Unum Group $UNM Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC trimmed its stake in shares of Unum Group (NYSE:UNM) by 6.8% during the second quarter, HoldingsChannel reports. The fund owned 390,340 shares of the financial services provider’s stock after selling 28,492 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Unum Group were worth $34,896,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB raised its stake in shares of Unum Group by 6.7% in the 2nd quarter. Handelsbanken Fonder AB now owns 41,207 shares of the financial services provider’s stock valued at $3,684,000 after purchasing an additional 2,600 shares in the last quarter. Valeo Financial Advisors LLC bought a new position in shares of Unum Group during the second quarter worth about $252,000. Gradient Investments LLC acquired a new position in Unum Group in the second quarter worth about $1,600,000. PensionDanmark Pensionsforsikringsaktieselskab grew its stake in Unum Group by 5.8% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 49,243 shares of the financial services provider’s stock worth $4,402,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Unum Group by 84.5% in the second quarter. Assenagon Asset Management S.A. now owns 427,364 shares of the financial services provider’s stock valued at $38,206,000 after buying an additional 195,778 shares during the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Unum Group Price Performance

Shares of NYSE:UNM opened at $89.88 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.35. Unum Group has a fifty-two week low of $68.28 and a fifty-two week high of $93.21. The firm has a 50-day simple moving average of $89.06 and a 200 day simple moving average of $80.95. The company has a market cap of $14.23 billion, a PE ratio of 20.95, a P/E/G ratio of 0.96 and a beta of 0.26.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.16. Unum Group had a net margin of 5.26% and a return on equity of 12.60%. The firm had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter last year, the company posted $1.92 earnings per share. Unum Group’s revenue was up .3% on a year-over-year basis. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. On average, sell-side analysts anticipate that Unum Group will post 8.66 EPS for the current year.

Unum Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 24th will be issued a $0.505 dividend. This is a positive change from Unum Group’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, July 24th. This represents a $2.02 annualized dividend and a dividend yield of 2.2%. Unum Group’s dividend payout ratio (DPR) is 47.09%.

Key Headlines Impacting Unum Group

Here are the key news stories impacting Unum Group this week:

• Positive Sentiment: Zacks raised its Q3 2027 EPS estimate to $2.46 from $2.39 and its Q4 2027 estimate to $2.42 from $2.36, indicating improved expectations for the second half of 2027.
• Neutral Sentiment: Zacks’ current estimates imply full-year EPS of $8.64 for 2026, $9.41 for 2027 and $10.32 for 2028. The 2026 forecast remains close to the broader consensus estimate of $8.66, while the analyst still expects earnings to grow in subsequent years.
• Negative Sentiment: Zacks reduced estimates for several periods, including Q3 2026 EPS to $2.18 from $2.21, Q4 2026 to $2.16 from $2.21, Q1 2027 to $2.20 from $2.26, Q2 2027 to $2.33 from $2.53, FY2027 to $9.41 from $9.54, Q2 2028 to $2.58 from $2.78 and FY2028 to $10.32 from $10.50.
• Negative Sentiment: The largest reductions affect Q2 2027 and Q2 2028, which may raise concerns about the pace of Unum’s earnings momentum and weigh on valuation, particularly with the stock trading near its 52-week high.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Evercore restated an “outperform” rating and set a $106.00 price objective on shares of Unum Group in a research note on Tuesday, July 7th. JPMorgan Chase & Co. decreased their target price on Unum Group from $101.00 to $98.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Truist Financial boosted their price target on Unum Group from $88.00 to $96.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Jefferies Financial Group upped their price target on Unum Group from $117.00 to $123.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Bank of America dropped their price target 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. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Unum Group has a consensus rating of “Moderate Buy” and a consensus price target of $99.00.

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.