Belpointe Asset Management LLC Sells 1,870 Shares of Unum Group $UNM

Belpointe Asset Management LLC reduced its stake in Unum Group (NYSE:UNM) by 20.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,281 shares of the financial services provider’s stock after selling 1,870 shares during the period. Belpointe Asset Management LLC’s holdings in Unum Group were worth $593,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vermillion & White Wealth Management Group LLC bought a new position in shares of Unum Group in the 1st quarter worth $30,000. N.E.W. Advisory Services LLC bought a new position in shares of Unum Group in the 1st quarter worth $35,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Unum Group by 196.9% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 317 shares during the last quarter. Rossby Financial LCC acquired a new stake in Unum Group during the 1st quarter worth $46,000. Finally, Wayfinding Financial LLC acquired a new stake in Unum Group during the 1st quarter worth $49,000. 86.57% of the stock is currently owned by institutional investors.

Unum Group Stock Performance

NYSE UNM opened at $75.19 on Friday. The company has a market capitalization of $12.81 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 1.27 and a beta of 0.38. Unum Group has a twelve month low of $54.72 and a twelve month high of $84.48. The stock has a fifty day simple moving average of $74.07 and a 200 day simple moving average of $77.50. 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 (NYSE:UNM) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.16). The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.35 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.16 earnings per share. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Sell-side analysts expect that Unum Group will post 9.14 EPS for the current year.

Unum Group Increases Dividend

The firm also recently declared 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 represents a $1.84 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, July 25th. This is an increase from Unum Group’s previous quarterly dividend of $0.42. Unum Group’s dividend payout ratio (DPR) is 22.01%.

Wall Street Analyst Weigh In

UNM has been the topic of several recent research reports. Barclays set a $96.00 price target on Unum Group and gave the company an “overweight” rating in a research note on Monday, July 7th. Wells Fargo & Company reduced their price target on Unum Group from $105.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Morgan Stanley reduced their price objective on Unum Group from $85.00 to $79.00 and set an “equal weight” rating for the company in a report on Monday, August 18th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $95.00 price target (down from $100.00) on shares of Unum Group in a research note on Thursday, July 31st. Finally, Evercore ISI lowered their price objective on shares of Unum Group from $100.00 to $96.00 and set an “outperform” rating for the company in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.15.

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.