Baird Financial Group Inc. Sells 896 Shares of Unum Group $UNM

Baird Financial Group Inc. reduced its stake in shares of Unum Group (NYSE:UNM) by 12.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 6,273 shares of the financial services provider’s stock after selling 896 shares during the period. Baird Financial Group Inc.’s holdings in Unum Group were worth $511,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its stake in shares of Unum Group by 4.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,816,520 shares of the financial services provider’s stock worth $473,814,000 after buying an additional 264,268 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Unum Group by 155.6% in the 1st quarter. Invesco Ltd. now owns 2,278,473 shares of the financial services provider’s stock worth $185,604,000 after buying an additional 1,387,139 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of 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 worth $134,775,000 after buying an additional 191,572 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new position in shares of Unum Group in the 4th quarter worth approximately $105,199,000. Finally, Allianz Asset Management GmbH boosted its stake in shares of Unum Group by 8.9% in the 1st quarter. Allianz Asset Management GmbH now owns 1,378,105 shares of the financial services provider’s stock worth $112,260,000 after buying an additional 113,111 shares during the last quarter. 86.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in 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 note on Tuesday, July 8th. Wells Fargo & Company cut their target price on Unum Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. UBS Group set a $87.00 target price on Unum Group and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Piper Sandler upped their price objective on Unum Group from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, July 3rd. Finally, Barclays set a $96.00 price objective on Unum Group and gave the company an “overweight” rating in a research note on Monday, July 7th. One 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.15.

Unum Group Stock Up 0.5%

UNM opened at $73.64 on Thursday. The stock has a market cap of $12.54 billion, a PE ratio of 8.81, a P/E/G ratio of 1.24 and a beta of 0.38. 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 $52.71 and a 52 week high of $84.48. The business’s fifty day simple moving average is $74.34 and its 200 day simple moving average is $77.50.

Unum Group (NYSE:UNM) last released its earnings results on Tuesday, July 29th. The financial services provider reported $2.07 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.16). The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.35 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.16 EPS. 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 company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 25th were paid a $0.46 dividend. This is a boost from Unum Group’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Friday, July 25th. Unum Group’s payout ratio is currently 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.