Vest Financial LLC Sells 7,862 Shares of Unum Group $UNM

Key Points

• Vest Financial LLC reduced its holdings in Unum Group by 1.3%, selling 7,862 shares, and now owns approximately 0.36% of the company valued at around $50 million.
• Unum Group reported earnings of $2.07 per share for the latest quarter, missing estimates, but its revenue increased by 4% year-over-year to $3.36 billion.
• The company announced a quarterly dividend of $0.46, with an annualized yield of 2.4%, scheduled to be paid on November 14th, to investors of record on October 24th.

Vest Financial LLC cut its holdings in Unum Group (NYSE:UNM - Free Report) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 619,720 shares of the financial services provider's stock after selling 7,862 shares during the period. Vest Financial LLC owned approximately 0.36% of Unum Group worth $50,049,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Quintet Private Bank Europe S.A. bought a new position in shares of Unum Group in the 2nd quarter worth about $28,000. Vermillion & White Wealth Management Group LLC bought a new stake in Unum Group in the 1st quarter valued at about $30,000. Atwood & Palmer Inc. increased its position in Unum Group by 100.0% in the 2nd quarter. Atwood & Palmer Inc. now owns 400 shares of the financial services provider's stock valued at $32,000 after buying an additional 200 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in Unum Group in the 1st quarter valued at about $35,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Unum Group by 196.9% in the 1st 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 in the last quarter. 86.57% of the stock is owned by institutional investors.

Unum Group Price Performance

Shares of NYSE UNM opened at $75.85 on Monday. Unum Group has a twelve month low of $61.37 and a twelve month high of $84.48. The stock's 50 day moving average price is $73.27 and its 200-day moving average price is $76.99. The company has a market capitalization of $12.92 billion, a PE ratio of 9.07, a PEG ratio of 1.28 and a beta of 0.36. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31.

Unum Group (NYSE:UNM - Get Free Report) last announced 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). Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The business had revenue of $3.36 billion during the quarter, compared to analysts' expectations of $3.35 billion. During the same quarter in the previous year, the firm earned $2.16 EPS. Unum Group's quarterly revenue was up 4.0% on a year-over-year basis. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. On average, equities analysts anticipate that Unum Group will post 9.14 EPS for the current year.

Unum Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 24th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, October 24th. Unum Group's payout ratio is 22.01%.

Analysts Set New Price Targets

A number of analysts recently commented on UNM shares. Morgan Stanley boosted their target price on Unum Group from $79.00 to $81.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 7th. UBS Group set a $87.00 target price on Unum Group and gave the company a "neutral" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. boosted their target price on Unum Group from $87.00 to $96.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Piper Sandler lifted their price target on Unum Group from $88.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. Finally, Barclays lifted their price target on Unum Group from $92.00 to $95.00 and gave the company an "overweight" rating in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $93.23.

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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