Northern Trust Corp Decreases Stake in Unum Group $UNM

Northern Trust Corp lowered its stake in Unum Group (NYSE:UNM) by 2.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,882,465 shares of the financial services provider’s stock after selling 47,884 shares during the period. Northern Trust Corp’s holdings in Unum Group were worth $153,346,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. N.E.W. Advisory Services LLC purchased a new position in Unum Group in the first quarter valued at $35,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Unum Group by 196.9% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 317 shares during the last quarter. Rossby Financial LCC acquired a new position in Unum Group in the 1st quarter valued at about $46,000. Wayfinding Financial LLC acquired a new position in Unum Group in the 1st quarter valued at about $49,000. Finally, Cullen Frost Bankers Inc. raised its stake in shares of Unum Group by 1,289.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 806 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 748 shares during the period. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on UNM. Evercore ISI cut their target price on shares of Unum Group from $100.00 to $96.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 30th. Wells Fargo & Company lowered their target price on shares of 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 price target on shares of Unum Group from $87.00 to $96.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 8th. Piper Sandler increased their price target on shares of Unum Group from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, July 3rd. Finally, Barclays set a $96.00 price objective on shares of Unum Group and gave the stock an “overweight” rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Unum Group currently has an average rating of “Moderate Buy” and a consensus price target of $91.15.

Unum Group Price Performance

UNM opened at $69.8750 on Friday. Unum Group has a 1 year low of $52.71 and a 1 year high of $84.48. The company’s 50 day simple moving average is $76.48 and its 200 day simple moving average is $77.87. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market capitalization of $11.90 billion, a PE ratio of 8.36, a P/E/G ratio of 1.17 and a beta of 0.40.

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

Unum Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 25th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from Unum Group’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, July 25th. 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.