KLP Kapitalforvaltning AS Sells 7,400 Shares of Unum Group $UNM

Key Points

• KLP Kapitalforvaltning AS reduced its stake in Unum Group by 13.1%, selling 7,400 shares during the second quarter, leaving it with 48,900 shares valued at approximately $3.95 million.
• Unum Group has a quarterly dividend of $0.46 per share set to be paid on November 14, with an annualized yield of 2.4%, while institutional investors own 86.57% of the stock.
• Analyst ratings for Unum Group include two Strong Buy, nine Buy, and three Hold ratings, with a consensus target price currently set at $93.23.

KLP Kapitalforvaltning AS cut its holdings in Unum Group (NYSE:UNM - Free Report) by 13.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,900 shares of the financial services provider's stock after selling 7,400 shares during the period. KLP Kapitalforvaltning AS's holdings in Unum Group were worth $3,949,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quintet Private Bank Europe S.A. bought a new position in Unum Group in the 2nd quarter worth approximately $28,000. Vermillion & White Wealth Management Group LLC bought a new position in Unum Group in the 1st quarter worth approximately $30,000. Atwood & Palmer Inc. boosted its holdings in Unum Group by 100.0% in the 2nd quarter. Atwood & Palmer Inc. now owns 400 shares of the financial services provider's stock worth $32,000 after buying an additional 200 shares during the period. N.E.W. Advisory Services LLC bought a new position in Unum Group in the 1st quarter worth approximately $35,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Unum Group by 196.9% in the 1st 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 period. 86.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on UNM. Evercore ISI lowered their target price on shares of Unum Group from $100.00 to $96.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 30th. UBS Group set a $87.00 target price on shares of Unum Group and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $95.00 target price (down from $100.00) on shares of Unum Group in a research note on Thursday, July 31st. Piper Sandler increased their target price 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. Finally, Wolfe Research upgraded shares of Unum Group to a "strong-buy" rating in a research note on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.23.

Unum Group Stock Performance

Unum Group stock opened at $75.85 on Friday. The firm's fifty day moving average price is $73.27 and its 200-day moving average price is $77.06. 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 stock has a market cap of $12.92 billion, a P/E ratio of 9.07, a price-to-earnings-growth ratio of 1.30 and a beta of 0.36. Unum Group has a fifty-two week low of $61.37 and a fifty-two week high of $84.48.

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 the consensus estimate 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 net margin of 11.77% and a return on equity of 13.44%. The business's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.16 EPS. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. On average, equities research analysts expect that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 24th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, October 24th. Unum Group's dividend payout ratio (DPR) 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.

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