Kingsview Wealth Management LLC Lowers Stake in Unum Group $UNM

Kingsview Wealth Management LLC reduced its position in Unum Group (NYSE:UNM) by 85.8% in the third quarter, HoldingsChannel.com reports. The firm owned 5,076 shares of the financial services provider’s stock after selling 30,628 shares during the period. Kingsview Wealth Management LLC’s holdings in Unum Group were worth $395,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UNM. American Century Companies Inc. lifted its stake in shares of Unum Group by 5.4% during the 3rd quarter. American Century Companies Inc. now owns 523,866 shares of the financial services provider’s stock valued at $40,746,000 after buying an additional 26,864 shares in the last quarter. Argent Trust Co bought a new position in Unum Group in the 3rd quarter worth $2,996,000. Quantbot Technologies LP purchased a new stake in Unum Group in the 3rd quarter worth $1,754,000. Caitlin John LLC raised its holdings in Unum Group by 14.9% during the third quarter. Caitlin John LLC now owns 5,839 shares of the financial services provider’s stock valued at $454,000 after acquiring an additional 755 shares during the period. Finally, Handelsbanken Fonder AB raised its holdings in Unum Group by 22.9% during the third quarter. Handelsbanken Fonder AB now owns 49,907 shares of the financial services provider’s stock valued at $3,882,000 after acquiring an additional 9,300 shares during the period. 86.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on UNM shares. Zacks Research lowered Unum Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 25th. Barclays reissued an “overweight” rating on shares of Unum Group in a research note on Friday, February 6th. Weiss Ratings upgraded Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 26th. Wall Street Zen lowered shares of Unum Group from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Citigroup reiterated a “market perform” rating on shares of Unum Group in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $94.40.

Insider Activity at Unum Group

In other Unum Group news, Director Cynthia Egan sold 9,000 shares of Unum Group stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $73.00, for a total transaction of $657,000.00. Following the completion of the transaction, the director directly owned 42,846 shares of the company’s stock, valued at $3,127,758. The trade was a 17.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Walter Lynn Rice, Jr. sold 900 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer owned 8,940 shares in the company, valued at $657,090. This trade represents a 9.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 14,400 shares of company stock worth $1,049,760. Company insiders own 0.93% of the company’s stock.

Unum Group Stock Performance

Unum Group stock opened at $73.64 on Monday. The company’s 50-day moving average price is $75.34 and its 200-day moving average price is $75.45. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.34. The company has a market cap of $12.06 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 1.59 and a beta of 0.20. Unum Group has a twelve month low of $66.81 and a twelve month high of $84.48.

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

Unum Group Dividend Announcement

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

Unum Group declared that its Board of Directors has approved a stock repurchase plan on Thursday, December 4th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to purchase up to 8.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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.