Unum Group $UNM Shares Sold by Boston Common Asset Management LLC

Key Points

• Boston Common Asset Management LLC reduced its stake in Unum Group by 24% during the second quarter, leaving them with 81,459 shares valued at approximately $6.58 million.
• Unum Group's recent earnings report showed $2.07 earnings per share for the quarter, missing estimates by $0.16, while revenues rose by 4% year-over-year.
• The company also declared a quarterly dividend of $0.46, an increase from the previous $0.42, reflecting a dividend yield of 2.3%.

Boston Common Asset Management LLC lowered its stake in Unum Group (NYSE:UNM - Free Report) by 24.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 81,459 shares of the financial services provider's stock after selling 25,696 shares during the quarter. Boston Common Asset Management LLC's holdings in Unum Group were worth $6,579,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of UNM. Hennessy Advisors Inc. purchased a new position in Unum Group in the second quarter valued at about $8,593,000. QRG Capital Management Inc. boosted its holdings in Unum Group by 4.5% in the second quarter. QRG Capital Management Inc. now owns 19,915 shares of the financial services provider's stock valued at $1,608,000 after purchasing an additional 852 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Unum Group by 7.0% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 150,251 shares of the financial services provider's stock valued at $12,134,000 after purchasing an additional 9,884 shares during the last quarter. Vicus Capital purchased a new position in Unum Group in the second quarter valued at about $253,000. Finally, Consolidated Planning Corp boosted its holdings in Unum Group by 5.8% in the second quarter. Consolidated Planning Corp now owns 75,090 shares of the financial services provider's stock valued at $6,064,000 after purchasing an additional 4,135 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on UNM shares. Piper Sandler increased their price target on Unum Group from $88.00 to $92.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. JPMorgan Chase & Co. increased their price target on Unum Group from $87.00 to $96.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Morgan Stanley reduced their price target on Unum Group from $85.00 to $79.00 and set an "equal weight" rating for the company in a report on Monday, August 18th. Barclays set a $96.00 target price on Unum Group and gave the stock an "overweight" rating in a report on Monday, July 7th. Finally, Wells Fargo & Company reduced 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. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Unum Group has a consensus rating of "Moderate Buy" and a consensus target price of $91.14.

Unum Group Trading Up 1.1%

Shares of NYSE UNM opened at $79.43 on Friday. The company has a market cap of $13.53 billion, a price-to-earnings ratio of 9.50, a price-to-earnings-growth ratio of 1.34 and a beta of 0.36. Unum Group has a 12-month low of $59.98 and a 12-month high of $84.48. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. The stock's 50 day simple moving average is $72.98 and its 200 day simple moving average is $77.19.

Unum Group (NYSE:UNM - Get Free Report) last announced 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 company 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 company's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the business posted $2.16 EPS. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Equities research analysts expect that Unum Group will post 9.14 EPS for the current year.

Unum Group Increases Dividend

The business also recently declared 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 a positive change 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 2.3%. Unum Group's dividend payout ratio (DPR) is 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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