Global Retirement Partners LLC Buys 6,682 Shares of Unum Group $UNM

Global Retirement Partners LLC raised its stake in shares of Unum Group (NYSE:UNM) by 118.6% during the fourth quarter, Holdings Channel reports. The firm owned 12,317 shares of the financial services provider’s stock after buying an additional 6,682 shares during the quarter. Global Retirement Partners LLC’s holdings in Unum Group were worth $955,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in UNM. Laurel Wealth Advisors LLC purchased a new position in shares of Unum Group during the fourth quarter valued at about $25,000. Triumph Capital Management purchased a new stake in Unum Group in the third quarter worth about $31,000. Ancora Advisors LLC boosted its position in Unum Group by 385.2% during the 3rd quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 339 shares in the last quarter. Danske Bank A S bought a new stake in Unum Group during the 3rd quarter valued at approximately $47,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Unum Group during the 4th quarter worth approximately $48,000. 86.57% of the stock is currently owned by institutional investors.

Unum Group Stock Performance

Unum Group stock opened at $84.55 on Tuesday. Unum Group has a twelve month low of $68.28 and a twelve month high of $85.27. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $13.51 billion, a P/E ratio of 18.38, a PEG ratio of 0.86 and a beta of 0.24. The stock’s 50 day moving average is $77.78 and its 200 day moving average is $76.45.

Unum Group (NYSE:UNM) last announced its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.07. Unum Group had a return on equity of 12.60% and a net margin of 5.86%.The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $2.91 billion. During the same quarter in the previous year, the business earned $2.04 earnings per share. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. On average, equities research analysts predict that Unum Group will post 8.74 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were paid a $0.46 dividend. The ex-dividend date was Friday, April 24th. This represents a $1.84 dividend on an annualized basis and a yield of 2.2%. Unum Group’s payout ratio is presently 40.00%.

Insider Buying and Selling

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 12,000 shares of Unum Group stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $80.14, for a total value of $961,680.00. Following the completion of the transaction, the executive vice president directly owned 42,587 shares of the company’s stock, valued at approximately $3,412,922.18. The trade was a 21.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lisa G. Iglesias sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $73.00, for a total transaction of $255,500.00. Following the completion of the transaction, the executive vice president owned 29,453 shares in the company, valued at approximately $2,150,069. This represents a 10.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 20,352 shares of company stock worth $1,568,804 in the last quarter. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

UNM has been the subject of several research reports. Evercore set a $103.00 target price on Unum Group in a research report on Friday, February 6th. Wells Fargo & Company upped their price target on Unum Group from $99.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Zacks Research upgraded Unum Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. UBS Group raised their price objective on Unum Group from $81.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Finally, Truist Financial boosted their target price on shares of Unum Group from $88.00 to $96.00 and gave the company a “buy” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.83.

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.