Ieq Capital LLC Has $1.28 Million Stock Position in Unum Group $UNM

Key Points

• Ieq Capital LLC sold 4,252 shares of Unum Group, reducing its holdings by 21.2% to a total of 15,764 shares, valued at approximately $1.28 million.
• Unum Group reported quarterly earnings of $2.07 per share, which missed analysts' estimates, but achieved a revenue of $3.36 billion, slightly exceeding expectations.
• The company increased its quarterly dividend from $0.42 to $0.46 per share, resulting in an annualized yield of 2.6%.

Ieq Capital LLC decreased its stake in Unum Group (NYSE:UNM - Free Report) by 21.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,764 shares of the financial services provider's stock after selling 4,252 shares during the quarter. Ieq Capital LLC's holdings in Unum Group were worth $1,284,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of UNM. Stratos Wealth Partners LTD. raised its holdings in shares of Unum Group by 28.3% during the first quarter. Stratos Wealth Partners LTD. now owns 3,802 shares of the financial services provider's stock valued at $310,000 after acquiring an additional 838 shares during the last quarter. Wellington Management Group LLP acquired a new stake in Unum Group in the fourth quarter valued at $240,000. HighTower Advisors LLC raised its stake in Unum Group by 0.3% in the first quarter. HighTower Advisors LLC now owns 60,370 shares of the financial services provider's stock valued at $4,918,000 after buying an additional 201 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Unum Group during the first quarter worth about $646,000. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Unum Group by 88.4% during the first quarter. Asset Management One Co. Ltd. now owns 17,302 shares of the financial services provider's stock worth $1,409,000 after buying an additional 8,120 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company's stock.

Unum Group Stock Up 0.8%

Shares of UNM traded up $0.58 during trading hours on Friday, hitting $73.65. 2,680,413 shares of the company were exchanged, compared to its average volume of 1,209,642. Unum Group has a 52 week low of $52.71 and a 52 week high of $84.48. The company has a market cap of $12.54 billion, a PE ratio of 8.81, a PEG ratio of 1.23 and a beta of 0.38. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. The firm's 50 day moving average is $74.81 and its 200-day moving average is $77.52.

Unum Group (NYSE:UNM - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $2.07 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 firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the prior year, the business earned $2.16 EPS. The company's revenue for the quarter 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. On average, equities research analysts forecast that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 25th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.5%. This is an increase from Unum Group's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, July 25th. Unum Group's payout ratio is presently 22.01%.

Analyst Ratings Changes

UNM has been the topic of several recent analyst reports. Evercore ISI dropped their target price on Unum Group from $100.00 to $96.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 30th. UBS Group set a $87.00 price objective on Unum Group and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Barclays set a $96.00 price target on Unum Group and gave the company an "overweight" rating in a report 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 for the company in a research report on Monday, August 18th. Finally, Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $95.00 target price (down previously from $100.00) on shares of Unum Group in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Unum Group currently has a consensus rating of "Moderate Buy" and an average target price of $91.15.

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.