Mirae Asset Global Investments Co. Ltd. Acquires 9,884 Shares of Unum Group $UNM

Key Points

• Mirae Asset Global Investments increased its stake in Unum Group by 7.0%, purchasing an additional 9,884 shares, bringing its total holdings to 150,251 shares valued at approximately $12.13 million.
• Unum Group recently announced a dividend increase to $0.46 per share, which represents a 2.3% annual dividend yield, up from the previous $0.42 per share.
• Analysts have given Unum Group an average rating of "Moderate Buy" with a consensus price target of $91.14, reflecting positive investor sentiment despite some recent price target reductions from firms such as Wells Fargo and Morgan Stanley.

Mirae Asset Global Investments Co. Ltd. raised its holdings in Unum Group (NYSE:UNM - Free Report) by 7.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 150,251 shares of the financial services provider's stock after purchasing an additional 9,884 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.09% of Unum Group worth $12,134,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Quintet Private Bank Europe S.A. bought a new stake in Unum Group in the 2nd quarter valued at about $28,000. Vermillion & White Wealth Management Group LLC bought a new stake in Unum Group in the 1st quarter valued at about $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 valued at $32,000 after purchasing an additional 200 shares during the period. N.E.W. Advisory Services LLC bought a new stake in Unum Group in the 1st quarter valued at about $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 valued at $39,000 after purchasing an additional 317 shares during the period. Institutional investors own 86.57% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on UNM. Wolfe Research raised shares of Unum Group to a "strong-buy" rating in a report on Tuesday, September 16th. Weiss Ratings reiterated a "buy (b)" rating on shares of Unum Group in a research report on Saturday, September 27th. Wells Fargo & Company decreased their price target on shares of Unum Group from $105.00 to $100.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Morgan Stanley decreased their price target on shares of Unum Group from $85.00 to $79.00 and set an "equal weight" rating for the company in a research report on Monday, August 18th. Finally, UBS Group set a $87.00 price target on shares of Unum Group and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Unum Group currently has an average rating of "Moderate Buy" and a consensus target price of $91.14.

Unum Group Trading Up 1.1%

NYSE:UNM opened at $79.43 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $13.53 billion, a price-to-earnings ratio of 9.50, a PEG ratio of 1.34 and a beta of 0.36. The firm has a fifty day simple moving average of $72.98 and a two-hundred day simple moving average of $77.19. Unum Group has a 12 month low of $59.98 and a 12 month high of $84.48.

Unum Group (NYSE:UNM - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $3.35 billion. During the same period last year, the business posted $2.16 earnings per share. The firm's quarterly 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. Analysts expect that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 25th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.3%. This is a positive change from Unum Group's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, July 25th. Unum Group's payout ratio is 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.

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