Allianz Asset Management GmbH Purchases 159,084 Shares of Unum Group $UNM

Allianz Asset Management GmbH grew its position in Unum Group (NYSE:UNM) by 11.5% during the second quarter, HoldingsChannel reports. The firm owned 1,537,189 shares of the financial services provider’s stock after buying an additional 159,084 shares during the quarter. Allianz Asset Management GmbH’s holdings in Unum Group were worth $124,143,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Stratos Wealth Partners LTD. raised its position 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 valued at $310,000 after purchasing an additional 838 shares during the period. 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. acquired a new stake in shares of Unum Group in the first quarter worth $646,000. 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. Finally, Asset Management One Co. Ltd. grew its stake in shares of Unum Group by 88.4% in the first quarter. Asset Management One Co. Ltd. now owns 17,302 shares of the financial services provider’s stock worth $1,409,000 after acquiring an additional 8,120 shares during the last quarter. Institutional investors own 86.57% of the company’s stock.

Unum Group Stock Down 0.9%

Shares of NYSE:UNM opened at $75.94 on Thursday. Unum Group has a 52 week low of $61.37 and a 52 week high of $84.48. 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’s fifty day moving average is $73.61 and its 200-day moving average is $76.95. The company has a market capitalization of $12.93 billion, a PE ratio of 9.08, a P/E/G ratio of 1.26 and a beta of 0.36.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $2.07 EPS 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 firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the prior year, the firm posted $2.16 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Equities research analysts predict that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective 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. Barclays raised their price objective on shares of 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 restated a “buy (b)” rating on shares of Unum Group in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $95.00 price target (down previously from $100.00) on shares of Unum Group in a research note on Thursday, July 31st. Finally, Evercore ISI decreased their price target on shares of Unum Group from $100.00 to $96.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $93.23.

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.