Mitsubishi UFJ Trust & Banking Corp Sells 18,982 Shares of Unum Group $UNM

Key Points

• Mitsubishi UFJ Trust & Banking Corp. cut its Unum Group stake by 66.1% in the second quarter, selling 18,982 shares and retaining 9,736 shares worth approximately $870,000.
• Unum reported quarterly EPS of $2.16, matching analyst estimates, while revenue reached $3.39 billion and increased slightly year over year. The company raised its quarterly dividend to $0.505, or $2.02 annually, for a 2.2% yield.
• Analysts remain broadly positive, with eight Buy ratings and six Holds; Unum has a “Moderate Buy” consensus rating and an average price target of $99, compared with a recent share price of $93.41.

Mitsubishi UFJ Trust & Banking Corp decreased its stake in Unum Group (NYSE:UNM - Free Report) by 66.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,736 shares of the financial services provider's stock after selling 18,982 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Unum Group were worth $870,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNM. Laurel Wealth Advisors LLC acquired a new stake in shares of Unum Group in the 4th quarter valued at approximately $25,000. SHP Wealth Management bought a new position in Unum Group during the 4th quarter worth approximately $25,000. MBM Wealth Consultants LLC bought a new position in Unum Group during the 1st quarter worth approximately $29,000. Triumph Capital Management acquired a new position in Unum Group during the third quarter valued at approximately $31,000. Finally, Ancora Advisors LLC grew its holdings in Unum Group by 385.2% during the third quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 339 shares during the period. Institutional investors own 86.57% of the company's stock.

Unum Group Price Performance

Shares of UNM opened at $93.41 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a 50 day simple moving average of $89.51 and a 200 day simple moving average of $81.26. Unum Group has a 52-week low of $68.28 and a 52-week high of $94.55. The firm has a market capitalization of $14.79 billion, a PE ratio of 21.77, a P/E/G ratio of 0.99 and a beta of 0.26.

Unum Group (NYSE:UNM - Get Free Report) last posted its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.16. The business had revenue of $3.39 billion during the quarter, compared to analysts' expectations of $2.90 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.Unum Group's revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.92 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Sell-side analysts predict that Unum Group will post 8.65 EPS for the current fiscal year.

Unum Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 24th were issued a $0.505 dividend. This represents a $2.02 annualized dividend and a dividend yield of 2.2%. This is a boost from Unum Group's previous quarterly dividend of $0.46. The ex-dividend date was Friday, July 24th. Unum Group's dividend payout ratio is currently 47.09%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on UNM shares. Weiss Ratings raised shares of Unum Group from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, July 28th. Evercore reissued an "outperform" rating and set a $106.00 price target on shares of Unum Group in a research report on Tuesday, July 7th. Wells Fargo & Company boosted their price target on shares of Unum Group from $100.00 to $101.00 and gave the company an "overweight" rating in a report on Thursday, July 9th. Keefe, Bruyette & Woods lowered their price objective on shares of Unum Group from $110.00 to $108.00 and set an "outperform" rating for the company in a research report on Thursday, July 30th. Finally, Jefferies Financial Group raised their price objective on Unum Group from $117.00 to $123.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $99.00.

Unum Group Company Profile

Unum Group NYSE: UNM is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.

In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source