Unum Group $UNM Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp lowered its position in Unum Group (NYSE:UNM) by 25.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,660 shares of the financial services provider’s stock after selling 898 shares during the quarter. Fifth Third Bancorp’s holdings in Unum Group were worth $215,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in UNM. Quintet Private Bank Europe S.A. purchased a new position in shares of Unum Group in the second quarter valued at $28,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Unum Group in the first quarter valued at $30,000. Atwood & Palmer Inc. increased its position in shares of Unum Group by 100.0% in the second quarter. Atwood & Palmer Inc. now owns 400 shares of the financial services provider’s stock valued at $32,000 after buying an additional 200 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in shares of Unum Group in the first quarter valued at $35,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Unum Group by 196.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478 shares of the financial services provider’s stock valued at $39,000 after buying an additional 317 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on UNM. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $95.00 price target (down previously from $100.00) on shares of Unum Group in a research report on Thursday, July 31st. Piper Sandler increased 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. 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. Wells Fargo & Company decreased their price objective 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. Finally, Morgan Stanley decreased their price objective on Unum Group from $85.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Monday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.14.

Unum Group Stock Performance

NYSE UNM opened at $77.81 on Wednesday. The firm has a market capitalization of $13.25 billion, a P/E ratio of 9.31, a P/E/G ratio of 1.31 and a beta of 0.38. Unum Group has a 1-year low of $58.37 and a 1-year high of $84.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. The business’s 50-day simple moving average is $73.08 and its 200-day simple moving average is $77.24.

Unum Group (NYSE:UNM) last released its quarterly earnings data 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). The firm 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 period in the prior year, the firm earned $2.16 earnings per share. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Equities analysts predict that Unum Group will post 9.14 EPS for the current year.

Unum Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 25th were paid a $0.46 dividend. The ex-dividend date of this dividend was Friday, July 25th. This represents a $1.84 annualized dividend and a dividend yield of 2.4%. This is an increase from Unum Group’s previous quarterly dividend of $0.42. Unum Group’s dividend payout ratio is presently 22.01%.

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.