a fifty-two week low of $57.21 and a fifty-two week high of $84.48.

Unum Group (NYSE:UNM - Get Free Report) last released its earnings results on Tuesday, July 29th. The financial services provider reported $2.07 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.16). The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.35 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The firm's quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the business posted $2.16 earnings per share. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Sell-side analysts predict that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wolfe Research upgraded Unum Group to a "strong-buy" rating in a research note on Tuesday, September 16th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $95.00 target price (down previously from $100.00) on shares of Unum Group in a research report on Thursday, July 31st. JPMorgan Chase & Co. increased their target price on shares of Unum Group from $87.00 to $96.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. 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. Finally, 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. Two investment analysts have 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 company currently has an average rating of "Moderate Buy" and a consensus target price of $91.14.

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.

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