AQR Capital Management LLC Has $172.18 Million Holdings in Unum Group $UNM

Key Points

• AQR Capital Management LLC reduced its stake in Unum Group by 12.0%, selling 292,997 shares in the first quarter, leaving them with a 1.23% ownership valued at approximately $172 million.
• Unum Group's quarterly earnings missed analysts' expectations, reporting $2.07 per share against a consensus estimate of $2.23, although their revenue slightly exceeded projections.
• The company recently increased its quarterly dividend from $0.42 to $0.46, providing investors with a yield of 2.5% and a payout ratio of 22.01%.

AQR Capital Management LLC lessened its position in shares of Unum Group (NYSE:UNM - Free Report) by 12.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,151,658 shares of the financial services provider's stock after selling 292,997 shares during the quarter. AQR Capital Management LLC owned approximately 1.23% of Unum Group worth $172,176,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Zurich Insurance Group Ltd FI acquired a new stake in Unum Group in the 4th quarter valued at $105,199,000. Invesco Ltd. boosted its stake 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 valued at $185,604,000 after buying an additional 1,387,139 shares in the last quarter. Nuveen LLC acquired a new stake in Unum Group in the 1st quarter valued at $93,287,000. Assenagon Asset Management S.A. boosted its stake in Unum Group by 228.6% in 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 buying an additional 719,152 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Unum Group by 9,017.2% in the 1st quarter. GAMMA Investing LLC now owns 719,618 shares of the financial services provider's stock valued at $58,620,000 after buying an additional 711,725 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company's stock.

Unum Group Trading Up 0.8%

Shares of UNM stock traded up $0.58 on Friday, reaching $73.65. 2,680,413 shares of the stock were exchanged, compared to its average volume of 1,209,642. The stock has a market cap of $12.54 billion, a PE ratio of 8.81, a P/E/G ratio of 1.24 and a beta of 0.38. Unum Group has a one year low of $52.71 and a one year high of $84.48. 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 stock has a 50 day moving average price of $74.81 and a 200 day moving average price of $77.54.

Unum Group (NYSE:UNM - Get Free Report) last released its earnings results on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share for the quarter, missing analysts' consensus estimates of $2.23 by ($0.16). The firm had revenue of $3.36 billion for 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 company's revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.16 EPS. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Equities research analysts forecast that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 25th were given a dividend of $0.46 per share. The ex-dividend date was Friday, July 25th. 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%. Unum Group's dividend payout ratio is presently 22.01%.

Wall Street Analysts Forecast Growth

UNM has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Unum Group from $87.00 to $96.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $95.00 price target (down previously from $100.00) on shares of Unum Group in a research note on Thursday, July 31st. UBS Group set a $87.00 price target on Unum Group and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Barclays set a $96.00 price target on Unum Group and gave the company an "overweight" rating in a research note on Monday, July 7th. Finally, Evercore ISI cut their price objective on Unum Group from $100.00 to $96.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. 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 company's stock. According to data from MarketBeat.com, Unum Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.15.

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.