Robeco Institutional Asset Management B.V. Sells 8,163 Shares of Unum Group $UNM

Robeco Institutional Asset Management B.V. cut its position in shares of Unum Group (NYSE:UNM) by 2.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 329,110 shares of the financial services provider’s stock after selling 8,163 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Unum Group were worth $26,579,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of Unum Group by 4.8% during 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 during the period. Invesco Ltd. increased its position in shares of Unum Group by 155.6% during 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 during the period. Victory Capital Management Inc. increased its position in shares of Unum Group by 13.1% during 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 during the period. Royal Bank of Canada increased its position in shares of Unum Group by 0.5% during the first quarter. Royal Bank of Canada now owns 1,416,124 shares of the financial services provider’s stock valued at $115,358,000 after purchasing an additional 6,648 shares during the period. Finally, Allianz Asset Management GmbH grew its position 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 valued at $112,260,000 after acquiring an additional 113,111 shares during the period. 86.57% of the stock is currently owned by institutional investors.

Unum Group Price Performance

Shares of UNM stock opened at $79.43 on Friday. 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 $59.98 and a 52 week high of $84.48. The stock has a market capitalization of $13.53 billion, a PE ratio of 9.50, a PEG ratio of 1.33 and a beta of 0.36. The stock’s fifty day moving average is $72.98 and its 200-day moving average is $77.22.

Unum Group (NYSE:UNM) last released its earnings results 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). Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same period in the previous year, the company posted $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. Equities research analysts expect that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 25th were paid a $0.46 dividend. 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 yield of 2.3%. The ex-dividend date was Friday, July 25th. Unum Group’s dividend payout ratio is 22.01%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $95.00 price target (down from $100.00) on shares of Unum Group in a research report on Thursday, July 31st. UBS Group set a $87.00 price target on Unum Group and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Morgan Stanley lowered their price target 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. Barclays set a $96.00 target price on Unum Group and gave the stock an “overweight” rating in a report on Monday, July 7th. Finally, Evercore ISI decreased their target price on Unum Group from $100.00 to $96.00 and set an “outperform” rating on the stock in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.14.

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.