Unum Group $UNM Shares Sold by Trexquant Investment LP

Key Points

• Trexquant Investment LP reduced its stake in Unum Group by 20.2%, now holding approximately 127,573 shares valued at around $10.4 million.
• Analysts have set a range of price targets for Unum Group, with a consensus average target of $91.15 and ratings varying from "Strong Buy" to "Hold."
• Unum Group increased its quarterly dividend from $0.42 to $0.46 per share, representing a 2.6% dividend yield.

Trexquant Investment LP cut its holdings in Unum Group (NYSE:UNM - Free Report) by 20.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,573 shares of the financial services provider's stock after selling 32,330 shares during the period. Trexquant Investment LP owned about 0.07% of Unum Group worth $10,392,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in UNM. Brighton Jones LLC purchased a new stake in shares of Unum Group in the 4th quarter worth about $247,000. Price T Rowe Associates Inc. MD boosted its position in shares of Unum Group by 10.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 118,709 shares of the financial services provider's stock worth $8,670,000 after buying an additional 11,589 shares in the last quarter. Northern Trust Corp boosted its position in shares of Unum Group by 33.2% in the 4th quarter. Northern Trust Corp now owns 1,930,349 shares of the financial services provider's stock worth $140,973,000 after buying an additional 480,926 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Unum Group by 527.2% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 349,291 shares of the financial services provider's stock worth $25,509,000 after buying an additional 293,599 shares in the last quarter. Finally, AXA S.A. boosted its position in shares of Unum Group by 25.6% in the 4th quarter. AXA S.A. now owns 296,134 shares of the financial services provider's stock worth $21,627,000 after buying an additional 60,393 shares in the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UNM has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price 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. Evercore ISI reduced their target price on shares of Unum Group from $100.00 to $96.00 and set an "outperform" rating on the stock in a report on Wednesday, July 30th. Morgan Stanley reduced their target price on shares of Unum Group from $85.00 to $79.00 and set an "equal weight" rating on the stock in a report on Monday, August 18th. Piper Sandler upped their target price 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. Finally, 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. One 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. According to data from MarketBeat, Unum Group has an average rating of "Moderate Buy" and an average target price of $91.15.

Unum Group Stock Performance

Unum Group stock traded up $2.75 during mid-day trading on Wednesday, reaching $72.78. The company's stock had a trading volume of 2,930,386 shares, compared to its average volume of 1,418,039. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. Unum Group has a twelve month low of $52.71 and a twelve month high of $84.48. The business has a 50 day moving average price of $75.19 and a 200-day moving average price of $77.57. The firm has a market cap of $12.40 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 1.18 and a beta of 0.38.

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 the consensus estimate of $2.23 by ($0.16). Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the previous year, the firm earned $2.16 EPS. The firm's revenue for the quarter was up 4.0% on a year-over-year basis. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Sell-side analysts predict that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 25th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.5%. 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. Unum Group's dividend payout ratio is presently 22.01%.

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.