10,386 Shares in Unum Group $UNM Bought by Versor Investments LP

Key Points

• Versor Investments LP has acquired a new position in Unum Group by purchasing 10,386 shares valued at approximately $846,000 during the first quarter, as reported in their latest 13F filing.
• Unum Group recently increased its quarterly dividend from $0.42 to $0.46 per share, marking an annualized yield of 2.7%.
• The company missed earnings estimates for the last quarter, reporting $2.07 earnings per share compared to the consensus estimate of $2.23, while achieving revenue of $3.36 billion.

Versor Investments LP acquired a new stake in Unum Group (NYSE:UNM - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,386 shares of the financial services provider's stock, valued at approximately $846,000.

Other hedge funds also recently made changes to their positions in the company. Stratos Wealth Partners LTD. lifted its position in shares of Unum Group by 28.3% in the first quarter. Stratos Wealth Partners LTD. now owns 3,802 shares of the financial services provider's stock valued at $310,000 after buying an additional 838 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Unum Group in the fourth quarter valued at approximately $240,000. HighTower Advisors LLC lifted its holdings in Unum Group by 0.3% during the 1st quarter. HighTower Advisors LLC now owns 60,370 shares of the financial services provider's stock worth $4,918,000 after purchasing an additional 201 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in Unum Group by 88.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 17,302 shares of the financial services provider's stock worth $1,409,000 after purchasing an additional 8,120 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Unum Group during the 1st quarter worth approximately $646,000. 86.57% of the stock is owned by institutional investors and hedge funds.

Unum Group Price Performance

NYSE UNM traded up $0.5350 during midday trading on Friday, hitting $69.8750. The company had a trading volume of 930,715 shares, compared to its average volume of 1,750,771. The company has a market capitalization of $11.90 billion, a PE ratio of 8.36, a P/E/G ratio of 1.18 and a beta of 0.40. 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 firm has a 50-day moving average price of $76.48 and a 200-day moving average price of $77.87. Unum Group has a twelve month low of $52.71 and a twelve month 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 earnings per share 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 analyst estimates of $3.35 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. Unum Group's revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.16 earnings per share. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. As a group, analysts anticipate that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The firm 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 is an increase 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 dividend on an annualized basis and a dividend yield of 2.6%. Unum Group's payout ratio is presently 22.01%.

Wall Street Analysts Forecast Growth

UNM has been the subject of several research reports. UBS Group set a $87.00 price target on Unum Group and gave the stock a "neutral" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. lifted their price target on Unum Group from $87.00 to $96.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Piper Sandler lifted their price target on Unum Group from $88.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. Evercore ISI dropped their price target on Unum Group from $100.00 to $96.00 and set an "outperform" rating for the company in a report on Wednesday, July 30th. Finally, Barclays set a $96.00 price target on Unum Group and gave the stock an "overweight" rating in a report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $91.15.

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.