Unum Group $UNM Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its holdings in shares of Unum Group (NYSE:UNM) by 5.0% in the 3rd quarter, Holdings Channel reports. The firm owned 459,898 shares of the financial services provider’s stock after selling 24,181 shares during the quarter. Rhumbline Advisers’ holdings in Unum Group were worth $35,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Krilogy Financial LLC bought a new stake in shares of Unum Group during the 3rd quarter valued at about $304,000. Center for Financial Planning Inc. acquired a new position in Unum Group in the third quarter valued at approximately $81,000. Midwest Trust Co grew its holdings in shares of Unum Group by 7.9% during the third quarter. Midwest Trust Co now owns 3,168 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 233 shares during the last quarter. Prospera Financial Services Inc raised its position in shares of Unum Group by 8.4% during the 3rd quarter. Prospera Financial Services Inc now owns 20,515 shares of the financial services provider’s stock worth $1,597,000 after purchasing an additional 1,591 shares during the period. Finally, Profund Advisors LLC raised its position in shares of Unum Group by 8.3% during the 3rd quarter. Profund Advisors LLC now owns 3,497 shares of the financial services provider’s stock worth $272,000 after purchasing an additional 268 shares during the period. 86.57% of the stock is currently owned by institutional investors.

Unum Group Trading Up 1.2%

Unum Group stock opened at $71.64 on Friday. Unum Group has a 12-month low of $66.81 and a 12-month high of $84.48. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.37 and a quick ratio of 0.36. The stock has a market capitalization of $11.99 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 1.60 and a beta of 0.20. The firm has a 50 day simple moving average of $76.76 and a 200-day simple moving average of $75.13.

Unum Group (NYSE:UNM) last released its earnings results on Thursday, February 5th. The financial services provider reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.19). The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.29 billion. Unum Group had a return on equity of 12.62% and a net margin of 5.65%.The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the company earned $2.03 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, equities research analysts expect that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group declared that its board has authorized a share buyback plan on Thursday, December 4th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 8.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Unum Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, January 30th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Friday, January 30th. Unum Group’s payout ratio is presently 43.29%.

Insider Activity

In other news, EVP Steven Andrew Zabel sold 7,500 shares of Unum Group stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $76.38, for a total value of $572,850.00. Following the transaction, the executive vice president owned 113,807 shares of the company’s stock, valued at $8,692,578.66. The trade was a 6.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Walter Lynn Rice, Jr. sold 900 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $73.50, for a total transaction of $66,150.00. Following the sale, the chief accounting officer directly owned 8,940 shares of the company’s stock, valued at approximately $657,090. This represents a 9.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.92% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on UNM. Evercore ISI set a $103.00 price objective on Unum Group in a research report on Friday, February 6th. Barclays reaffirmed an “overweight” rating on shares of Unum Group in a report on Friday, February 6th. Jefferies Financial Group reissued a “buy” rating and set a $115.00 target price on shares of Unum Group in a research note on Monday, January 5th. Evercore set a $103.00 price target on shares of Unum Group in a research note on Friday, February 6th. Finally, Wells Fargo & Company boosted their price objective on Unum Group from $98.00 to $104.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $97.69.

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.