Robeco Institutional Asset Management B.V. Has $26.58 Million Holdings in Unum Group $UNM

Key Points

• Robeco Institutional Asset Management B.V. reduced its holdings in Unum Group by 2.4%, selling 8,163 shares, and now owns 329,110 shares valued at approximately $26.58 million.
• Unum Group recently increased its quarterly dividend from $0.42 to $0.46 per share, yielding 2.3% annually, with a dividend payout ratio of 22.01%.
• Analysts have a Moderate Buy consensus rating on Unum Group, with an average price target of $91.14, following recent adjustments from various firms including JPMorgan and UBS.

Robeco Institutional Asset Management B.V. cut its holdings in shares of Unum Group (NYSE:UNM - Free Report) by 2.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 329,110 shares of the financial services provider's stock after selling 8,163 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.19% of Unum Group worth $26,579,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Stratos Wealth Partners LTD. lifted its holdings in shares of Unum Group by 28.3% during the 1st quarter. Stratos Wealth Partners LTD. now owns 3,802 shares of the financial services provider's stock valued at $310,000 after buying an additional 838 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Unum Group during the 4th quarter valued at about $240,000. HighTower Advisors LLC lifted its holdings in shares of Unum Group by 0.3% during the 1st quarter. HighTower Advisors LLC now owns 60,370 shares of the financial services provider's stock valued at $4,918,000 after buying an additional 201 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Unum Group during the 1st quarter valued at about $646,000. Finally, Royal Bank of Canada lifted its holdings in shares of Unum Group by 0.5% during the 1st quarter. Royal Bank of Canada now owns 1,416,124 shares of the financial services provider's stock valued at $115,358,000 after buying an additional 6,648 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on UNM shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Unum Group in a report on Saturday, September 27th. 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. JPMorgan Chase & Co. boosted their target price on Unum Group from $87.00 to $96.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Piper Sandler boosted their target price on Unum Group from $88.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. Finally, Evercore ISI reduced their target price on Unum Group from $100.00 to $96.00 and set an "outperform" rating for the company in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $91.14.

Unum Group Stock Performance

Shares of NYSE UNM opened at $79.43 on Friday. Unum Group has a 12 month low of $59.98 and a 12 month high of $84.48. The company has a market cap of $13.53 billion, a P/E ratio of 9.50, a P/E/G ratio of 1.33 and a beta of 0.36. The business's 50 day moving average is $72.98 and its two-hundred day moving average is $77.22. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31.

Unum Group (NYSE:UNM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $2.07 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.16). Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter last year, the firm earned $2.16 earnings per share. The firm'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. On average, equities analysts expect that Unum Group will post 9.14 EPS for the current year.

Unum Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 25th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from Unum Group's previous quarterly dividend of $0.42. The ex-dividend date was Friday, July 25th. Unum Group's dividend payout ratio is presently 22.01%.

Unum Group Company 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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