Unum Group $UNM Stake Boosted by Brant Point Investment Management LLC

Key Points

• Brant Point Investment Management LLC increased its position in Unum Group by 95.8% in the first quarter, making it the firm’s 5th largest holding.
• Unum Group recently increased its quarterly dividend from $0.42 to $0.46 per share, representing an annualized dividend of $1.84 and a yield of 2.6%.
• Analysts have mixed views on Unum Group with a consensus rating of "Moderate Buy" and an average price target of $91.15 despite some analysts lowering their price targets.

Brant Point Investment Management LLC lifted its holdings in Unum Group (NYSE:UNM - Free Report) by 95.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,651 shares of the financial services provider's stock after acquiring an additional 53,151 shares during the period. Unum Group accounts for approximately 1.1% of Brant Point Investment Management LLC's holdings, making the stock its 5th biggest holding. Brant Point Investment Management LLC owned 0.06% of Unum Group worth $8,851,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Wealth Preservation Advisors LLC bought a new position in shares of Unum Group in the 1st quarter valued at about $52,000. CreativeOne Wealth LLC bought a new position in shares of Unum Group in the 1st quarter valued at about $207,000. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Unum Group by 86.6% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 651,878 shares of the financial services provider's stock valued at $53,102,000 after acquiring an additional 302,587 shares during the last quarter. Virtus Advisers LLC bought a new position in shares of Unum Group in the 1st quarter valued at about $518,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Unum Group by 67.2% in the 1st quarter. Smartleaf Asset Management LLC now owns 4,248 shares of the financial services provider's stock valued at $340,000 after acquiring an additional 1,708 shares during the last quarter. Institutional investors own 86.57% of the company's stock.

Unum Group Stock Up 0.8%

UNM stock traded up $0.54 during trading on Monday, hitting $69.86. 956,166 shares of the company's stock traded hands, compared to its average volume of 1,192,869. The firm has a market capitalization of $11.90 billion, a P/E ratio of 8.36, a PEG ratio of 1.18 and a beta of 0.38. The business has a fifty day simple moving average of $75.58 and a two-hundred day simple moving average of $77.65. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. Unum Group has a 1 year low of $52.71 and a 1 year high of $84.48.

Unum Group (NYSE:UNM - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $3.35 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The business's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period 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. Sell-side analysts anticipate that Unum Group will post 9.14 EPS for the current year.

Unum Group Increases Dividend

The firm also recently disclosed 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. 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. This represents a $1.84 annualized dividend and a yield of 2.6%. Unum Group's dividend payout ratio is 22.01%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. increased 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. Piper Sandler raised their price objective on shares of Unum Group from $88.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, July 3rd. 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 research note on Wednesday, July 30th. Barclays set a $96.00 price objective on shares of Unum Group and gave the stock an "overweight" rating in a research note on Monday, July 7th. Finally, UBS Group set a $87.00 price objective on shares of Unum Group and gave the stock a "neutral" rating in a research note 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $91.15.

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.