Norden Group LLC Sells 5,886 Shares of Unum Group $UNM

Key Points

• Norden Group LLC has reduced its stake in Unum Group by 59.5%, selling 5,886 shares in the second quarter, leaving them with 4,007 shares valued at $324,000.
• Unum Group reported $2.07 earnings per share for the last quarter, missing the consensus estimate of $2.23, though revenue increased by 4.0% year-over-year to $3.36 billion.
• The company has increased its quarterly dividend from $0.42 to $0.46, resulting in an annualized yield of 2.4%.

Norden Group LLC reduced its stake in Unum Group (NYSE:UNM - Free Report) by 59.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,007 shares of the financial services provider's stock after selling 5,886 shares during the quarter. Norden Group LLC's holdings in Unum Group were worth $324,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quintet Private Bank Europe S.A. bought a new position in Unum Group in the 2nd quarter worth $28,000. Vermillion & White Wealth Management Group LLC bought a new stake in Unum Group during the first quarter valued at about $30,000. Atwood & Palmer Inc. raised its holdings in Unum Group by 100.0% during the second quarter. Atwood & Palmer Inc. now owns 400 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 200 shares during the period. N.E.W. Advisory Services LLC bought a new stake in Unum Group during the first quarter valued at about $35,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in 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 acquiring an additional 317 shares during the period. 86.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on UNM. UBS Group set a $87.00 price target on Unum Group and gave the company a "neutral" rating in a report on Wednesday, July 30th. Morgan Stanley decreased their price target on Unum Group from $85.00 to $79.00 and set an "equal weight" rating on the stock in a report on Monday, August 18th. Wolfe Research raised Unum Group to a "strong-buy" rating in a report on Tuesday, September 16th. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $95.00 price target (down from $100.00) on shares of Unum Group in a report on Thursday, July 31st. Finally, Barclays set a $96.00 price target on Unum Group and gave the company an "overweight" rating in a report on Monday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $91.14.

Unum Group Trading Up 2.1%

Shares of UNM stock opened at $78.28 on Friday. Unum Group has a 12-month low of $58.03 and a 12-month high of $84.48. 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's 50-day moving average price is $73.19 and its 200-day moving average price is $77.25. The stock has a market capitalization of $13.33 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 1.29 and a beta of 0.38.

Unum Group (NYSE:UNM - Get Free Report) last issued its earnings results 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 return on equity of 13.44% and a net margin of 11.77%.The firm 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 firm posted $2.16 earnings per share. The company's revenue for the quarter 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 declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 25th were given a $0.46 dividend. This is an increase from Unum Group's previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, July 25th. Unum Group's dividend payout ratio (DPR) is 22.01%.

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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