Scientech Research LLC Purchases 3,410 Shares of Unum Group $UNM

Key Points

• Scientech Research LLC increased its stake in Unum Group by 53.4%, acquiring an additional 3,410 shares, bringing its total holdings to 9,801 shares valued at approximately $798,000.
• Unum Group reported $2.07 earnings per share (EPS) for the most recent quarter, missing analysts' expectations of $2.23, despite a 4% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.46 per share, reflecting an increase from the previous $0.42 and indicative of a 2.5% yield.

Scientech Research LLC grew its position in Unum Group (NYSE:UNM - Free Report) by 53.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,801 shares of the financial services provider's stock after acquiring an additional 3,410 shares during the quarter. Scientech Research LLC's holdings in Unum Group were worth $798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in UNM. Zurich Insurance Group Ltd FI bought a new stake in Unum Group in the 4th quarter worth approximately $105,199,000. Invesco Ltd. increased its stake in Unum Group by 155.6% in the 1st quarter. Invesco Ltd. now owns 2,278,473 shares of the financial services provider's stock worth $185,604,000 after acquiring an additional 1,387,139 shares during the last quarter. Nuveen LLC bought a new stake in Unum Group in the 1st quarter worth approximately $93,287,000. Assenagon Asset Management S.A. increased its stake in Unum Group by 228.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,033,700 shares of the financial services provider's stock worth $84,205,000 after acquiring an additional 719,152 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Unum Group by 9,017.2% in the 1st quarter. GAMMA Investing LLC now owns 719,618 shares of the financial services provider's stock worth $58,620,000 after acquiring an additional 711,725 shares during the last quarter. Institutional investors own 86.57% of the company's stock.

Unum Group Price Performance

UNM opened at $73.65 on Monday. The business has a fifty day moving average of $74.81 and a 200 day moving average of $77.56. Unum Group has a 52-week low of $52.71 and a 52-week high of $84.48. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. The stock has a market cap of $12.54 billion, a P/E ratio of 8.81, a PEG ratio of 1.24 and a beta of 0.38.

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

Unum Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors 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 yield of 2.5%. The ex-dividend date was Friday, July 25th. This is an increase from Unum Group's previous quarterly dividend of $0.42. Unum Group's dividend payout ratio (DPR) is presently 22.01%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented 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. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $95.00 target price (down previously from $100.00) on shares of Unum Group in a report on Thursday, July 31st. UBS Group set a $87.00 target price on Unum Group and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Evercore ISI dropped 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. Finally, JPMorgan Chase & Co. lifted 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. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $91.15.

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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