Jump Financial LLC Lowers Position in Unum Group $UNM

Key Points

• Jump Financial LLC has reduced its stake in Unum Group by 84.1%, selling 18,525 shares and now holding only 3,500 shares valued at approximately $285,000.
• Several institutional investors have altered their positions in Unum Group, with Asset Management One Co. Ltd. significantly increasing its holdings by 88.4%.
• Unum Group announced a quarterly dividend increase to $0.46 per share, representing a 2.5% dividend yield, up from the previous $0.42.

Jump Financial LLC lessened its stake in Unum Group (NYSE:UNM - Free Report) by 84.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,500 shares of the financial services provider's stock after selling 18,525 shares during the quarter. Jump Financial LLC's holdings in Unum Group were worth $285,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its position in Unum Group by 67.2% in the first quarter. Smartleaf Asset Management LLC now owns 4,248 shares of the financial services provider's stock worth $340,000 after purchasing an additional 1,708 shares during the last quarter. Compound Planning Inc. increased its position in Unum Group by 27.0% in the first quarter. Compound Planning Inc. now owns 5,749 shares of the financial services provider's stock worth $468,000 after purchasing an additional 1,224 shares during the last quarter. Capital Fund Management S.A. increased its position in Unum Group by 215.2% in the first quarter. Capital Fund Management S.A. now owns 49,760 shares of the financial services provider's stock worth $4,053,000 after purchasing an additional 33,972 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in Unum Group by 43.5% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 111,451 shares of the financial services provider's stock worth $9,079,000 after purchasing an additional 33,765 shares during the last quarter. Finally, Versor Investments LP bought a new stake in Unum Group in the first quarter worth $846,000. Hedge funds and other institutional investors own 86.57% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on UNM shares. Morgan Stanley reduced their price target on shares of Unum Group from $85.00 to $79.00 and set an "equal weight" rating on the stock in a research report on Monday, August 18th. Evercore ISI reduced their price target on shares of Unum Group from $100.00 to $96.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 30th. Wells Fargo & Company reduced their price target on shares of Unum Group from $105.00 to $100.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. UBS Group set a $87.00 price target on shares of Unum Group and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Finally, Keefe, Bruyette & Woods restated an "outperform" rating and issued a $95.00 price target (down previously from $100.00) on shares of Unum Group in a research report on Thursday, July 31st. One research 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 data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.15.

Unum Group Trading Up 0.8%

UNM stock traded up $0.58 during mid-day trading on Friday, reaching $73.65. 2,680,413 shares of the stock traded hands, compared to its average volume of 1,209,642. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. Unum Group has a one year low of $52.71 and a one year high of $84.48. The stock has a market capitalization of $12.54 billion, a PE ratio of 8.81, a PEG ratio of 1.24 and a beta of 0.38. The business has a 50-day moving average price of $74.81 and a two-hundred day moving average price of $77.54.

Unum Group (NYSE:UNM - Get Free Report) last posted 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). 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 for the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter last year, the firm earned $2.16 EPS. The company's revenue was up 4.0% on a year-over-year basis. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Equities research analysts expect that Unum Group will post 9.14 EPS for the current year.

Unum Group Increases Dividend

The business also recently announced 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. This is an increase 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 2.5%. The ex-dividend date of this dividend was Friday, July 25th. Unum Group's payout ratio is presently 22.01%.

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.