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Mutual of America Capital Management LLC Reduces Position in Unum Group $UNM

Unum Group logo with Finance background

Key Points

  • Mutual of America Capital Management LLC decreased its holdings in Unum Group by 5.7% in Q2, resulting in 79,775 shares valued at approximately $6.44 million.
  • Analysts have varying price targets for Unum Group, with Wells Fargo lowering its target to $98.00 while Piper Sandler raised it to $92.00, indicating a consensus rating of "Moderate Buy".
  • Unum Group has announced a quarterly dividend of $0.46, set to be paid on November 14th, which reflects an annualized yield of 2.4% and a payout ratio of 22.01%.
  • MarketBeat previews the top five stocks to own by November 1st.

Mutual of America Capital Management LLC decreased its position in Unum Group (NYSE:UNM - Free Report) by 5.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 79,775 shares of the financial services provider's stock after selling 4,794 shares during the quarter. Mutual of America Capital Management LLC's holdings in Unum Group were worth $6,443,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Foster & Motley Inc. lifted its holdings in Unum Group by 2.9% in the second quarter. Foster & Motley Inc. now owns 123,375 shares of the financial services provider's stock valued at $9,964,000 after acquiring an additional 3,430 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in Unum Group by 9.4% in the second quarter. Stratos Wealth Partners LTD. now owns 4,161 shares of the financial services provider's stock valued at $336,000 after acquiring an additional 359 shares during the period. Nordea Investment Management AB lifted its holdings in Unum Group by 3.6% in the second quarter. Nordea Investment Management AB now owns 1,482,096 shares of the financial services provider's stock valued at $119,235,000 after acquiring an additional 51,750 shares during the period. Allianz Asset Management GmbH raised its stake in shares of Unum Group by 11.5% in the second quarter. Allianz Asset Management GmbH now owns 1,537,189 shares of the financial services provider's stock worth $124,143,000 after buying an additional 159,084 shares during the period. Finally, Ritholtz Wealth Management lifted its position in shares of Unum Group by 0.4% during the 2nd quarter. Ritholtz Wealth Management now owns 42,327 shares of the financial services provider's stock valued at $3,418,000 after buying an additional 160 shares in the last quarter. Institutional investors own 86.57% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of Unum Group from $100.00 to $98.00 and set an "overweight" rating for the company in a research note on Wednesday, October 8th. Evercore ISI decreased their target price 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. Piper Sandler lifted their target price on Unum Group from $88.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. Morgan Stanley lifted their target price on Unum Group from $79.00 to $81.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 7th. Finally, Barclays lifted their target price on Unum Group from $92.00 to $95.00 and gave the company an "overweight" rating in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.23.

Check Out Our Latest Stock Report on Unum Group

Unum Group Stock Performance

NYSE UNM opened at $75.68 on Tuesday. The stock has a market capitalization of $12.89 billion, a PE ratio of 9.05, a P/E/G ratio of 1.24 and a beta of 0.36. The business has a 50 day simple moving average of $73.96 and a two-hundred day simple moving average of $76.82. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. Unum Group has a 1-year low of $61.37 and a 1-year high of $84.48.

Unum Group (NYSE:UNM - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.35 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The business's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.16 EPS. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. On average, research analysts predict that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 24th will be issued a $0.46 dividend. The ex-dividend date is Friday, October 24th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.4%. Unum Group's payout ratio is 22.01%.

Unum Group Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Unum Group (NYSE:UNM)

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