Glenview Trust Co Invests $527,000 in Unum Group $UNM

Glenview Trust Co acquired a new position in shares of Unum Group (NYSE:UNM) in the 2nd quarter, Holdings Channel reports. The fund acquired 5,893 shares of the financial services provider’s stock, valued at approximately $527,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNM. Norges Bank acquired a new stake in Unum Group in the 4th quarter worth $1,108,919,000. Canada Pension Plan Investment Board bought a new stake in shares of Unum Group in the second quarter valued at about $84,097,000. Zurich Insurance Group Ltd FI acquired a new stake in Unum Group during the fourth quarter worth about $58,860,000. Alyeska Investment Group L.P. increased its stake in Unum Group by 365.3% during the fourth quarter. Alyeska Investment Group L.P. now owns 930,534 shares of the financial services provider’s stock valued at $72,116,000 after acquiring an additional 730,534 shares during the period. Finally, Donald Smith & CO. Inc. bought a new stake in shares of Unum Group in the 2nd quarter worth approximately $58,064,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on UNM shares. Weiss Ratings upgraded Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Wells Fargo & Company increased their target price on Unum Group from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Keefe, Bruyette & Woods decreased their price target on Unum Group from $110.00 to $108.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. UBS Group set a $94.00 price objective on Unum Group in a research note on Tuesday, July 7th. Finally, Wolfe Research cut their price objective on Unum Group from $102.00 to $100.00 and set an “outperform” rating for the company in a report on Monday, July 6th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $99.42.

Unum Group Price Performance

Unum Group stock opened at $93.16 on Friday. The stock has a market cap of $14.75 billion, a price-to-earnings ratio of 21.72, a P/E/G ratio of 0.98 and a beta of 0.26. Unum Group has a 12-month low of $68.70 and a 12-month high of $94.55. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.35. The business’s 50-day simple moving average is $89.40 and its 200 day simple moving average is $82.23.

Unum Group (NYSE:UNM) last released its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.16. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $2.90 billion. Unum Group had a net margin of 5.26% and a return on equity of 12.60%. The company’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.92 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, research analysts anticipate that Unum Group will post 8.64 earnings per share for the current year.

Unum Group Increases Dividend

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

Unum Group announced that its Board of Directors has approved a stock repurchase plan on Wednesday, August 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Unum Group Company 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.