Interval Partners LP Boosts Stake in Unum Group $UNM

Key Points

• Interval Partners LP has increased its holdings in Unum Group by 172.2%, now owning 57,976 shares valued at approximately $4.7 million.
• Unum Group recently declared a quarterly dividend of $0.46, which is an increase from the previous $0.42, representing an annualized yield of 2.5%.
• Despite reporting a missed EPS of $2.07 compared to expectations of $2.23, Unum Group's revenue rose by 4.0% year-over-year, totaling $3.36 billion.

Interval Partners LP increased its stake in shares of Unum Group (NYSE:UNM - Free Report) by 172.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,976 shares of the financial services provider's stock after buying an additional 36,676 shares during the quarter. Interval Partners LP's holdings in Unum Group were worth $4,723,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in UNM. Charles Schwab Investment Management Inc. lifted its holdings in shares of Unum Group by 4.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,816,520 shares of the financial services provider's stock worth $473,814,000 after purchasing an additional 264,268 shares during the period. Invesco Ltd. lifted its stake in Unum Group by 155.6% during the 1st 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 during the period. Victory Capital Management Inc. boosted its holdings in shares of Unum Group by 13.1% in the 1st quarter. Victory Capital Management Inc. now owns 1,654,489 shares of the financial services provider's stock valued at $134,775,000 after acquiring an additional 191,572 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of Unum Group in the fourth quarter worth $105,199,000. Finally, Royal Bank of Canada raised its holdings in shares of Unum Group by 0.5% during the first quarter. Royal Bank of Canada now owns 1,416,124 shares of the financial services provider's stock worth $115,358,000 after purchasing an additional 6,648 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Unum Group Price Performance

NYSE UNM traded down $0.48 during trading hours on Tuesday, hitting $73.21. 1,521,229 shares of the company's stock traded hands, compared to its average volume of 1,439,210. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. The firm's 50-day moving average is $74.50 and its 200-day moving average is $77.53. The company has a market capitalization of $12.47 billion, a PE ratio of 8.76, a PEG ratio of 1.24 and a beta of 0.38. 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 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 company had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.35 billion. Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The business's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.16 EPS. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Equities analysts forecast that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 25th were issued a $0.46 dividend. This is an increase from Unum Group's previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, July 25th. Unum Group's payout ratio is currently 22.01%.

Wall Street Analyst Weigh In

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

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.