Trivium Point Advisory LLC Trims Stock Holdings in Unum Group $UNM

Trivium Point Advisory LLC reduced its stake in Unum Group (NYSE:UNM) by 5.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,814 shares of the financial services provider’s stock after selling 668 shares during the period. Trivium Point Advisory LLC’s holdings in Unum Group were worth $873,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Stratos Wealth Partners LTD. grew its stake in shares of Unum Group by 28.3% in the first quarter. Stratos Wealth Partners LTD. now owns 3,802 shares of the financial services provider’s stock worth $310,000 after acquiring an additional 838 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Unum Group in the fourth quarter worth $240,000. HighTower Advisors LLC grew its stake in shares of Unum Group by 0.3% in the first 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. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Unum Group in the first quarter worth $646,000. Finally, Royal Bank of Canada grew its stake in shares of Unum Group by 0.5% in the first quarter. Royal Bank of Canada now owns 1,416,124 shares of the financial services provider’s stock worth $115,358,000 after acquiring an additional 6,648 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Unum Group Stock Up 0.5%

UNM stock opened at $77.81 on Wednesday. Unum Group has a fifty-two week low of $58.37 and a fifty-two week high of $84.48. The business’s 50-day moving average is $73.08 and its two-hundred day moving average is $77.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market cap of $13.25 billion, a price-to-earnings ratio of 9.31, a P/E/G ratio of 1.31 and a beta of 0.38.

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 analysts’ consensus estimates of $2.23 by ($0.16). Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the prior year, the company posted $2.16 EPS. The firm’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, analysts forecast that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Increases Dividend

The business 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. 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. The ex-dividend date of this dividend was Friday, July 25th. Unum Group’s dividend payout ratio is 22.01%.

Analysts Set New Price Targets

UNM has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $95.00 target price (down from $100.00) on shares of Unum Group in a research note on Thursday, July 31st. Evercore ISI dropped their price objective on Unum Group from $100.00 to $96.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 30th. UBS Group set a $87.00 price objective on Unum Group and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Wells Fargo & Company dropped their price objective on Unum Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Finally, Morgan Stanley dropped their price objective on Unum Group from $85.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. Two 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 company’s stock. According to MarketBeat, Unum Group has a consensus rating of “Moderate Buy” and an average target price of $91.14.

Unum Group 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.