Zurich Insurance Group Ltd FI Sells 482,315 Shares of Unum Group $UNM

Zurich Insurance Group Ltd FI decreased its stake in Unum Group (NYSE:UNM) by 33.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 958,175 shares of the financial services provider’s stock after selling 482,315 shares during the period. Zurich Insurance Group Ltd FI owned 0.55% of Unum Group worth $78,053,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC purchased a new position in Unum Group in the fourth quarter valued at approximately $247,000. Baird Financial Group Inc. raised its stake in shares of Unum Group by 95.7% in the fourth quarter. Baird Financial Group Inc. now owns 7,169 shares of the financial services provider’s stock valued at $524,000 after buying an additional 3,506 shares during the period. Cetera Investment Advisers raised its stake in shares of Unum Group by 6.0% in the fourth quarter. Cetera Investment Advisers now owns 36,967 shares of the financial services provider’s stock valued at $2,700,000 after buying an additional 2,105 shares during the period. Deutsche Bank AG lifted its position in shares of Unum Group by 258.5% during the 4th quarter. Deutsche Bank AG now owns 287,218 shares of the financial services provider’s stock valued at $20,976,000 after buying an additional 207,110 shares during the last quarter. Finally, Ethic Inc. grew its stake in shares of Unum Group by 11.4% during the 4th quarter. Ethic Inc. now owns 22,505 shares of the financial services provider’s stock worth $1,644,000 after acquiring an additional 2,305 shares during the period. 86.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

UNM has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price objective on shares of Unum Group from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. Barclays set a $96.00 price objective on shares of Unum Group and gave the company an “overweight” rating in a research report on Monday, July 7th. UBS Group set a $87.00 target price on shares of Unum Group and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Morgan Stanley cut their price target on shares of Unum Group from $85.00 to $79.00 and set an “equal weight” rating for the company in a report on Monday, August 18th. Finally, Piper Sandler upped their price target on shares of Unum Group from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, July 3rd. One equities 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.15.

Unum Group Price Performance

UNM opened at $73.62 on Tuesday. 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 stock has a market capitalization of $12.54 billion, a P/E ratio of 8.81, a PEG ratio of 1.24 and a beta of 0.38. The stock has a 50-day moving average price of $74.67 and a 200-day moving average price of $77.56. Unum Group has a 12-month low of $52.71 and a 12-month high of $84.48.

Unum Group (NYSE:UNM) last released 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). The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.35 billion. Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.16 EPS. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Equities analysts predict that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Increases Dividend

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

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.