State of Wyoming Sells 3,721 Shares of Unum Group $UNM

Key Points

• The State of Wyoming sold 3,721 shares of Unum Group (NYSE: UNM), reducing its holdings by 33.6% to a total of 7,353 shares worth approximately $599,000.
• Unum Group's recent quarterly earnings report revealed $2.07 earnings per share, missing estimates by $0.16, while its revenue increased 4.0% year-over-year to $3.36 billion.
• The company recently announced a dividend increase to $0.46 per share, up from $0.42, representing a 2.6% dividend yield.

State of Wyoming lessened its holdings in Unum Group (NYSE:UNM - Free Report) by 33.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,353 shares of the financial services provider's stock after selling 3,721 shares during the quarter. State of Wyoming's holdings in Unum Group were worth $599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stratos Wealth Partners LTD. grew its stake 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 worth $310,000 after acquiring an additional 838 shares during the period. Wellington Management Group LLP bought a new position in shares of Unum Group during the 4th quarter worth $240,000. HighTower Advisors LLC grew its stake 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 worth $4,918,000 after acquiring an additional 201 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Unum Group during the 1st quarter worth $646,000. Finally, Asset Management One Co. Ltd. grew its stake in shares of Unum Group by 88.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 17,302 shares of the financial services provider's stock worth $1,409,000 after acquiring an additional 8,120 shares during the period. Institutional investors own 86.57% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. UBS Group set a $87.00 price target on Unum Group and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Wells Fargo & Company cut their price target on Unum Group from $105.00 to $100.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Piper Sandler increased their price target on Unum Group from $88.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, July 3rd. Morgan Stanley dropped their price objective 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. Finally, Evercore ISI dropped their price objective on Unum Group from $100.00 to $96.00 and set an "outperform" rating on the stock in a report on Wednesday, July 30th. One investment 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 has a consensus rating of "Moderate Buy" and an average price target of $91.15.

Unum Group Price Performance

Shares of NYSE:UNM traded up $0.17 on Tuesday, hitting $70.03. The company's stock had a trading volume of 1,204,769 shares, compared to its average volume of 1,411,156. The company has a 50-day simple moving average of $75.38 and a 200 day simple moving average of $77.62. Unum Group has a 1 year low of $52.71 and a 1 year high of $84.48. The company has a market capitalization of $11.93 billion, a PE ratio of 8.38, a PEG ratio of 1.18 and a beta of 0.38. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30.

Unum Group (NYSE:UNM - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share 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 business had revenue of $3.36 billion during the quarter, compared to analysts' expectations of $3.35 billion. During the same period in the previous year, the business earned $2.16 EPS. The business'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. Sell-side analysts forecast that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 25th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, July 25th. 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.