Teewinot Capital Advisers L.L.C. Invests $58.88 Million in Unum Group $UNM

Key Points

• Teewinot Capital Advisers L.L.C. acquired a new stake in Unum Group, purchasing 722,815 shares valued at approximately $58.88 million, which constitutes 6.0% of its investment portfolio.
• Unum Group recently experienced a 7% stock price increase following positive earnings guidance and has seen a number of other institutional investors increase their holdings in the first quarter.
• The company announced a dividend increase to $0.46 per share, reflecting a payout ratio of 22.01%, and signaling continued financial strength for investors.

Teewinot Capital Advisers L.L.C. purchased a new position in Unum Group (NYSE:UNM - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 722,815 shares of the financial services provider's stock, valued at approximately $58,881,000. Unum Group comprises 6.0% of Teewinot Capital Advisers L.L.C.'s investment portfolio, making the stock its 7th largest position. Teewinot Capital Advisers L.L.C. owned about 0.41% of Unum Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of UNM. Zurich Insurance Group Ltd FI acquired a new stake in Unum Group in the 4th quarter worth $105,199,000. Invesco Ltd. grew its position 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 purchasing an additional 1,387,139 shares during the last quarter. Nuveen LLC acquired a new stake in Unum Group in the 1st quarter worth $93,287,000. Assenagon Asset Management S.A. boosted its position in shares of Unum Group by 228.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,033,700 shares of the financial services provider's stock valued at $84,205,000 after acquiring an additional 719,152 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Unum Group by 9,017.2% during the 1st quarter. GAMMA Investing LLC now owns 719,618 shares of the financial services provider's stock valued at $58,620,000 after acquiring an additional 711,725 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $95.00 price target (down from $100.00) on shares of Unum Group in a research report on Thursday, July 31st. Evercore ISI decreased their price objective on shares of Unum Group from $100.00 to $96.00 and set an "outperform" rating for the company in a report on Wednesday, July 30th. 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 report on Monday, August 18th. Wells Fargo & Company reduced their price target on shares of Unum Group from $105.00 to $100.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of Unum Group from $87.00 to $96.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. One investment 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $91.15.

Unum Group Stock Performance

Shares of UNM traded down $0.48 during midday trading on Tuesday, reaching $73.21. The stock had a trading volume of 1,521,229 shares, compared to its average volume of 1,296,112. The firm has a 50 day simple moving average of $74.50 and a 200-day simple moving average of $77.53. Unum Group has a one year low of $52.71 and a one year high of $84.48. The firm has a market cap of $12.47 billion, a PE ratio of 8.76, a P/E/G ratio of 1.24 and a beta of 0.38. 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 (NYSE:UNM - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.35 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The business's revenue was up 4.0% on a year-over-year basis. During the same period last year, the business earned $2.16 EPS. 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 announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders 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 of this dividend was Friday, July 25th. This is a positive change from Unum Group's previous quarterly dividend of $0.42. Unum Group's 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.