Woodline Partners LP Buys 166,287 Shares of Unum Group $UNM

Key Points

• Woodline Partners LP has increased its stake in Unum Group by 29%, acquiring an additional 166,287 shares for a total of 739,877 shares valued at approximately $60.27 million.
• Unum Group recently reported a quarterly EPS of $2.07, which missed analysts' expectations by $0.16, while its revenue for the quarter grew 4% year-over-year.
• The firm also announced an increase in its quarterly dividend to $0.46 per share, resulting in an annualized yield of 2.5%.

Woodline Partners LP boosted its holdings in Unum Group (NYSE:UNM - Free Report) by 29.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 739,877 shares of the financial services provider's stock after acquiring an additional 166,287 shares during the period. Woodline Partners LP owned 0.42% of Unum Group worth $60,270,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in UNM. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Unum Group during the first quarter worth approximately $30,000. N.E.W. Advisory Services LLC bought a new stake in Unum Group in the 1st quarter valued at $35,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake 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 purchasing an additional 317 shares during the period. Rossby Financial LCC bought a new stake in Unum Group in the 1st quarter valued at $46,000. Finally, Wayfinding Financial LLC bought a new stake in Unum Group in the 1st quarter valued at $49,000. Institutional investors own 86.57% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Unum Group from $87.00 to $96.00 and gave the company a "neutral" rating in a research 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 for the company in a research report on Wednesday, July 30th. Piper Sandler boosted their target price on shares of Unum Group from $88.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. Wells Fargo & Company reduced their target price on shares of Unum Group from $105.00 to $100.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Finally, UBS Group set a $87.00 target price on shares of Unum Group and gave the company a "neutral" rating in a research report on Wednesday, July 30th. One investment 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. According to MarketBeat.com, Unum Group currently has an average rating of "Moderate Buy" and an average target price of $91.15.

Unum Group Price Performance

NYSE UNM traded down $0.07 on Friday, hitting $75.19. 1,525,048 shares of the company's stock were exchanged, compared to its average volume of 1,440,049. The stock has a 50-day moving average of $74.21 and a 200-day moving average of $77.50. 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 52 week low of $54.72 and a 52 week high of $84.48. The stock has a market cap of $12.81 billion, a price-to-earnings ratio of 8.99, a P/E/G ratio of 1.24 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 return on equity of 13.44% and a net margin of 11.77%.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 company earned $2.16 earnings per share. 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. Analysts expect that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 25th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, July 25th. 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 dividend yield of 2.4%. Unum Group's 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.