Voya Investment Management LLC Acquires 35,651 Shares of Unum Group $UNM

Key Points

• Voya Investment Management LLC increased its stake in Unum Group by 13.8%, acquiring an additional 35,651 shares, bringing its total to 293,687 shares valued at approximately $23.9 million.
• Unum Group has recently raised its quarterly dividend from $0.42 to $0.46 per share, indicating a positive change, and represents an annualized yield of 2.4%.
• Despite reporting earnings of $2.07 per share, Unum Group missed analysts' expectations of $2.23 for the last quarter, although revenue increased by 4.0% year-over-year.

Voya Investment Management LLC boosted its holdings in shares of Unum Group (NYSE:UNM - Free Report) by 13.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 293,687 shares of the financial services provider's stock after purchasing an additional 35,651 shares during the quarter. Voya Investment Management LLC owned about 0.17% of Unum Group worth $23,924,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. raised its holdings in Unum Group by 28.3% in the 1st quarter. Stratos Wealth Partners LTD. now owns 3,802 shares of the financial services provider's stock valued at $310,000 after acquiring an additional 838 shares in the last quarter. Wellington Management Group LLP acquired a new position in Unum Group in the 4th quarter valued at approximately $240,000. HighTower Advisors LLC raised its holdings in Unum Group by 0.3% in the 1st quarter. HighTower Advisors LLC now owns 60,370 shares of the financial services provider's stock valued at $4,918,000 after acquiring an additional 201 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Unum Group in the 1st quarter valued at approximately $646,000. Finally, Asset Management One Co. Ltd. raised its holdings in Unum Group by 88.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 17,302 shares of the financial services provider's stock valued at $1,409,000 after acquiring an additional 8,120 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Piper Sandler upped 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. Morgan Stanley cut 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. Wells Fargo & Company cut their price target on Unum Group from $105.00 to $100.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. JPMorgan Chase & Co. increased their target price on Unum Group from $87.00 to $96.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $95.00 target price (down from $100.00) on shares of Unum Group in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $91.15.

Unum Group Trading Down 0.1%

Shares of UNM opened at $75.19 on Monday. The stock has a 50 day simple moving average of $74.07 and a 200-day simple moving average of $77.47. Unum Group has a 1 year low of $54.72 and a 1 year high of $84.48. The stock has a market cap of $12.81 billion, a PE ratio of 8.99, a PEG ratio of 1.27 and a beta of 0.38. 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 (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). 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 analyst estimates of $3.35 billion. During the same period in the prior year, the business earned $2.16 earnings per share. The company'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. On average, sell-side analysts predict that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 25th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, July 25th. This represents a $1.84 dividend on an annualized basis and a yield of 2.4%. This is a positive change from Unum Group's previous quarterly dividend of $0.42. Unum Group's payout ratio is 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.

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