Unum Group (NYSE:UNM) is Donald Smith & CO. Inc.'s 8th Largest Position

Key Points

• Donald Smith & CO. Inc. reduced its holdings in Unum Group by 21.6%, selling 533,119 shares, now owning approximately 1.11% of the company.
• Unum Group declared a quarterly dividend of $0.46, an increase from the previous dividend of $0.42, with a dividend yield of 2.7%.
• The company reported earnings per share of $2.07 last quarter, which missed analysts' expectations, despite revenue slightly exceeding projections at $3.36 billion.

Donald Smith & CO. Inc. reduced its stake in Unum Group (NYSE:UNM - Free Report) by 21.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,938,298 shares of the financial services provider's stock after selling 533,119 shares during the period. Unum Group makes up 3.9% of Donald Smith & CO. Inc.'s portfolio, making the stock its 8th biggest position. Donald Smith & CO. Inc. owned approximately 1.11% of Unum Group worth $157,894,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of UNM. Stratos Wealth Partners LTD. lifted its holdings in shares of Unum Group by 28.3% during the 1st 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 period. Wellington Management Group LLP bought a new position in shares of Unum Group during the 4th quarter valued at $240,000. Asset Management One Co. Ltd. lifted its holdings in shares of Unum Group by 88.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 17,302 shares of the financial services provider's stock valued at $1,409,000 after buying an additional 8,120 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Unum Group by 202.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 945,271 shares of the financial services provider's stock valued at $77,512,000 after buying an additional 632,358 shares during the period. Finally, Zurich Insurance Group Ltd FI bought a new position in shares of Unum Group during the 4th quarter valued at $105,199,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Piper Sandler raised their target price on Unum Group from $88.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. Evercore ISI decreased their target price on Unum Group from $100.00 to $96.00 and set an "outperform" rating on the stock in a report on Wednesday, July 30th. JPMorgan Chase & Co. raised their target price on Unum Group from $87.00 to $96.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Barclays set a $96.00 target price on Unum Group and gave the stock an "overweight" rating in a report on Monday, July 7th. Finally, Wells Fargo & Company decreased their target price on Unum Group from $105.00 to $100.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $91.62.

Unum Group Price Performance

Shares of Unum Group stock traded up $0.94 during trading on Tuesday, reaching $70.33. 1,068,536 shares of the stock traded hands, compared to its average volume of 1,762,946. The company has a market capitalization of $11.98 billion, a price-to-earnings ratio of 8.41, a P/E/G ratio of 1.12 and a beta of 0.40. The business has a fifty day simple moving average of $78.09 and a two-hundred day simple moving average of $78.25. 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 52-week low of $52.71 and a 52-week high of $84.48.

Unum Group (NYSE:UNM - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.35 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The company's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.16 EPS. Sell-side 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 will be paid on Friday, August 15th. Investors of record on Friday, July 25th will be given a $0.46 dividend. This is an increase from Unum Group's previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, July 25th. Unum Group's dividend payout ratio (DPR) is 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.