Freedom Investment Management Inc. Sells 372 Shares of Unum Group $UNM

Freedom Investment Management Inc. trimmed its stake in Unum Group (NYSE:UNM) by 7.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,593 shares of the financial services provider’s stock after selling 372 shares during the quarter. Freedom Investment Management Inc.’s holdings in Unum Group were worth $371,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew 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 valued at $473,814,000 after purchasing an additional 264,268 shares in the last quarter. Invesco Ltd. grew 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 valued at $185,604,000 after purchasing an additional 1,387,139 shares in the last quarter. Victory Capital Management Inc. grew 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 valued at $134,775,000 after purchasing an additional 191,572 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Unum Group by 11.5% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,537,189 shares of the financial services provider’s stock worth $124,143,000 after acquiring an additional 159,084 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of Unum Group by 3.6% during the 2nd quarter. Nordea Investment Management AB now owns 1,482,096 shares of the financial services provider’s stock worth $119,235,000 after acquiring an additional 51,750 shares during the period. 86.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UNM has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price on Unum Group from $87.00 to $96.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 8th. Barclays lifted their target price on Unum Group from $92.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Unum Group in a research note on Friday. UBS Group set a $87.00 target price on Unum Group and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Finally, Evercore ISI reduced their target price on Unum Group from $100.00 to $96.00 and set an “outperform” rating for the company in a research note on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Unum Group has an average rating of “Moderate Buy” and an average target price of $93.23.

Unum Group Stock Performance

NYSE:UNM opened at $76.12 on Monday. The stock has a market cap of $12.96 billion, a P/E ratio of 9.11, a PEG ratio of 1.25 and a beta of 0.36. The stock has a 50 day simple moving average of $74.44 and a 200 day simple moving average of $76.94. 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 has a 1-year low of $61.37 and a 1-year high of $84.48.

Unum Group (NYSE:UNM) last announced 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 company 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%. Unum Group’s revenue 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. Research analysts anticipate that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 24th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a $1.84 annualized dividend and a yield of 2.4%. Unum Group’s payout ratio is currently 22.01%.

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.