Calydon Capital Trims Holdings in Unum Group $UNM

Calydon Capital lowered its stake in shares of Unum Group (NYSE:UNM) by 29.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 85,516 shares of the financial services provider’s stock after selling 35,163 shares during the period. Calydon Capital owned 0.05% of Unum Group worth $6,651,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in UNM. Algebris UK Ltd. increased its stake in shares of 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 last quarter. State of Alaska Department of Revenue boosted its position in shares of Unum Group by 53.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 69,128 shares of the financial services provider’s stock valued at $5,376,000 after acquiring an additional 24,101 shares during the last quarter. Swedbank AB purchased a new stake in shares of Unum Group in the third quarter valued at about $14,644,000. Allianz Asset Management GmbH grew its holdings in shares of Unum Group by 63.7% in the third quarter. Allianz Asset Management GmbH now owns 2,516,126 shares of the financial services provider’s stock valued at $195,704,000 after purchasing an additional 978,937 shares during the period. Finally, Vest Financial LLC increased its position in Unum Group by 5.5% during the third quarter. Vest Financial LLC now owns 653,527 shares of the financial services provider’s stock worth $50,831,000 after purchasing an additional 33,807 shares during the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Unum Group Stock Down 0.8%

Shares of UNM opened at $72.14 on Friday. The company’s 50-day moving average price is $74.82 and its 200 day moving average price is $75.52. Unum Group has a 12-month low of $66.81 and a 12-month high of $84.48. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.34. The firm has a market cap of $11.81 billion, a P/E ratio of 16.97, a price-to-earnings-growth ratio of 1.56 and a beta of 0.20.

Unum Group (NYSE:UNM) last announced its earnings results on Thursday, February 5th. The financial services provider reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.19). Unum Group had a return on equity of 12.62% and a net margin of 5.65%.The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same period last year, the business earned $2.03 EPS. The company’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. On average, sell-side analysts forecast that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, January 30th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, January 30th. Unum Group’s dividend payout ratio is currently 43.29%.

Unum Group announced that its board has initiated a stock buyback plan on Thursday, December 4th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 8.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts have commented on UNM shares. Zacks Research downgraded shares of Unum Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 25th. UBS Group dropped their price target on shares of Unum Group from $85.00 to $81.00 and set a “neutral” rating for the company in a research note on Friday, February 20th. Weiss Ratings upgraded shares of Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 26th. Wells Fargo & Company reduced their price target on shares of Unum Group from $104.00 to $102.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. decreased their price objective on Unum Group from $92.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.40.

Insider Buying and Selling

In other Unum Group news, EVP Lisa G. Iglesias sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $73.00, for a total value of $255,500.00. Following the sale, the executive vice president owned 29,453 shares of the company’s stock, valued at $2,150,069. The trade was a 10.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy F. Keaney sold 4,500 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $72.58, for a total value of $326,610.00. Following the transaction, the director owned 38,592 shares in the company, valued at $2,801,007.36. This trade represents a 10.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 17,000 shares of company stock valued at $1,239,110. Company insiders own 0.92% of the company’s stock.

Unum Group Profile

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.