12,971 Shares in Unum Group $UNM Purchased by Redwood Investment Management LLC

Redwood Investment Management LLC bought a new stake in Unum Group (NYSE:UNM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,971 shares of the financial services provider’s stock, valued at approximately $1,160,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UNM. Proficio Capital Partners LLC purchased a new position in Unum Group during the second quarter worth about $266,000. Corient Private Wealth LP purchased a new stake in shares of Unum Group during the 2nd quarter worth $12,064,000. Bank of America Corp DE purchased a new stake in shares of Unum Group during the 2nd quarter worth $55,273,000. Freestone Grove Partners LP acquired a new position in shares of Unum Group during the 2nd quarter worth $49,065,000. Finally, Caisse de depot et placement du Quebec acquired a new position in shares of Unum Group during the 2nd quarter worth $9,655,000. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on UNM. Morgan Stanley raised their price objective on shares of Unum Group from $87.00 to $92.00 and gave the company an “equal weight” rating in a research note on Monday. Truist Financial upped their target price on shares of Unum Group from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Barclays increased their target price on shares of Unum Group from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Jefferies Financial Group lifted their price target on Unum Group from $117.00 to $123.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, UBS Group set a $94.00 price target on shares of Unum Group in a report on Tuesday, July 7th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $99.42.

Unum Group Price Performance

UNM stock opened at $91.45 on Thursday. The stock’s fifty day simple moving average is $89.29 and its 200-day simple moving average is $82.03. 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 52-week low of $68.70 and a 52-week high of $94.55. The stock has a market capitalization of $14.48 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 0.95 and a beta of 0.26.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $2.16 EPS for the quarter, meeting the consensus estimate of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the business earned $1.92 EPS. The firm’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. Equities research analysts expect that Unum Group will post 8.64 EPS for the current year.

Unum Group Increases Dividend

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

Unum Group announced that its Board of Directors has authorized a stock buyback program on Wednesday, August 26th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

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.