Unum Group $UNM Shares Sold by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. has reduced its holdings in Unum Group by 21.5%, selling 168,876 shares, leaving it with 617,292 shares valued at approximately $50.3 million.
• Unum Group recently declared a quarterly dividend of $0.46 per share, reflecting an increase from the previous dividend and representing an annualized yield of 2.5%.
• Despite reporting EPS of $2.07 that missed estimates, Unum Group’s revenue saw a year-over-year increase of 4.0%, amounting to $3.36 billion for the quarter.

Jacobs Levy Equity Management Inc. decreased its holdings in Unum Group (NYSE:UNM - Free Report) by 21.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 617,292 shares of the financial services provider's stock after selling 168,876 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.35% of Unum Group worth $50,285,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC purchased a new position in Unum Group in the first quarter valued at approximately $30,000. N.E.W. Advisory Services LLC purchased a new position in Unum Group in the first quarter valued at approximately $35,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Unum Group by 196.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478 shares of the financial services provider's stock valued at $39,000 after buying an additional 317 shares during the period. Rossby Financial LCC purchased a new position in Unum Group in the first quarter valued at approximately $46,000. Finally, Wayfinding Financial LLC purchased a new position in Unum Group in the first quarter valued at approximately $49,000. Hedge funds and other institutional investors own 86.57% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on UNM shares. Piper Sandler raised their price target on shares of Unum Group from $88.00 to $92.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Barclays set a $96.00 price objective on shares of Unum Group and gave the company an "overweight" rating in a research note on Monday, July 7th. UBS Group set a $87.00 price objective on shares of Unum Group and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Evercore ISI dropped their price objective on shares of Unum Group from $100.00 to $96.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 30th. Finally, Wells Fargo & Company dropped their price objective on shares of Unum Group from $105.00 to $100.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. One equities 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 company. According to MarketBeat, Unum Group presently has an average rating of "Moderate Buy" and an average target price of $91.15.

Unum Group Stock Down 0.7%

Shares of UNM stock traded down $0.48 during mid-day trading on Tuesday, reaching $73.21. 1,521,229 shares of the company were exchanged, compared to its average volume of 1,439,210. Unum Group has a fifty-two week low of $52.71 and a fifty-two week high of $84.48. 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 market capitalization of $12.47 billion, a P/E ratio of 8.76, a P/E/G ratio of 1.24 and a beta of 0.38. The business's 50 day simple moving average is $74.50 and its 200 day simple moving average is $77.53.

Unum Group (NYSE:UNM - Get Free Report) last released its quarterly 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 company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.35 billion. Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The firm's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.16 EPS. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Research analysts predict that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Increases Dividend

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