TD Capital Management LLC Buys Shares of 5,657 Unum Group $UNM

Key Points

• TD Capital Management LLC has made a new investment of approximately $461,000 in Unum Group, acquiring 5,657 shares of the financial services provider's stock.
• Unum Group reported $2.07 EPS for the most recent quarter, which was below the consensus estimate of $2.23, while generating revenue of $3.36 billion.
• The company recently increased its quarterly dividend from $0.42 to $0.46, representing an annualized dividend of $1.84 and a yield of 2.6%.

TD Capital Management LLC acquired a new position in shares of Unum Group (NYSE:UNM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,657 shares of the financial services provider's stock, valued at approximately $461,000.

Several other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in Unum Group by 4.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,816,520 shares of the financial services provider's stock worth $473,814,000 after buying an additional 264,268 shares during the period. Invesco Ltd. increased its holdings in shares of Unum Group by 155.6% during the first quarter. Invesco Ltd. now owns 2,278,473 shares of the financial services provider's stock valued at $185,604,000 after acquiring an additional 1,387,139 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Unum Group by 33.2% during the fourth quarter. Northern Trust Corp now owns 1,930,349 shares of the financial services provider's stock valued at $140,973,000 after acquiring an additional 480,926 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Unum Group by 13.1% during the first quarter. Victory Capital Management Inc. now owns 1,654,489 shares of the financial services provider's stock worth $134,775,000 after purchasing an additional 191,572 shares during the period. Finally, Balyasny Asset Management L.P. bought a new position in shares of Unum Group in the 4th quarter worth $113,962,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on UNM. JPMorgan Chase & Co. lifted their price target on shares of Unum Group from $87.00 to $96.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Barclays set a $96.00 price target on shares of Unum Group and gave the company an "overweight" rating in a research report on Monday, July 7th. Evercore ISI reduced their price target on shares of Unum Group from $100.00 to $96.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $95.00 price target (down previously from $100.00) on shares of Unum Group in a research report on Thursday, July 31st. Finally, Morgan Stanley reduced their price target on shares of Unum Group from $85.00 to $79.00 and set an "equal weight" rating for the company in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $91.15.

Unum Group Stock Up 0.8%

Shares of NYSE:UNM traded up $0.54 during mid-day trading on Friday, hitting $69.86. 956,166 shares of the company traded hands, compared to its average volume of 1,294,752. The stock has a market cap of $11.90 billion, a P/E ratio of 8.36, a P/E/G ratio of 1.18 and a beta of 0.40. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. Unum Group has a 12-month low of $52.71 and a 12-month high of $84.48. The stock has a 50-day moving average price of $75.58 and a two-hundred day moving average price of $77.64.

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). The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.35 billion. Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The business's revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.16 earnings per share. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. On average, equities research analysts forecast that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Increases Dividend

The firm also recently declared 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 2.6%. This is an increase 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 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.