Mitsubishi UFJ Trust & Banking Corp Sells 18,982 Shares of Unum Group $UNM

Mitsubishi UFJ Trust & Banking Corp decreased its position in Unum Group (NYSE:UNM) by 66.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 9,736 shares of the financial services provider’s stock after selling 18,982 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Unum Group were worth $870,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Unum Group in the fourth quarter valued at about $1,108,919,000. Zurich Insurance Group Ltd FI bought a new position in shares of Unum Group during the fourth quarter worth about $58,860,000. Alyeska Investment Group L.P. raised its position in Unum Group by 365.3% in the 4th quarter. Alyeska Investment Group L.P. now owns 930,534 shares of the financial services provider’s stock valued at $72,116,000 after buying an additional 730,534 shares during the last quarter. AQR Capital Management LLC raised its position in Unum Group by 35.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,339,289 shares of the financial services provider’s stock valued at $181,622,000 after buying an additional 607,684 shares during the last quarter. Finally, Two Sigma Investments LP lifted its stake in Unum Group by 127.3% in the 3rd quarter. Two Sigma Investments LP now owns 864,485 shares of the financial services provider’s stock valued at $67,240,000 after acquiring an additional 484,107 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Evercore reaffirmed an “outperform” rating and set a $106.00 price target on shares of Unum Group in a research report on Tuesday, July 7th. JPMorgan Chase & Co. lowered their price objective on shares of Unum Group from $101.00 to $98.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Wells Fargo & Company lifted their price objective on shares of Unum Group from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Keefe, Bruyette & Woods cut their price objective on shares of Unum Group from $110.00 to $108.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Finally, Truist Financial increased their target price on shares of Unum Group from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Unum Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.00.

Unum Group Price Performance

NYSE:UNM opened at $93.41 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 0.34. The stock’s 50-day simple moving average is $89.51 and its 200 day simple moving average is $81.26. The company has a market cap of $14.79 billion, a P/E ratio of 21.77, a P/E/G ratio of 0.99 and a beta of 0.26. Unum Group has a 52-week low of $68.28 and a 52-week high of $94.55.

Unum Group (NYSE:UNM) last released its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the company posted $1.92 earnings per share. Unum Group’s revenue was up .3% on a year-over-year basis. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, sell-side analysts forecast that Unum Group will post 8.65 EPS for the current fiscal year.

Unum Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 24th were paid a dividend of $0.505 per share. The ex-dividend date was Friday, July 24th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from Unum Group’s previous quarterly dividend of $0.46. Unum Group’s dividend payout ratio (DPR) is currently 47.09%.

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.