Nordea Investment Management AB Has $83.86 Million Stock Holdings in Unum Group $UNM

Nordea Investment Management AB trimmed its stake in shares of Unum Group (NYSE:UNM) by 24.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,078,811 shares of the financial services provider’s stock after selling 342,118 shares during the quarter. Nordea Investment Management AB owned about 0.64% of Unum Group worth $83,856,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of UNM. OneDigital Investment Advisors LLC lifted its stake in shares of Unum Group by 4.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,484 shares of the financial services provider’s stock worth $271,000 after buying an additional 141 shares during the last quarter. NDVR Inc. raised its holdings in Unum Group by 3.3% in the 2nd quarter. NDVR Inc. now owns 4,526 shares of the financial services provider’s stock valued at $366,000 after acquiring an additional 145 shares during the period. True Wealth Design LLC raised its holdings in Unum Group by 36.2% in the 3rd quarter. True Wealth Design LLC now owns 587 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 156 shares during the period. Arizona State Retirement System raised its holdings in Unum Group by 0.3% in the 3rd quarter. Arizona State Retirement System now owns 49,017 shares of the financial services provider’s stock valued at $3,813,000 after acquiring an additional 160 shares during the period. Finally, Vermillion & White Wealth Management Group LLC raised its holdings in Unum Group by 44.0% in 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 acquiring an additional 164 shares during the period. 86.57% of the stock is owned by institutional investors.

Unum Group Stock Up 1.0%

Shares of UNM opened at $73.26 on Tuesday. Unum Group has a 12 month low of $66.81 and a 12 month high of $84.48. The firm’s 50 day moving average is $74.12 and its 200-day moving average is $75.68. The stock has a market capitalization of $12.00 billion, a PE ratio of 17.24, a P/E/G ratio of 1.57 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.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.92 earnings per share (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 the consensus estimate of $3.29 billion. Unum Group had a net margin of 5.65% and a return on equity of 12.62%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $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 EPS for the current year.

Unum Group Announces Dividend

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

Unum Group announced that its Board of Directors has authorized a share buyback program on Thursday, December 4th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to reacquire up to 8.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

UNM has been the subject of a number of research analyst reports. Barclays restated an “overweight” rating on shares of Unum Group in a report on Friday, February 6th. Wells Fargo & Company lowered their target price on Unum Group from $104.00 to $102.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. Jefferies Financial Group reissued a “buy” rating and set a $115.00 price target on shares of Unum Group in a report on Monday, January 5th. Weiss Ratings raised Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 26th. Finally, UBS Group lowered their price objective on Unum Group from $85.00 to $81.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Unum Group currently has an average rating of “Moderate Buy” and an average price target of $94.40.

Insider Buying and Selling

In related news, EVP Lisa G. Iglesias sold 3,500 shares of the company’s stock in a transaction dated 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 owned 29,453 shares of the company’s stock, valued at $2,150,069. This represents a 10.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Christopher W. Pyne sold 4,852 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $72.47, for a total transaction of $351,624.44. Following the sale, the executive vice president owned 52,268 shares in the company, valued at $3,787,861.96. The trade was a 8.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 21,852 shares of company stock valued at $1,590,734. Company insiders own 0.93% of the company’s stock.

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.