Norges Bank Invests $1.11 Billion in Unum Group $UNM

Norges Bank acquired a new position in Unum Group (NYSE:UNM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 14,308,628 shares of the financial services provider’s stock, valued at approximately $1,108,919,000. Norges Bank owned approximately 0.09% of Unum Group as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new stake in shares of Unum Group in the 4th quarter valued at about $25,000. Triumph Capital Management purchased a new position in shares of Unum Group in the third quarter worth about $31,000. Ancora Advisors LLC increased its holdings in shares of Unum Group by 385.2% in the third quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock worth $33,000 after buying an additional 339 shares during the period. Danske Bank A S purchased a new position in Unum Group during the 3rd quarter valued at about $47,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Unum Group during the 4th quarter valued at about $48,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Wall Street Analyst Weigh In

UNM has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods restated a “moderate buy” rating and set a $95.00 price target on shares of Unum Group in a report on Thursday, March 26th. Morgan Stanley lifted their price objective on Unum Group from $80.00 to $87.00 and gave the company an “equal weight” rating in a research report on Thursday, May 21st. Bank of America cut their price objective on Unum Group from $83.00 to $77.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. UBS Group lifted their price objective on Unum Group from $81.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Finally, JPMorgan Chase & Co. reduced their price target on Unum Group from $92.00 to $90.00 and set a “neutral” rating for the company in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $93.83.

Unum Group Stock Up 1.0%

UNM stock opened at $83.24 on Friday. Unum Group has a fifty-two week low of $68.28 and a fifty-two week high of $85.27. The business’s 50-day moving average is $78.56 and its two-hundred day moving average is $76.63. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.35 and a current ratio of 0.35. The company has a market cap of $13.30 billion, a price-to-earnings ratio of 18.10, a P/E/G ratio of 0.84 and a beta of 0.24.

Unum Group (NYSE:UNM) last posted its earnings results on Tuesday, April 28th. The financial services provider reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.07. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $2.91 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.86%.Unum Group’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.04 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. As a group, analysts forecast that Unum Group will post 8.76 earnings per share for the current year.

Unum Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were given a dividend of $0.46 per share. The ex-dividend date was Friday, April 24th. This represents a $1.84 annualized dividend and a yield of 2.2%. Unum Group’s payout ratio is 40.00%.

Insider Activity at Unum Group

In related news, EVP Lisa G. Iglesias sold 3,500 shares of Unum Group stock in a transaction on Monday, March 9th. The stock was sold at an average price of $73.00, for a total transaction of $255,500.00. Following the transaction, the executive vice president directly owned 29,453 shares in the company, valued at approximately $2,150,069. The trade was a 10.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher W. Pyne sold 4,852 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $72.47, for a total value of $351,624.44. Following the completion of the sale, the executive vice president owned 52,268 shares of the company’s stock, valued at $3,787,861.96. The trade was a 8.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 20,352 shares of company stock worth $1,568,804. Corporate insiders own 1.00% 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.