Fifth Third Bancorp Increases Stock Position in Unum Group $UNM

Fifth Third Bancorp grew its holdings in Unum Group (NYSE:UNM) by 3,508.7% during the 1st quarter, Holdings Channel reports. The firm owned 80,763 shares of the financial services provider’s stock after buying an additional 78,525 shares during the period. Fifth Third Bancorp’s holdings in Unum Group were worth $5,898,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of UNM. Laurel Wealth Advisors LLC acquired a new stake in Unum Group during the 4th quarter valued at $25,000. SHP Wealth Management purchased a new position in Unum Group during the fourth quarter worth $25,000. MBM Wealth Consultants LLC acquired a new position in shares of Unum Group in the first quarter worth $29,000. Triumph Capital Management acquired a new position in shares of Unum Group in the third quarter worth $31,000. Finally, Ancora Advisors LLC lifted its position in shares of Unum Group by 385.2% in the third 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. 86.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on UNM shares. Atlantic Securities set a $88.00 price objective on Unum Group in a research note on Wednesday. Zacks Research raised shares of Unum Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Keefe, Bruyette & Woods reissued a “moderate buy” rating and issued a $95.00 target price on shares of Unum Group in a research note on Thursday, March 26th. UBS Group set a $94.00 target price on shares of Unum Group in a report on Tuesday, July 7th. Finally, Evercore reiterated an “outperform” rating and set a $106.00 price target on shares of Unum Group in a report on Tuesday, July 7th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Unum Group has an average rating of “Moderate Buy” and an average price target of $97.25.

Unum Group Stock Up 0.4%

UNM opened at $89.38 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market capitalization of $14.28 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 0.90 and a beta of 0.25. The business has a 50-day moving average of $87.08 and a two-hundred day moving average of $79.66. Unum Group has a 12 month low of $68.28 and a 12 month high of $93.21.

Unum Group (NYSE:UNM) last announced its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.07. Unum Group had a net margin of 5.86% and a return on equity of 12.60%. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $2.91 billion. During the same period in the prior year, the firm posted $2.04 EPS. The company’s revenue was up 8.5% on a year-over-year basis. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. On average, research analysts expect that Unum Group will post 8.75 earnings per share for the current year.

Unum Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 24th will be paid a dividend of $0.505 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $2.02 annualized dividend and a dividend yield of 2.3%. This is a boost from Unum Group’s previous quarterly dividend of $0.46. Unum Group’s dividend payout ratio is presently 40.00%.

Insider Activity at Unum Group

In related news, EVP Elizabeth Claire Ahmed sold 12,000 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $80.14, for a total value of $961,680.00. Following the transaction, the executive vice president directly owned 42,587 shares of the company’s stock, valued at approximately $3,412,922.18. This trade represents a 21.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by insiders.

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.