Triasima Portfolio Management inc. Purchases 17,805 Shares of Unum Group $UNM

Triasima Portfolio Management inc. grew its position in shares of Unum Group (NYSE:UNM) by 47.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,290 shares of the financial services provider’s stock after acquiring an additional 17,805 shares during the period. Triasima Portfolio Management inc.’s holdings in Unum Group were worth $4,465,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its stake in Unum Group by 4.8% in the first 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 in the last quarter. Invesco Ltd. raised its stake in Unum Group by 155.6% in the first 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 in the last quarter. Victory Capital Management Inc. raised its stake in Unum Group by 13.1% in the first 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 in the last quarter. Royal Bank of Canada raised its stake in 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 buying an additional 6,648 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its stake in Unum Group by 8.9% in the first 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 in the last quarter. 86.57% of the stock is owned by institutional investors.

Unum Group Trading Down 0.5%

NYSE:UNM opened at $78.23 on Wednesday. The company’s 50 day moving average price is $72.90 and its 200-day moving average price is $77.15. Unum Group has a 52 week low of $60.39 and a 52 week high of $84.48. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. The stock has a market cap of $13.32 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 1.33 and a beta of 0.36.

Unum Group (NYSE:UNM) last posted its quarterly 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). 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 for the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the previous year, the company earned $2.16 EPS. The company’s quarterly 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. On average, equities research analysts forecast that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on UNM shares. JPMorgan Chase & Co. increased their price target on shares of 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 decreased their price target on shares of Unum Group from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $95.00 target price (down previously from $100.00) on shares of Unum Group in a research note on Thursday, July 31st. Wolfe Research raised Unum Group to a “strong-buy” rating in a research report on Tuesday, September 16th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Unum Group in a research report on Saturday, September 27th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $91.29.

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.