Ameritas Advisory Services LLC bought a new position in shares of Unum Group (NYSE:UNM – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 8,231 shares of the financial services provider’s stock, valued at approximately $638,000.
Several other hedge funds and other institutional investors have also modified their holdings of UNM. Allianz Asset Management GmbH boosted its holdings in shares of Unum Group by 63.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 2,516,126 shares of the financial services provider’s stock worth $195,704,000 after buying an additional 978,937 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Unum Group by 35.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,339,289 shares of the financial services provider’s stock worth $181,622,000 after buying an additional 607,684 shares during the period. Two Sigma Investments LP boosted its holdings in Unum Group by 127.3% in the 3rd quarter. Two Sigma Investments LP now owns 864,485 shares of the financial services provider’s stock valued at $67,240,000 after purchasing an additional 484,107 shares during the period. Moore Capital Management LP boosted its holdings in Unum Group by 195.0% in the 3rd quarter. Moore Capital Management LP now owns 658,912 shares of the financial services provider’s stock valued at $51,250,000 after purchasing an additional 435,552 shares during the period. Finally, Swedbank AB boosted its holdings in Unum Group by 148.3% in the 4th quarter. Swedbank AB now owns 467,505 shares of the financial services provider’s stock valued at $36,232,000 after purchasing an additional 279,233 shares during the period. Institutional investors own 86.57% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have issued reports on the stock. Morgan Stanley cut their price objective on shares of Unum Group from $85.00 to $80.00 and set an “equal weight” rating for the company in a report on Tuesday, March 3rd. UBS Group boosted their price objective on shares of Unum Group from $81.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. JPMorgan Chase & Co. cut their price objective on shares of Unum Group from $92.00 to $90.00 and set a “neutral” rating for the company in a report on Friday, February 6th. Keefe, Bruyette & Woods reissued a “moderate buy” rating and issued a $95.00 price objective on shares of Unum Group in a report on Thursday, March 26th. Finally, Barclays reissued an “overweight” rating on shares of Unum Group in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Unum Group has a consensus rating of “Moderate Buy” and a consensus price target of $93.25.
Insider Activity
In other news, EVP Christopher W. Pyne sold 4,852 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $72.47, for a total transaction of $351,624.44. Following the completion of the transaction, the executive vice president owned 52,268 shares of the company’s stock, valued at approximately $3,787,861.96. This trade represents a 8.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy F. Keaney sold 4,500 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $72.58, for a total transaction of $326,610.00. Following the transaction, the director directly owned 38,592 shares of the company’s stock, valued at $2,801,007.36. The trade was a 10.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 33,852 shares of company stock valued at $2,552,414. 1.00% of the stock is currently owned by company insiders.
Unum Group Price Performance
Unum Group stock opened at $81.71 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $13.06 billion, a PE ratio of 17.76, a P/E/G ratio of 0.83 and a beta of 0.24. Unum Group has a 12 month low of $68.28 and a 12 month high of $83.13. The stock has a 50-day moving average price of $76.51 and a two-hundred day moving average price of $76.06.
Unum Group (NYSE:UNM – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.07. The company had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $2.91 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.86%.The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.04 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. Analysts expect that Unum Group will post 8.73 EPS for the current year.
Unum Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, April 24th. This represents a $1.84 annualized dividend and a dividend yield of 2.3%. Unum Group’s dividend payout ratio (DPR) is presently 40.00%.
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.
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