UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Increases Stock Holdings in Unum Group $UNM

Key Points

• UBS AM increased its stake in Unum Group by 12.5%, owning a total of 746,267 shares valued at approximately $60.79 million.
• Unum Group recently declared a quarterly dividend of $0.46 per share, up from the previous dividend of $0.42, representing a 2.4% yield.
• Analysts have a moderate buy consensus rating for Unum Group, with an average price target of $91.15.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Unum Group (NYSE:UNM - Free Report) by 12.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 746,267 shares of the financial services provider's stock after purchasing an additional 83,069 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.43% of Unum Group worth $60,791,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Fifth Third Bancorp increased its stake in Unum Group by 4.0% in the first quarter. Fifth Third Bancorp now owns 3,558 shares of the financial services provider's stock valued at $290,000 after purchasing an additional 136 shares during the last quarter. Private Trust Co. NA grew its position in shares of Unum Group by 7.3% during the first quarter. Private Trust Co. NA now owns 2,757 shares of the financial services provider's stock worth $225,000 after acquiring an additional 187 shares during the last quarter. CWM LLC grew its position in shares of Unum Group by 1.4% during the first quarter. CWM LLC now owns 14,209 shares of the financial services provider's stock worth $1,158,000 after acquiring an additional 199 shares during the last quarter. Sculati Wealth Management LLC grew its position in shares of Unum Group by 0.5% during the fourth quarter. Sculati Wealth Management LLC now owns 38,901 shares of the financial services provider's stock worth $2,841,000 after acquiring an additional 200 shares during the last quarter. Finally, HighTower Advisors LLC grew its position in shares of Unum Group by 0.3% during the first 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 last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on UNM shares. Wells Fargo & Company lowered their target price on shares of Unum Group from $105.00 to $100.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Barclays set a $96.00 target price on shares of Unum Group and gave the stock an "overweight" rating in a research report on Monday, July 7th. Piper Sandler raised their target price on shares of Unum Group from $88.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, July 3rd. Morgan Stanley lowered their target price on shares of Unum Group from $85.00 to $79.00 and set an "equal weight" rating on the stock in a research report on Monday, August 18th. Finally, UBS Group set a $87.00 target price on shares of Unum Group and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Unum Group presently has a consensus rating of "Moderate Buy" and an average price target of $91.15.

Unum Group Trading Down 0.1%

Shares of UNM opened at $75.19 on Monday. The firm has a market capitalization of $12.81 billion, a P/E ratio of 8.99, a PEG ratio of 1.27 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 has a twelve month low of $54.72 and a twelve month high of $84.48. The firm's 50-day moving average is $74.07 and its two-hundred day moving average is $77.47.

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 (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.16). The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.35 billion. Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The company's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm earned $2.16 EPS. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. On average, research analysts predict that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 25th were paid a dividend of $0.46 per share. This is a boost from Unum Group's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, July 25th. This represents a $1.84 annualized dividend and a dividend yield of 2.4%. Unum Group's dividend payout ratio is presently 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.

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