Unum Group $UNM Shares Sold by V Square Quantitative Management LLC

V Square Quantitative Management LLC lowered its holdings in shares of Unum Group (NYSE:UNM) by 24.9% in the second quarter, Holdings Channel reports. The firm owned 719 shares of the financial services provider’s stock after selling 239 shares during the quarter. V Square Quantitative Management LLC’s holdings in Unum Group were worth $58,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of UNM. Invesco Ltd. boosted its stake in Unum Group by 155.6% during the 1st quarter. Invesco Ltd. now owns 2,278,473 shares of the financial services provider’s stock worth $185,604,000 after purchasing an additional 1,387,139 shares during the period. Nuveen LLC acquired a new stake in shares of Unum Group in the 1st quarter worth $93,287,000. Teewinot Capital Advisers L.L.C. acquired a new stake in shares of Unum Group in the 1st quarter worth $58,881,000. Assenagon Asset Management S.A. lifted its stake in shares of Unum Group by 228.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,033,700 shares of the financial services provider’s stock worth $84,205,000 after acquiring an additional 719,152 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Unum Group by 202.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 945,271 shares of the financial services provider’s stock worth $77,512,000 after acquiring an additional 632,358 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Stock Performance

NYSE:UNM opened at $78.52 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average price of $73.00 and a two-hundred day moving average price of $77.23. Unum Group has a twelve month low of $58.66 and a twelve month high of $84.48. The company has a market capitalization of $13.37 billion, a P/E ratio of 9.39, a price-to-earnings-growth ratio of 1.32 and a beta of 0.36.

Unum Group (NYSE:UNM) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share 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 business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter last year, the business posted $2.16 earnings per share. The business’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, research analysts expect that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 25th were issued a dividend of $0.46 per share. This is an increase from Unum Group’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, July 25th. This represents a $1.84 annualized dividend and a yield of 2.3%. Unum Group’s payout ratio is 22.01%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on UNM. Barclays set a $96.00 target price on shares of Unum Group and gave the stock an “overweight” rating in a research note on Monday, July 7th. Wolfe Research upgraded shares of Unum Group to a “strong-buy” rating in a research note on Tuesday, September 16th. Piper Sandler raised their target price 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. UBS Group set a $87.00 price objective on shares of Unum Group and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Unum Group from $87.00 to $96.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $91.14.

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.