Unum Group $UNM Shares Sold by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. reduced its stake in Unum Group by 80.4%, selling 41,929 shares and leaving it with 10,235 shares valued at $834,000.
• Unum Group has experienced changes in institutional holdings, with several hedge funds buying new positions and a notable 196.9% increase in shares by Mitsubishi UFJ Asset Management Co. Ltd.
• The company has recently declared a quarterly dividend of $0.46, up from the previous $0.42, representing an annualized yield of 2.5%.

Nomura Holdings Inc. lessened its holdings in Unum Group (NYSE:UNM - Free Report) by 80.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,235 shares of the financial services provider's stock after selling 41,929 shares during the quarter. Nomura Holdings Inc.'s holdings in Unum Group were worth $834,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in UNM. Brighton Jones LLC bought a new stake in shares of Unum Group during the fourth quarter valued at approximately $247,000. BNP Paribas Financial Markets lifted its holdings in shares of Unum Group by 79.0% in the 4th quarter. BNP Paribas Financial Markets now owns 207,736 shares of the financial services provider's stock worth $15,171,000 after buying an additional 91,703 shares during the period. Baird Financial Group Inc. increased its position in Unum Group by 95.7% during the 4th quarter. Baird Financial Group Inc. now owns 7,169 shares of the financial services provider's stock valued at $524,000 after purchasing an additional 3,506 shares during the period. Captrust Financial Advisors raised its holdings in shares of Unum Group by 5.5% in the 4th quarter. Captrust Financial Advisors now owns 223,310 shares of the financial services provider's stock valued at $16,308,000 after purchasing an additional 11,650 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in Unum Group by 6.0% in the fourth quarter. Cetera Investment Advisers now owns 36,967 shares of the financial services provider's stock worth $2,700,000 after buying an additional 2,105 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors.

Unum Group Stock Performance

NYSE UNM traded up $0.58 on Friday, reaching $73.65. 2,680,413 shares of the company's stock traded hands, compared to its average volume of 1,209,642. Unum Group has a fifty-two week low of $52.71 and a fifty-two week high of $84.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market cap of $12.54 billion, a price-to-earnings ratio of 8.81, a P/E/G ratio of 1.24 and a beta of 0.38. The stock has a 50 day moving average price of $74.81 and a 200-day moving average price of $77.54.

Unum Group (NYSE:UNM - Get Free Report) last issued 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 company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same period last year, the firm earned $2.16 EPS. The business's quarterly revenue was up 4.0% compared to the same quarter last year. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Equities research analysts predict that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 25th were given a $0.46 dividend. The ex-dividend date was Friday, July 25th. This represents a $1.84 annualized dividend and a yield of 2.5%. This is a boost from Unum Group's previous quarterly dividend of $0.42. Unum Group's payout ratio is currently 22.01%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. UBS Group set a $87.00 target price on Unum Group and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Wells Fargo & Company reduced their price target on Unum Group from $105.00 to $100.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Barclays set a $96.00 price target on Unum Group and gave the stock an "overweight" rating in a research note on Monday, July 7th. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $95.00 target price (down from $100.00) on shares of Unum Group in a research note on Thursday, July 31st. Finally, Piper Sandler boosted their target price on shares of Unum Group from $88.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, July 3rd. One analyst has 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. Based on data from MarketBeat.com, Unum Group presently has a consensus rating of "Moderate Buy" and an average target price of $91.15.

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.