New York State Teachers Retirement System Decreases Position in Unum Group $UNM

New York State Teachers Retirement System lessened its position in Unum Group (NYSE:UNM) by 0.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 199,808 shares of the financial services provider’s stock after selling 1,519 shares during the period. New York State Teachers Retirement System’s holdings in Unum Group were worth $16,136,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisors Capital Management LLC lifted its position in Unum Group by 2.2% in the 1st quarter. Advisors Capital Management LLC now owns 6,308 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 136 shares in the last quarter. Ritholtz Wealth Management lifted its holdings 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 purchasing an additional 160 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Unum Group by 4.4% during the second quarter. UMB Bank n.a. now owns 4,016 shares of the financial services provider’s stock valued at $324,000 after buying an additional 168 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Unum Group by 14.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,465 shares of the financial services provider’s stock worth $118,000 after buying an additional 183 shares in the last quarter. Finally, Private Trust Co. NA raised its position in Unum Group by 7.3% in the 1st quarter. Private Trust Co. NA now owns 2,757 shares of the financial services provider’s stock worth $225,000 after buying an additional 187 shares during the last quarter. Institutional investors own 86.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on UNM shares. Evercore ISI reduced their price target on shares of Unum Group from $100.00 to $96.00 and set an “outperform” rating for the company in a research note on Wednesday, July 30th. Wolfe Research raised shares of Unum Group to a “strong-buy” rating in a research report on Tuesday, September 16th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $95.00 target price (down from $100.00) on shares of Unum Group in a research note on Thursday, July 31st. Wells Fargo & Company dropped their price target on Unum Group from $100.00 to $98.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Unum Group from $87.00 to $96.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.23.

Unum Group Stock Up 2.3%

UNM opened at $75.42 on Friday. The firm’s 50 day simple moving average is $73.83 and its two-hundred day simple moving average is $76.85. The company has a market capitalization of $12.84 billion, a PE ratio of 9.02, a PEG ratio of 1.21 and a beta of 0.36. Unum Group has a 1-year low of $61.37 and a 1-year high of $84.48. 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 posted its quarterly earnings data 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 return on equity of 13.44% and a net margin of 11.77%.The company had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter last year, the company earned $2.16 earnings per share. The company’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. As a group, equities analysts forecast that Unum Group will post 9.14 EPS for the current year.

Unum Group Dividend Announcement

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

About Unum Group

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.