National Bank of Canada FI Sells 92,380 Shares of Unum Group $UNM

Key Points

• National Bank of Canada FI drastically reduced its stake in Unum Group by 94.9% during the first quarter, holding just 4,978 shares valued at $405,000 after selling 92,380 shares.
• Unum Group recently declared a quarterly dividend of $0.46 per share, reflecting an increase from the previous dividend of $0.42 and representing a 2.7% yield.
• Despite a 2.8% drop in shares, analysts maintain a consensus rating of "Moderate Buy" for Unum Group, with a consensus price target set at $91.62.

National Bank of Canada FI decreased its holdings in Unum Group (NYSE:UNM - Free Report) by 94.9% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,978 shares of the financial services provider's stock after selling 92,380 shares during the period. National Bank of Canada FI's holdings in Unum Group were worth $405,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Stratos Wealth Partners LTD. boosted its position in 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 valued at $310,000 after buying an additional 838 shares during the period. Wellington Management Group LLP purchased a new stake in Unum Group during the 4th quarter valued at $240,000. Asset Management One Co. Ltd. boosted its position in 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 valued at $1,409,000 after buying an additional 8,120 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Unum Group by 202.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 945,271 shares of the financial services provider's stock valued at $77,512,000 after buying an additional 632,358 shares during the period. Finally, Zurich Insurance Group Ltd FI purchased a new stake in Unum Group during the 4th quarter valued at $105,199,000. Hedge funds and other institutional investors own 86.57% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on UNM shares. Piper Sandler increased their price target on shares of Unum Group from $88.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. UBS Group set a $87.00 price objective on shares of Unum Group and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $95.00 price objective (down from $100.00) on shares of Unum Group in a report on Thursday, July 31st. Wells Fargo & Company decreased their price objective 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, Barclays set a $96.00 price objective on shares of Unum Group and gave the stock an "overweight" rating in a report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $91.15.

Unum Group Stock Up 0.4%

Shares of Unum Group stock traded up $0.29 during trading on Wednesday, hitting $69.38. The company's stock had a trading volume of 337,786 shares, compared to its average volume of 1,428,106. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. The company has a fifty day simple moving average of $77.03 and a two-hundred day simple moving average of $78.02. The company has a market capitalization of $11.82 billion, a PE ratio of 8.30, a P/E/G ratio of 1.15 and a beta of 0.40. Unum Group has a 52 week low of $52.71 and a 52 week high of $84.48.

Unum Group (NYSE:UNM - Get Free Report) last issued 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 business had revenue of $3.36 billion during 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 firm's revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.16 earnings per share. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Equities research analysts predict that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 25th were paid a dividend of $0.46 per share. The ex-dividend date was Friday, July 25th. This represents a $1.84 dividend on an annualized basis and a yield of 2.7%. This is an increase from Unum Group's previous quarterly dividend of $0.42. Unum Group's dividend payout ratio (DPR) is 22.01%.

About Unum Group

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.