Unum Group $UNM Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System lowered its stake in Unum Group (NYSE:UNM) by 1.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,600 shares of the financial services provider’s stock after selling 700 shares during the period. State of Michigan Retirement System’s holdings in Unum Group were worth $3,117,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its holdings 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 purchasing an additional 264,268 shares during the period. Invesco Ltd. increased its holdings in shares of Unum Group by 155.6% in the first 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. increased its holdings in shares of Unum Group by 13.1% in the first 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 holdings in Unum Group by 11.5% during the second quarter. Allianz Asset Management GmbH now owns 1,537,189 shares of the financial services provider’s stock worth $124,143,000 after acquiring an additional 159,084 shares during the period. Finally, Nordea Investment Management AB grew its holdings in Unum Group by 3.6% during the second quarter. Nordea Investment Management AB now owns 1,482,096 shares of the financial services provider’s stock worth $119,235,000 after acquiring an additional 51,750 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Stock Down 1.8%

Shares of NYSE:UNM opened at $76.76 on Thursday. 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 $66.81 and a 52-week high of $84.48. The stock’s fifty day simple moving average is $75.36 and its 200-day simple moving average is $76.89. The company has a market capitalization of $13.07 billion, a P/E ratio of 9.18, a P/E/G ratio of 1.23 and a beta of 0.37.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Monday, November 3rd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.06). Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The company had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the prior year, the company earned $2.13 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. Unum Group has set its FY 2025 guidance at 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders 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 is Friday, October 24th. Unum Group’s dividend payout ratio is currently 35.87%.

Wall Street Analyst Weigh In

UNM has been the topic of a number of recent analyst reports. Wolfe Research raised Unum Group to a “strong-buy” rating in a report on Tuesday, September 16th. UBS Group set a $87.00 price objective on Unum Group and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Barclays upped their price objective on Unum Group from $92.00 to $95.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Morgan Stanley upped their price objective on Unum Group from $79.00 to $81.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Finally, Evercore ISI upped their price objective on Unum Group from $96.00 to $99.00 and gave the stock an “outperform” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.67.

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.