JPMorgan Chase & Co. Cuts Stake in Unum Group $UNM

JPMorgan Chase & Co. cut its stake in Unum Group (NYSE:UNM) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 667,619 shares of the financial services provider’s stock after selling 29,394 shares during the period. JPMorgan Chase & Co. owned approximately 0.40% of Unum Group worth $51,927,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of UNM. Triumph Capital Management purchased a new position in Unum Group during the third quarter worth approximately $31,000. Ancora Advisors LLC boosted its holdings in shares of Unum Group by 385.2% in the 3rd quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 339 shares during the last quarter. Vermillion & White Wealth Management Group LLC grew its stake in shares of Unum Group by 44.0% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 537 shares of the financial services provider’s stock valued at $43,000 after buying an additional 164 shares during the period. True Wealth Design LLC grew its stake in shares of Unum Group by 36.2% during the 3rd quarter. True Wealth Design LLC now owns 587 shares of the financial services provider’s stock valued at $46,000 after buying an additional 156 shares during the period. Finally, SJS Investment Consulting Inc. increased its holdings in shares of Unum Group by 2,350.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 588 shares of the financial services provider’s stock worth $46,000 after buying an additional 564 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Insider Buying and Selling

In other Unum Group news, Director Timothy F. Keaney sold 4,500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director owned 38,592 shares in the company, valued at $2,801,007.36. This represents a 10.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lisa G. Iglesias sold 3,500 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $73.00, for a total transaction of $255,500.00. Following the completion of the sale, the executive vice president directly owned 29,453 shares of the company’s stock, valued at $2,150,069. This trade represents a 10.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 21,852 shares of company stock valued at $1,590,734. Insiders own 0.92% of the company’s stock.

Unum Group Stock Down 0.6%

Shares of Unum Group stock opened at $72.49 on Friday. Unum Group has a twelve month low of $66.81 and a twelve month high of $84.48. The stock has a market cap of $11.87 billion, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 1.58 and a beta of 0.20. 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 company has a fifty day moving average price of $74.25 and a 200 day moving average price of $75.62.

Unum Group (NYSE:UNM) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $3.29 billion. Unum Group had a net margin of 5.65% and a return on equity of 12.62%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the business earned $2.03 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Equities research analysts forecast that Unum Group will post 9.14 earnings per share for the current fiscal year.

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

Unum Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, January 30th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a $1.84 annualized dividend and a yield of 2.5%. Unum Group’s payout ratio is 43.29%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on UNM. Zacks Research lowered Unum Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 25th. Citigroup restated a “market perform” rating on shares of Unum Group in a research note on Thursday, December 18th. JPMorgan Chase & Co. cut 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. Morgan Stanley reduced their price objective on Unum Group from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 3rd. Finally, UBS Group decreased their target price on Unum Group from $85.00 to $81.00 and set a “neutral” rating for the company in a report on Friday, February 20th. One 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 company’s stock. Based on data from MarketBeat.com, Unum Group presently has a consensus rating of “Moderate Buy” and an average target price of $94.40.

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.