Livforsakringsbolaget Skandia Omsesidigt Has $4.01 Million Holdings in Unum Group $UNM

Key Points

• Livforsakringsbolaget Skandia Omsesidigt reduced its stake in Unum Group by 26.4%, selling 17,800 shares during the 2nd quarter, with remaining holdings valued at approximately $4.01 million.
• Unum Group reported quarterly earnings with an EPS of $2.07, falling short of analyst expectations, despite a revenue increase of 4% year-over-year.
• The company recently declared a quarterly dividend increase from $0.42 to $0.46, representing a yield of 2.5%, with a payout ratio of 22.01%.

Livforsakringsbolaget Skandia Omsesidigt lowered its stake in Unum Group (NYSE:UNM - Free Report) by 26.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 49,700 shares of the financial services provider's stock after selling 17,800 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Unum Group were worth $4,014,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Atwood & Palmer Inc. lifted its stake in shares of Unum Group by 100.0% in the 2nd quarter. Atwood & Palmer Inc. now owns 400 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 200 shares during the period. Quintet Private Bank Europe S.A. acquired a new position in shares of Unum Group in the 2nd quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Unum Group by 14.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,465 shares of the financial services provider's stock valued at $118,000 after purchasing an additional 183 shares during the period. Voya Investment Management LLC lifted its stake in shares of Unum Group by 13.8% in the 1st quarter. Voya Investment Management LLC now owns 293,687 shares of the financial services provider's stock valued at $23,924,000 after purchasing an additional 35,651 shares during the period. Finally, First Hawaiian Bank acquired a new position in shares of Unum Group in the 1st quarter valued at $1,145,000. Institutional investors and hedge funds own 86.57% of the company's stock.

Unum Group Stock Up 1.6%

Shares of NYSE UNM traded up $1.18 during mid-day trading on Thursday, hitting $76.28. The company had a trading volume of 1,389,256 shares, compared to its average volume of 1,437,870. The company has a market capitalization of $12.99 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 1.25 and a beta of 0.38. The firm has a 50-day simple moving average of $73.71 and a two-hundred day simple moving average of $77.38. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. Unum Group has a one year low of $56.07 and a one year 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 for the quarter, missing the consensus estimate of $2.23 by ($0.16). The company had revenue of $3.36 billion during 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%. Unum Group's revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.16 EPS. 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 year.

Unum Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 25th were issued a dividend of $0.46 per share. The ex-dividend date was Friday, July 25th. 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 yield of 2.4%. Unum Group's dividend payout ratio is 22.01%.

Analysts Set New Price Targets

UNM has been the topic of a number of analyst reports. UBS Group set a $87.00 price target on Unum Group and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Morgan Stanley dropped their price objective on Unum Group from $85.00 to $79.00 and set an "equal weight" rating on the stock in a research note on Monday, August 18th. Wells Fargo & Company dropped their price objective on Unum Group from $105.00 to $100.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Wolfe Research raised Unum Group to a "strong-buy" rating in a research note on Tuesday. Finally, Evercore ISI dropped their price objective on Unum Group from $100.00 to $96.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $91.14.

About Unum Group

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.