Boston Partners Raises Stake in Unum Group $UNM

Boston Partners boosted its stake in Unum Group (NYSE:UNM) by 46.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 121,139 shares of the financial services provider’s stock after purchasing an additional 38,505 shares during the quarter. Boston Partners owned approximately 0.07% of Unum Group worth $9,781,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its position in shares of Unum Group by 4.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,816,520 shares of the financial services provider’s stock valued at $473,814,000 after acquiring an additional 264,268 shares during the period. Invesco Ltd. boosted its holdings in Unum Group by 155.6% in the 1st quarter. Invesco Ltd. now owns 2,278,473 shares of the financial services provider’s stock valued at $185,604,000 after purchasing an additional 1,387,139 shares during the period. Victory Capital Management Inc. boosted its holdings in Unum Group by 13.1% in the 1st quarter. Victory Capital Management Inc. now owns 1,654,489 shares of the financial services provider’s stock valued at $134,775,000 after purchasing an additional 191,572 shares during the period. Allianz Asset Management GmbH grew its position in shares of Unum Group by 11.5% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,537,189 shares of the financial services provider’s stock valued at $124,143,000 after purchasing an additional 159,084 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in shares of Unum Group by 3.6% during the 2nd quarter. Nordea Investment Management AB now owns 1,482,096 shares of the financial services provider’s stock valued at $119,235,000 after purchasing an additional 51,750 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Unum Group from $94.00 to $92.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 4th. UBS Group set a $87.00 price target on Unum Group and gave the company a “neutral” rating in a report on Wednesday, July 30th. Morgan Stanley lifted their price target 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. Barclays upped their price objective on shares of Unum Group from $92.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Finally, Evercore ISI raised their target price on shares of Unum Group from $96.00 to $99.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Unum Group has a consensus rating of “Moderate Buy” and an average target price of $94.67.

Insider Activity

In other news, EVP Christopher W. Pyne sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $78.04, for a total transaction of $312,160.00. Following the transaction, the executive vice president directly owned 51,372 shares of the company’s stock, valued at approximately $4,009,070.88. This trade represents a 7.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.93% of the company’s stock.

Unum Group Stock Down 0.6%

Shares of UNM opened at $76.86 on Friday. Unum Group has a 1 year low of $66.81 and a 1 year high of $84.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a 50 day simple moving average of $76.11 and a two-hundred day simple moving average of $76.88. The firm has a market cap of $12.86 billion, a P/E ratio of 9.19, a P/E/G ratio of 1.23 and a beta of 0.37.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Monday, November 3rd. The financial services provider reported $2.09 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.06). Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same period last year, the business posted $2.13 earnings per share. The company’s revenue was up 5.0% compared to the same quarter last year. Unum Group has set its FY 2025 guidance at EPS. On average, analysts forecast that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 24th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, October 24th. Unum Group’s dividend payout ratio is presently 35.87%.

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.