Triasima Portfolio Management inc. Raises Stock Position in Unum Group $UNM

Triasima Portfolio Management inc. increased its stake in Unum Group (NYSE:UNM) by 47.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,290 shares of the financial services provider’s stock after purchasing an additional 17,805 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Unum Group were worth $4,465,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. purchased a new stake in Unum Group in the second quarter worth approximately $28,000. Vermillion & White Wealth Management Group LLC purchased a new stake in Unum Group in the first quarter worth approximately $30,000. Atwood & Palmer Inc. boosted its holdings in Unum Group by 100.0% in the second quarter. Atwood & Palmer Inc. now owns 400 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 200 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in Unum Group in the first quarter worth approximately $35,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Unum Group by 196.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 317 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Analyst Upgrades and Downgrades

UNM has been the topic of several research reports. Barclays set a $96.00 target price on shares of Unum Group and gave the stock an “overweight” rating in a report on Monday, July 7th. UBS Group set a $87.00 price target on shares of Unum Group and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. increased their price target on shares of Unum Group from $87.00 to $96.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Wolfe Research upgraded shares of Unum Group to a “strong-buy” rating in a research report on Tuesday, September 16th. Finally, Wells Fargo & Company decreased their price target on shares of Unum Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Unum Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.29.

Unum Group Stock Down 0.5%

Shares of UNM stock opened at $78.23 on Wednesday. The company has a market capitalization of $13.32 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 1.33 and a beta of 0.36. Unum Group has a one year low of $60.39 and a one year high of $84.48. The company’s fifty day moving average price is $72.90 and its 200-day moving average price is $77.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30.

Unum Group (NYSE:UNM) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.07 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.16). The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.35 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.16 earnings per share. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Sell-side analysts expect that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors 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 positive change from Unum Group’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 2.4%. Unum Group’s dividend payout ratio is 22.01%.

About Unum Group

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.