Catalyst Funds Management Pty Ltd Takes Position in Unum Group $UNM

Catalyst Funds Management Pty Ltd bought a new stake in shares of Unum Group (NYSE:UNM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 3,900 shares of the financial services provider’s stock, valued at approximately $315,000.

A number of other large investors have also bought and sold shares of UNM. HighTower Advisors LLC lifted its holdings 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 valued at $4,918,000 after purchasing an additional 201 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Unum Group during the 1st quarter valued at $646,000. Royal Bank of Canada boosted its holdings in Unum Group by 0.5% during the 1st 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. BTC Capital Management Inc. grew its stake in shares of Unum Group by 5.0% in the 2nd quarter. BTC Capital Management Inc. now owns 71,836 shares of the financial services provider’s stock worth $5,731,000 after acquiring an additional 3,399 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of Unum Group by 8.1% in the first quarter. Raymond James Financial Inc. now owns 290,382 shares of the financial services provider’s stock valued at $23,654,000 after purchasing an additional 21,770 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Unum Group Stock Performance

NYSE:UNM opened at $75.59 on Friday. The company has a market capitalization 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 business has a fifty day simple moving average of $76.38 and a two-hundred day simple moving average of $76.78. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. Unum Group has a 1 year low of $66.81 and a 1 year high of $84.48.

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

Unum Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 24th were paid a $0.46 dividend. The ex-dividend date was 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 presently 35.87%.

Insider Activity at Unum Group

In related news, EVP Christopher W. Pyne sold 4,000 shares of Unum Group stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $78.04, for a total value of $312,160.00. Following the completion of the transaction, the executive vice president directly owned 51,372 shares in the company, valued at approximately $4,009,070.88. The trade was a 7.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven Andrew Zabel sold 7,500 shares of the stock in a transaction 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 approximately $8,692,578.66. This represents a 6.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UNM. UBS Group set a $87.00 price target on shares of Unum Group and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $95.00 target price (down from $100.00) on shares of Unum Group in a report on Thursday, July 31st. Wolfe Research raised Unum Group to a “strong-buy” rating in a research report on Tuesday, September 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Unum Group in a research report on Wednesday. Finally, JPMorgan Chase & Co. decreased their target price on Unum Group from $94.00 to $92.00 and set a “neutral” rating for the company in a research report on Tuesday, November 4th. Two equities research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $94.67.

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.