Public Employees Retirement System of Ohio Sells 11,306 Shares of Unum Group $UNM

Key Points

• The Public Employees Retirement System of Ohio sold 11,306 shares of Unum Group, reducing its stake by 8.5%, while maintaining a total of 121,562 shares valued at approximately $9.82 million.
• Unum Group's recent earnings report revealed a missed EPS estimate of $2.07, compared to the expected $2.23, alongside revenue growth of 4% year-over-year.
• The company announced an increase in its quarterly dividend from $0.42 to $0.46 per share, resulting in a dividend yield of 2.4%.

Public Employees Retirement System of Ohio decreased its position in Unum Group (NYSE:UNM - Free Report) by 8.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 121,562 shares of the financial services provider's stock after selling 11,306 shares during the period. Public Employees Retirement System of Ohio owned 0.07% of Unum Group worth $9,817,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Stratos Wealth Partners LTD. boosted its holdings in shares of Unum Group by 28.3% in the first quarter. Stratos Wealth Partners LTD. now owns 3,802 shares of the financial services provider's stock valued at $310,000 after purchasing an additional 838 shares during the period. Wellington Management Group LLP purchased a new stake in Unum Group during the fourth quarter worth $240,000. HighTower Advisors LLC lifted its holdings in Unum Group by 0.3% during the first quarter. HighTower Advisors LLC now owns 60,370 shares of the financial services provider's stock worth $4,918,000 after buying an additional 201 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Unum Group during the first quarter worth $646,000. Finally, Royal Bank of Canada lifted its holdings in Unum Group by 0.5% during the first quarter. Royal Bank of Canada now owns 1,416,124 shares of the financial services provider's stock worth $115,358,000 after buying an additional 6,648 shares during the period. Hedge funds and other institutional investors own 86.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UNM. Barclays set a $96.00 target price on Unum Group and gave the stock an "overweight" rating in a report on Monday, July 7th. Morgan Stanley lowered their target price on Unum Group from $85.00 to $79.00 and set an "equal weight" rating for the company in a report on Monday, August 18th. Piper Sandler increased their price objective on Unum Group from $88.00 to $92.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $95.00 price objective (down previously from $100.00) on shares of Unum Group in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. increased their price objective on Unum Group from $87.00 to $96.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Two equities 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 stock. According to data from MarketBeat, Unum Group presently has a consensus rating of "Moderate Buy" and an average target price of $91.14.

Unum Group Price Performance

NYSE UNM opened at $78.28 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. The stock's fifty day moving average price is $73.19 and its 200 day moving average price is $77.25. Unum Group has a 1 year low of $58.03 and a 1 year high of $84.48. The company has a market cap of $13.33 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 1.32 and a beta of 0.38.

Unum Group (NYSE:UNM - Get Free Report) last released 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 net margin of 11.77% and a return on equity of 13.44%. The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same period in the previous year, the company earned $2.16 earnings per share. Unum Group's 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. As a group, equities research analysts forecast that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 25th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, July 25th. This represents a $1.84 annualized dividend and a yield of 2.4%. This is an increase from Unum Group's previous quarterly dividend of $0.42. Unum Group's payout ratio 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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