Swiss National Bank Sells 11,000 Shares of Unum Group (NYSE:UNM)

Swiss National Bank cut its holdings in Unum Group (NYSE:UNM - Free Report) by 3.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 336,100 shares of the financial services provider's stock after selling 11,000 shares during the period. Swiss National Bank owned 0.19% of Unum Group worth $27,379,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in UNM. N.E.W. Advisory Services LLC purchased a new stake in shares of Unum Group during the 1st quarter worth approximately $35,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Unum Group by 196.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478 shares of the financial services provider's stock worth $39,000 after acquiring an additional 317 shares in the last quarter. Rossby Financial LCC purchased a new stake in shares of Unum Group during the 1st quarter worth approximately $46,000. Wayfinding Financial LLC purchased a new stake in shares of Unum Group during the 1st quarter worth approximately $49,000. Finally, Cullen Frost Bankers Inc. raised its holdings in Unum Group by 1,289.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 806 shares of the financial services provider's stock valued at $66,000 after buying an additional 748 shares during the period. 86.57% of the stock is owned by hedge funds and other institutional investors.

Unum Group Price Performance

UNM opened at $70.33 on Wednesday. Unum Group has a 12-month low of $52.71 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 business's fifty day simple moving average is $78.09 and its 200-day simple moving average is $78.25. The company has a market capitalization of $11.98 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 1.12 and a beta of 0.40.

Unum Group (NYSE:UNM - Get Free Report) last posted 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 company had revenue of $3.36 billion during the quarter, compared to analysts' expectations of $3.35 billion. During the same quarter last year, the firm earned $2.16 EPS. Unum Group's revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities research analysts anticipate that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 25th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.6%. This is a boost from Unum Group's previous quarterly dividend of $0.42. The ex-dividend date is Friday, July 25th. Unum Group's payout ratio is presently 22.01%.

Analyst Upgrades and Downgrades

Several brokerages have commented on UNM. Morgan Stanley upped their price objective on Unum Group from $83.00 to $85.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Piper Sandler upped their price objective on Unum Group from $88.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $95.00 price objective (down previously from $100.00) on shares of Unum Group in a research report on Thursday, July 31st. Wells Fargo & Company cut their price objective on Unum Group from $105.00 to $100.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. upped their price objective on Unum Group from $87.00 to $96.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $91.62.

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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