MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stake in Unum Group $UNM

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Unum Group by 12.7%, owning 37,580 shares valued at approximately $3,061,000 as of the latest filing.
• Unum Group's quarterly earnings missed estimates with an EPS of $2.07, while revenue rose to $3.36 billion, exceeding expectations.
• The company increased its quarterly dividend to $0.46 per share, representing an annual yield of 2.4% and a payout ratio of 22.01%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Unum Group (NYSE:UNM - Free Report) by 12.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,580 shares of the financial services provider's stock after purchasing an additional 4,233 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Unum Group were worth $3,061,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of UNM. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Unum Group during the first quarter valued at $30,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Unum Group during the first quarter valued at $35,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Unum Group by 196.9% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478 shares of the financial services provider's stock valued at $39,000 after buying an additional 317 shares during the last quarter. Rossby Financial LCC purchased a new stake in shares of Unum Group during the first quarter valued at $46,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Unum Group during the first quarter valued at $49,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Unum Group Stock Down 0.1%

UNM opened at $75.19 on Friday. Unum Group has a twelve month low of $54.72 and a twelve month high of $84.48. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average price of $74.07 and a 200 day moving average price of $77.50. The company has a market cap of $12.81 billion, a PE ratio of 8.99, a price-to-earnings-growth ratio of 1.27 and a beta of 0.38.

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 the consensus estimate of $2.23 by ($0.16). Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The business had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.35 billion. During the same period in the prior year, the company posted $2.16 EPS. The firm'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. Sell-side analysts expect that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 25th were paid a dividend of $0.46 per share. 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 a boost from Unum Group's previous quarterly dividend of $0.42. Unum Group's dividend payout ratio is currently 22.01%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on UNM shares. Piper Sandler boosted their target price on shares of Unum Group from $88.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. Barclays set a $96.00 target price on shares of Unum Group and gave the company an "overweight" rating in a research report on Monday, July 7th. UBS Group set a $87.00 target price on shares of Unum Group and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Keefe, Bruyette & Woods restated an "outperform" rating and set a $95.00 target price (down from $100.00) on shares of Unum Group in a research report on Thursday, July 31st. Finally, Evercore ISI decreased their target price on shares of Unum Group from $100.00 to $96.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $91.15.

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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