Unum Group $UNM Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its stake in shares of Unum Group (NYSE:UNM) by 4.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 667,619 shares of the financial services provider’s stock after selling 29,394 shares during the period. JPMorgan Chase & Co.’s holdings in Unum Group were worth $51,927,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Algebris UK Ltd. lifted its stake in shares of Unum Group by 95.7% in the third quarter. Algebris UK Ltd. now owns 389,463 shares of the financial services provider’s stock worth $30,269,000 after acquiring an additional 190,454 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Unum Group by 53.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 69,128 shares of the financial services provider’s stock worth $5,376,000 after purchasing an additional 24,101 shares during the last quarter. Swedbank AB acquired a new position in shares of Unum Group in the 3rd quarter valued at approximately $14,644,000. Vest Financial LLC raised its position in shares of Unum Group by 5.5% in the 3rd quarter. Vest Financial LLC now owns 653,527 shares of the financial services provider’s stock valued at $50,831,000 after purchasing an additional 33,807 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of Unum Group by 63.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 2,516,126 shares of the financial services provider’s stock valued at $195,704,000 after buying an additional 978,937 shares during the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Unum Group

In other Unum Group news, Director Cynthia Egan sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $73.00, for a total transaction of $657,000.00. Following the transaction, the director owned 42,846 shares in the company, valued at approximately $3,127,758. This trade represents a 17.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy F. Keaney sold 4,500 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $72.58, for a total value of $326,610.00. Following the completion of the sale, the director owned 38,592 shares of the company’s stock, valued at $2,801,007.36. This trade represents a 10.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 14,400 shares of company stock worth $1,049,760 in the last three months. Insiders own 0.92% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on UNM shares. Citigroup restated a “market perform” rating on shares of Unum Group in a research note on Thursday, December 18th. UBS Group decreased their price objective on shares of Unum Group from $85.00 to $81.00 and set a “neutral” rating for the company in a report on Friday, February 20th. Evercore set a $103.00 target price on shares of Unum Group in a research report on Friday, February 6th. Morgan Stanley set a $85.00 price target on shares of Unum Group in a research report on Monday, December 15th. Finally, Wells Fargo & Company decreased their price target on Unum Group from $104.00 to $102.00 and set an “overweight” rating for the company in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $96.58.

Unum Group Stock Up 1.3%

Shares of Unum Group stock opened at $72.54 on Thursday. Unum Group has a twelve month low of $66.81 and a twelve month high of $84.48. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.34. The business’s 50 day simple moving average is $76.22 and its 200-day simple moving average is $75.26. The stock has a market capitalization of $11.88 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 1.60 and a beta of 0.20.

Unum Group (NYSE:UNM) last posted its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.19). The company 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% compared to the same quarter last year. During the same period in the previous year, the company earned $2.03 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Equities research analysts forecast that Unum Group will post 9.14 earnings per share for the current year.

Unum Group declared that its board has approved a share buyback program on Thursday, December 4th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 8.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Unum Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, January 30th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, January 30th. Unum Group’s payout ratio is 43.29%.

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.