Unum Group $UNM Stock Holdings Increased by Prospector Partners LLC

Prospector Partners LLC boosted its stake in shares of Unum Group (NYSE:UNM) by 44.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 171,290 shares of the financial services provider’s stock after purchasing an additional 52,606 shares during the period. Unum Group comprises approximately 1.6% of Prospector Partners LLC’s holdings, making the stock its 24th largest position. Prospector Partners LLC’s holdings in Unum Group were worth $13,323,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Algebris UK Ltd. raised its holdings in Unum Group by 95.7% in the 3rd quarter. Algebris UK Ltd. now owns 389,463 shares of the financial services provider’s stock worth $30,269,000 after acquiring an additional 190,454 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Unum Group by 53.5% in the third quarter. State of Alaska Department of Revenue now owns 69,128 shares of the financial services provider’s stock worth $5,376,000 after purchasing an additional 24,101 shares during the period. Swedbank AB acquired a new position in shares of Unum Group during the 3rd quarter worth about $14,644,000. Strs Ohio lifted its position in shares of Unum Group by 12.2% during the 2nd quarter. Strs Ohio now owns 44,360 shares of the financial services provider’s stock worth $3,583,000 after purchasing an additional 4,814 shares during the last quarter. Finally, Vest Financial LLC boosted its stake in Unum Group by 5.5% during the 3rd quarter. Vest Financial LLC now owns 653,527 shares of the financial services provider’s stock valued at $50,831,000 after purchasing an additional 33,807 shares during the period. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Evercore set a $103.00 price target on Unum Group in a report on Friday, February 6th. Morgan Stanley set a $85.00 price target on shares of Unum Group in a report on Monday, December 15th. Jefferies Financial Group restated a “buy” rating and issued a $115.00 price target on shares of Unum Group in a research report on Monday, January 5th. Citigroup restated a “market perform” rating on shares of Unum Group in a report on Thursday, December 18th. Finally, JPMorgan Chase & Co. decreased their target price on Unum Group from $92.00 to $90.00 and set a “neutral” rating on the stock in a research report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.25.

Insider Activity

In other Unum Group news, CAO Walter Lynn Rice, Jr. sold 900 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $73.50, for a total value of $66,150.00. Following the transaction, the chief accounting officer directly owned 8,940 shares in the company, valued at $657,090. The trade was a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.92% of the stock is owned by company insiders.

Unum Group Stock Up 0.5%

NYSE UNM opened at $73.25 on Thursday. Unum Group has a 1-year low of $66.81 and a 1-year high of $84.48. The company has a market capitalization of $12.26 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.63 and a beta of 0.20. The stock’s 50 day moving average is $76.70 and its two-hundred day moving average is $75.17. The company has a current ratio of 0.37, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34.

Unum Group (NYSE:UNM) last posted its earnings results on Thursday, February 5th. The financial services provider reported $1.92 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.19). The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.29 billion. Unum Group had a return on equity of 12.62% and a net margin of 5.65%.During the same quarter last year, the business earned $2.03 EPS. Unum Group’s quarterly revenue was up .2% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Equities analysts forecast that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, January 30th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a $1.84 annualized dividend and a dividend yield of 2.5%. Unum Group’s dividend payout ratio is presently 43.29%.

Unum Group declared that its Board of Directors has approved a stock repurchase program on Thursday, December 4th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to repurchase up to 8.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

About Unum Group

Unum Group (NYSE: UNM) is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.

In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.