Acadian Asset Management LLC Has $11.47 Million Holdings in Unum Group $UNM

Acadian Asset Management LLC lessened its holdings in Unum Group (NYSE:UNM) by 54.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 140,834 shares of the financial services provider’s stock after selling 170,289 shares during the period. Acadian Asset Management LLC owned 0.08% of Unum Group worth $11,469,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fifth Third Bancorp lifted its stake in shares of Unum Group by 4.0% in the 1st quarter. Fifth Third Bancorp now owns 3,558 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 136 shares during the last quarter. Private Trust Co. NA lifted its position in Unum Group by 7.3% during the 1st quarter. Private Trust Co. NA now owns 2,757 shares of the financial services provider’s stock worth $225,000 after acquiring an additional 187 shares during the last quarter. CWM LLC lifted its position in Unum Group by 1.4% during the 1st quarter. CWM LLC now owns 14,209 shares of the financial services provider’s stock worth $1,158,000 after acquiring an additional 199 shares during the last quarter. Sculati Wealth Management LLC lifted its position in Unum Group by 0.5% during the 4th quarter. Sculati Wealth Management LLC now owns 38,901 shares of the financial services provider’s stock worth $2,841,000 after acquiring an additional 200 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in Unum Group by 0.3% during the 1st quarter. HighTower Advisors LLC now owns 60,370 shares of the financial services provider’s stock worth $4,918,000 after acquiring an additional 201 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Stock Down 0.1%

Shares of UNM opened at $75.19 on Friday. The company has a 50-day simple moving average of $74.07 and a 200-day simple moving average of $77.50. The firm has a market capitalization of $12.81 billion, a P/E ratio of 8.99, a P/E/G ratio of 1.27 and a beta of 0.38. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. Unum Group has a 52 week low of $54.72 and a 52 week high of $84.48.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.16). Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same period last year, the company earned $2.16 EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. On average, equities research analysts expect that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 25th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.4%. This is a boost from Unum Group’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, July 25th. Unum Group’s dividend payout ratio (DPR) is currently 22.01%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Evercore ISI cut their target price 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. Piper Sandler boosted their target price on shares of Unum Group from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, July 3rd. UBS Group set a $87.00 target price on shares of Unum Group and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $95.00 target price (down previously from $100.00) on shares of Unum Group in a research report on Thursday, July 31st. Finally, Morgan Stanley cut their target price on shares of Unum Group from $85.00 to $79.00 and set an “equal weight” rating for the company in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Unum Group currently has a consensus rating of “Moderate Buy” and an average target price 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.