Graham Capital Management L.P. Has $3.32 Million Stock Holdings in Unum Group $UNM

Key Points

• Graham Capital Management L.P. significantly increased its stake in Unum Group by 74.5%, acquiring an additional 17,369 shares, which brought its total holdings to 40,697 shares valued at $3.3 million.
• Various other institutional investors, including Charles Schwab and Invesco, have also raised their positions in Unum Group, with institutional investors currently owning 86.57% of the stock.
• Unum Group announced a quarterly dividend increase from $0.42 to $0.46, reflecting a yield of 2.6%, and recently reported earnings that slightly missed analysts' expectations.

Graham Capital Management L.P. increased its holdings in Unum Group (NYSE:UNM - Free Report) by 74.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,697 shares of the financial services provider's stock after purchasing an additional 17,369 shares during the period. Graham Capital Management L.P.'s holdings in Unum Group were worth $3,315,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in UNM. Vermillion & White Wealth Management Group LLC acquired a new position in Unum Group in the first quarter worth about $30,000. N.E.W. Advisory Services LLC acquired a new position in Unum Group in the first quarter worth about $35,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Unum Group by 196.9% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478 shares of the financial services provider's stock worth $39,000 after buying an additional 317 shares during the last quarter. Rossby Financial LCC bought a new stake in Unum Group during the first quarter worth about $46,000. Finally, Wayfinding Financial LLC bought a new stake in Unum Group during the first quarter worth about $49,000. Institutional investors and hedge funds own 86.57% of the company's stock.

Unum Group Trading Up 3.9%

UNM stock traded up $2.75 during midday trading on Wednesday, reaching $72.78. The company's stock had a trading volume of 3,896,152 shares, compared to its average volume of 1,109,887. Unum Group has a 52 week low of $52.71 and a 52 week high of $84.48. The stock has a market cap of $12.40 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 1.18 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 business's 50-day simple moving average is $75.08 and its 200-day simple moving average is $77.54.

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

Unum Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 25th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.5%. This is a boost from Unum Group's previous quarterly dividend of $0.42. The ex-dividend date was Friday, July 25th. Unum Group's dividend payout ratio (DPR) is 22.01%.

Wall Street Analysts Forecast Growth

UNM has been the topic of several research analyst reports. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $95.00 price objective (down from $100.00) on shares of Unum Group in a research note on Thursday, July 31st. Barclays set a $96.00 price objective on shares of Unum Group and gave the stock an "overweight" rating in a research note on Monday, July 7th. Morgan Stanley decreased their price objective 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. Wells Fargo & Company decreased their price objective on shares of Unum Group from $105.00 to $100.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Finally, UBS Group set a $87.00 price objective on shares of Unum Group and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, Unum Group has a consensus rating of "Moderate Buy" and an average target price of $91.15.

Unum Group Company 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.