Total Wealth Planning & Management Inc. Buys Shares of 7,988 Unum Group $UNM

Total Wealth Planning & Management Inc. purchased a new position in shares of Unum Group (NYSE:UNM) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 7,988 shares of the financial services provider’s stock, valued at approximately $619,000.

Several other hedge funds have also made changes to their positions in UNM. Norges Bank acquired a new stake in shares of Unum Group during the fourth quarter worth about $1,108,919,000. AQR Capital Management LLC lifted its position in shares of Unum Group by 35.1% during the third quarter. AQR Capital Management LLC now owns 2,339,289 shares of the financial services provider’s stock worth $181,622,000 after purchasing an additional 607,684 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of Unum Group by 127.3% during the third quarter. Two Sigma Investments LP now owns 864,485 shares of the financial services provider’s stock worth $67,240,000 after purchasing an additional 484,107 shares in the last quarter. Moore Capital Management LP lifted its position in shares of Unum Group by 195.0% during the third quarter. Moore Capital Management LP now owns 658,912 shares of the financial services provider’s stock worth $51,250,000 after purchasing an additional 435,552 shares in the last quarter. Finally, Algebris UK Ltd. lifted its position in shares of Unum Group by 79.7% during the fourth quarter. Algebris UK Ltd. now owns 699,806 shares of the financial services provider’s stock worth $54,260,000 after purchasing an additional 310,343 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analyst Ratings Changes

UNM has been the topic of several research reports. JPMorgan Chase & Co. reduced their price target on shares of Unum Group from $92.00 to $90.00 and set a “neutral” rating on the stock in a research report on Friday, February 6th. Bank of America reduced their price target on shares of Unum Group from $83.00 to $77.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings upgraded shares of Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Wall Street Zen upgraded shares of Unum Group from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Barclays restated an “overweight” rating on shares of Unum Group in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.83.

Insider Buying and Selling

In other Unum Group news, 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 value of $255,500.00. Following the transaction, the executive vice president directly owned 29,453 shares in the company, valued at $2,150,069. This represents a 10.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Christopher W. Pyne sold 4,852 shares of the stock in a transaction that occurred 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 in the company, valued at $3,787,861.96. This represents a 8.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 20,352 shares of company stock worth $1,568,804. Company insiders own 1.00% of the company’s stock.

Unum Group Stock Up 1.8%

UNM stock opened at $84.99 on Friday. The company’s 50 day moving average price is $79.43 and its 200 day moving average price is $76.82. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.35 and a current ratio of 0.35. Unum Group has a fifty-two week low of $68.28 and a fifty-two week high of $85.39. The firm has a market capitalization of $13.58 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 0.85 and a beta of 0.24.

Unum Group (NYSE:UNM) last released its earnings results on Tuesday, April 28th. The financial services provider reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.07. Unum Group had a net margin of 5.86% and a return on equity of 12.60%. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $2.91 billion. During the same period in the prior year, the firm earned $2.04 earnings per share. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. On average, equities research analysts anticipate that Unum Group will post 8.76 EPS for the current fiscal year.

Unum Group Announces Dividend

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