Lingohr Asset Management GmbH Sells 66,583 Shares of Unum Group $UNM

Key Points

• Lingohr Asset Management GmbH sold 66,583 shares of Unum Group, reducing its stake by 90.7%, leaving it with just 6,795 shares valued at $549,000.
• Analysts have mixed ratings, with JPMorgan and Barclays setting price targets of $96, while Wells Fargo reduced its target to $100, indicating a cautious outlook on the stock's growth.
• Unum Group recently declared a quarterly dividend of $0.46, marking an increase from the previous $0.42, with a current dividend yield of 2.4%.

Lingohr Asset Management GmbH lowered its position in Unum Group (NYSE:UNM - Free Report) by 90.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,795 shares of the financial services provider's stock after selling 66,583 shares during the period. Lingohr Asset Management GmbH's holdings in Unum Group were worth $549,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in UNM. Zurich Insurance Group Ltd FI bought a new position in Unum Group in the fourth quarter worth $105,199,000. Invesco Ltd. increased its stake in shares of Unum Group by 155.6% in the 1st quarter. Invesco Ltd. now owns 2,278,473 shares of the financial services provider's stock worth $185,604,000 after acquiring an additional 1,387,139 shares in the last quarter. Nuveen LLC bought a new position in shares of Unum Group during the first quarter valued at approximately $93,287,000. Teewinot Capital Advisers L.L.C. bought a new position in shares of Unum Group during the first quarter valued at approximately $58,881,000. Finally, Assenagon Asset Management S.A. increased its stake in shares of Unum Group by 228.6% during the first quarter. Assenagon Asset Management S.A. now owns 1,033,700 shares of the financial services provider's stock valued at $84,205,000 after purchasing an additional 719,152 shares in the last quarter. Institutional investors own 86.57% of the company's stock.

Unum Group Stock Performance

Shares of NYSE:UNM traded down $0.19 during mid-day trading on Friday, reaching $76.07. 546,304 shares of the company traded hands, compared to its average volume of 1,432,593. The company's 50 day moving average price is $73.63 and its 200-day moving average price is $77.34. The firm has a market cap of $12.95 billion, a PE ratio of 9.09, a PEG ratio of 1.27 and a beta of 0.38. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. Unum Group has a 52 week low of $56.50 and a 52 week high of $84.48.

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). The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.35 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The company's revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.16 earnings per share. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. On average, equities analysts expect that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 25th were issued a $0.46 dividend. The ex-dividend date of this dividend was Friday, July 25th. This represents a $1.84 annualized dividend and a yield of 2.4%. This is an increase from Unum Group's previous quarterly dividend of $0.42. Unum Group's payout ratio is currently 22.01%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $95.00 price objective (down previously from $100.00) on shares of Unum Group in a research report on Thursday, July 31st. JPMorgan Chase & Co. raised their price target on Unum Group from $87.00 to $96.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Piper Sandler raised their price target on Unum Group from $88.00 to $92.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Evercore ISI reduced their price objective on shares of Unum Group from $100.00 to $96.00 and set an "outperform" rating for the company in a research note on Wednesday, July 30th. Finally, Morgan Stanley reduced 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 note on Monday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $91.14.

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.