Unum Group $UNM Shares Sold by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC lessened its holdings in shares of Unum Group (NYSE:UNM) by 6.4% during the second quarter, HoldingsChannel reports. The fund owned 2,954 shares of the financial services provider’s stock after selling 202 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Unum Group were worth $239,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UNM. Invesco Ltd. grew its holdings in Unum Group by 155.6% during the first quarter. Invesco Ltd. now owns 2,278,473 shares of the financial services provider’s stock worth $185,604,000 after acquiring an additional 1,387,139 shares during the period. Nuveen LLC acquired a new position in Unum Group during the first quarter worth $93,287,000. Teewinot Capital Advisers L.L.C. purchased a new stake in Unum Group during the first quarter worth $58,881,000. Allspring Global Investments Holdings LLC boosted its position in Unum Group by 202.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 945,271 shares of the financial services provider’s stock worth $77,512,000 after purchasing an additional 632,358 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its position in Unum Group by 65.2% during the first quarter. Adage Capital Partners GP L.L.C. now owns 950,000 shares of the financial services provider’s stock worth $77,387,000 after purchasing an additional 375,000 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Unum Group from $87.00 to $96.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Barclays boosted their target price on Unum Group from $92.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wolfe Research upgraded Unum Group to a “strong-buy” rating in a research report on Tuesday, September 16th. Wells Fargo & Company decreased their target price on Unum Group from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 8th. Finally, Morgan Stanley boosted their target price on Unum Group from $79.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.23.

Unum Group Stock Down 1.2%

Shares of NYSE:UNM opened at $75.85 on Monday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. Unum Group has a 52-week low of $61.37 and a 52-week high of $84.48. The stock’s fifty day simple moving average is $73.27 and its 200-day simple moving average is $76.99. The company has a market capitalization of $12.92 billion, a P/E ratio of 9.07, a P/E/G ratio of 1.28 and a beta of 0.36.

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

Unum Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 24th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, October 24th. Unum Group’s dividend payout ratio (DPR) is 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.