Russell Investments Group Ltd. increased its holdings in Unum Group (NYSE:UNM – Free Report) by 33.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,823 shares of the financial services provider’s stock after purchasing an additional 46,305 shares during the quarter. Russell Investments Group Ltd. owned 0.12% of Unum Group worth $16,434,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Laurel Wealth Advisors LLC acquired a new stake in shares of Unum Group during the 4th quarter valued at $25,000. SHP Wealth Management bought a new stake in shares of Unum Group during the 4th quarter worth $25,000. MBM Wealth Consultants LLC acquired a new position in shares of Unum Group in the 1st quarter worth $29,000. Triumph Capital Management acquired a new stake in shares of Unum Group during the third quarter worth $31,000. Finally, Ancora Advisors LLC raised its position in shares of Unum Group by 385.2% during the third quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 339 shares during the period. 86.57% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
UNM has been the subject of several analyst reports. UBS Group set a $94.00 target price on Unum Group in a report on Tuesday, July 7th. Barclays boosted their price objective on Unum Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. JPMorgan Chase & Co. reduced their price objective on shares of Unum Group from $101.00 to $98.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Weiss Ratings upgraded shares of Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Finally, Jefferies Financial Group lifted their target price on shares of Unum Group from $117.00 to $123.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $99.00.
Unum Group Price Performance
UNM opened at $93.41 on Friday. The firm has a market capitalization of $14.79 billion, a P/E ratio of 21.77, a PEG ratio of 0.99 and a beta of 0.26. The stock has a fifty day moving average of $89.51 and a 200-day moving average of $81.26. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.35. Unum Group has a 12-month low of $68.28 and a 12-month high of $94.55.
Unum Group (NYSE:UNM – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.16. The business had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $2.90 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.Unum Group’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.92 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Equities analysts forecast that Unum Group will post 8.65 EPS for the current fiscal year.
Unum Group Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 24th were given a dividend of $0.505 per share. This represents a $2.02 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, July 24th. This is a boost from Unum Group’s previous quarterly dividend of $0.46. Unum Group’s dividend payout ratio is 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.
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