Fox Run Management L.L.C. Invests $355,000 in Unum Group $UNM

Key Points

• Fox Run Management L.L.C. purchased a new stake in Unum Group, acquiring 4,359 shares valued at approximately $355,000 in the first quarter.
• Unum Group's quarterly earnings revealed earnings per share of $2.07, falling short of the expected $2.23, while revenue increased by 4.0% compared to the same period last year.
• The company recently increased its dividend to $0.46 per share, reflecting a boost from the previous $0.42, resulting in an annualized yield of 2.7%.

Fox Run Management L.L.C. purchased a new stake in shares of Unum Group (NYSE:UNM - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,359 shares of the financial services provider's stock, valued at approximately $355,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Neuberger Berman Group LLC increased its holdings in shares of Unum Group by 8.1% in the 1st quarter. Neuberger Berman Group LLC now owns 457,265 shares of the financial services provider's stock worth $37,249,000 after buying an additional 34,377 shares during the last quarter. Boston Partners purchased a new position in Unum Group in the first quarter worth about $6,729,000. Callan Family Office LLC increased its stake in Unum Group by 14.4% during the first quarter. Callan Family Office LLC now owns 4,704 shares of the financial services provider's stock worth $383,000 after acquiring an additional 592 shares during the last quarter. HighTower Advisors LLC raised its position in Unum Group by 0.3% during the first quarter. HighTower Advisors LLC now owns 60,370 shares of the financial services provider's stock valued at $4,918,000 after purchasing an additional 201 shares during the period. Finally, Longfellow Investment Management Co. LLC purchased a new stake in Unum Group during the first quarter valued at approximately $454,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UNM. Barclays set a $96.00 target price on Unum Group and gave the stock an "overweight" rating in a report on Monday, July 7th. Piper Sandler lifted their price objective on shares of Unum Group from $88.00 to $92.00 and gave the stock 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 on the stock in a research note on Monday, August 18th. Evercore ISI lowered their target price 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, Wells Fargo & Company cut their price target on shares of Unum Group from $105.00 to $100.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, Unum Group has an average rating of "Moderate Buy" and a consensus price target of $91.15.

Unum Group Stock Down 0.2%

Shares of Unum Group stock traded down $0.14 during trading on Monday, hitting $69.78. 131,414 shares of the stock traded hands, compared to its average volume of 1,418,318. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. The stock's fifty day simple moving average is $76.48 and its 200 day simple moving average is $77.88. The firm has a market cap of $11.88 billion, a P/E ratio of 8.34, a price-to-earnings-growth ratio of 1.18 and a beta of 0.40. 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 posted 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 company had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.35 billion. Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The firm's quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.16 EPS. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. On average, equities analysts predict that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 25th were paid a dividend of $0.46 per share. 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 dividend yield of 2.6%. Unum Group's payout ratio is presently 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.