Lingohr Asset Management GmbH Decreases Stake in 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 stake in shares of Unum Group (NYSE:UNM - Free Report) by 90.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,795 shares of the financial services provider's stock after selling 66,583 shares during the quarter. Lingohr Asset Management GmbH's holdings in Unum Group were worth $549,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of UNM. Brighton Jones LLC bought a new stake in Unum Group during the fourth quarter worth $247,000. Cetera Investment Advisers grew its holdings in Unum Group by 6.0% during the fourth quarter. Cetera Investment Advisers now owns 36,967 shares of the financial services provider's stock worth $2,700,000 after buying an additional 2,105 shares in the last quarter. Focus Partners Wealth grew its holdings in Unum Group by 27.6% during the fourth quarter. Focus Partners Wealth now owns 5,172 shares of the financial services provider's stock worth $378,000 after buying an additional 1,118 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Unum Group by 1.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,347 shares of the financial services provider's stock worth $2,435,000 after buying an additional 589 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in Unum Group by 2.0% during the fourth quarter. Nuveen Asset Management LLC now owns 1,221,569 shares of the financial services provider's stock worth $89,211,000 after buying an additional 24,461 shares in the last quarter. Institutional investors own 86.57% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Evercore ISI reduced their price objective on Unum Group from $100.00 to $96.00 and set an "outperform" rating for the company in a research note on Wednesday, July 30th. Morgan Stanley reduced their price objective on 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. JPMorgan Chase & Co. upped their price objective on Unum Group from $87.00 to $96.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Wells Fargo & Company reduced their price objective on Unum Group from $105.00 to $100.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Finally, Piper Sandler upped their price objective on Unum Group from $88.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Unum Group has a consensus rating of "Moderate Buy" and a consensus target price of $91.14.

Unum Group Price Performance

Shares of NYSE:UNM traded down $0.69 on Tuesday, hitting $74.21. The company's stock had a trading volume of 1,316,472 shares, compared to its average volume of 1,364,075. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market capitalization of $12.64 billion, a PE ratio of 8.88, a PEG ratio of 1.26 and a beta of 0.38. The company has a 50-day simple moving average of $73.80 and a 200 day simple moving average of $77.39. Unum Group has a 1 year low of $56.07 and a 1 year high of $84.48.

Unum Group (NYSE:UNM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.16). Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the previous year, the business earned $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. Sell-side analysts forecast that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Increases Dividend

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

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.