Universal Beteiligungs und Servicegesellschaft mbH Decreases Stock Position in Unum Group $UNM

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in Unum Group (NYSE:UNM) by 23.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,936 shares of the financial services provider’s stock after selling 19,861 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Unum Group were worth $5,325,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Advisors Capital Management LLC boosted its stake in shares of Unum Group by 2.2% in the first quarter. Advisors Capital Management LLC now owns 6,308 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 136 shares during the period. Waterfront Wealth Inc. boosted its position in Unum Group by 0.5% in the 2nd quarter. Waterfront Wealth Inc. now owns 29,350 shares of the financial services provider’s stock valued at $2,370,000 after buying an additional 158 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of Unum Group by 0.4% during the second quarter. Ritholtz Wealth Management now owns 42,327 shares of the financial services provider’s stock valued at $3,418,000 after acquiring an additional 160 shares in the last quarter. Savant Capital LLC increased its position in shares of Unum Group by 0.3% during the second quarter. Savant Capital LLC now owns 46,440 shares of the financial services provider’s stock worth $3,750,000 after acquiring an additional 161 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Unum Group by 4.4% in the second quarter. UMB Bank n.a. now owns 4,016 shares of the financial services provider’s stock worth $324,000 after acquiring an additional 168 shares in the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UNM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price objective on Unum Group from $94.00 to $92.00 and set a “neutral” rating for the company in a research note on Tuesday, November 4th. Wolfe Research raised shares of Unum Group to a “strong-buy” rating in a research report on Tuesday, September 16th. Wells Fargo & Company dropped their price target on shares of Unum Group from $100.00 to $98.00 and set an “overweight” rating for the company in a research note on Wednesday, October 8th. Morgan Stanley upped their price target on shares of Unum Group from $79.00 to $81.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $95.00 price objective (down from $100.00) on shares of Unum Group in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $94.67.

Insider Activity

In other news, EVP Christopher W. Pyne sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $78.04, for a total transaction of $312,160.00. Following the completion of the transaction, the executive vice president directly owned 51,372 shares of the company’s stock, valued at approximately $4,009,070.88. This represents a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven Andrew Zabel sold 7,500 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $76.38, for a total value of $572,850.00. Following the sale, the executive vice president owned 113,807 shares in the company, valued at $8,692,578.66. The trade was a 6.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.92% of the stock is owned by corporate insiders.

Unum Group Stock Performance

UNM stock opened at $75.59 on Friday. The stock’s 50 day simple moving average is $76.38 and its 200 day simple moving average is $76.78. Unum Group has a 12-month low of $66.81 and a 12-month high of $84.48. The firm has a market cap of $12.65 billion, a P/E ratio of 9.04, a P/E/G ratio of 1.23 and a beta of 0.37. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31.

Unum Group (NYSE:UNM) last released its earnings results on Monday, November 3rd. The financial services provider reported $2.09 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.06). The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.31 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.13 EPS. Unum Group has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Unum Group will post 9.14 EPS for the current year.

Unum Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 24th were paid a dividend of $0.46 per share. The ex-dividend date was Friday, October 24th. This represents a $1.84 annualized dividend and a yield of 2.4%. Unum Group’s dividend payout ratio is 35.87%.

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.