Wellington Management Group LLP lessened its holdings in shares of Unum Group (NYSE:UNM – Free Report) by 21.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 287,512 shares of the financial services provider’s stock after selling 76,741 shares during the quarter. Wellington Management Group LLP’s holdings in Unum Group were worth $25,704,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. SHP Wealth Management purchased a new position in Unum Group during the 4th quarter valued at $25,000. MBM Wealth Consultants LLC purchased a new stake in shares of Unum Group in the 1st quarter worth about $29,000. Triumph Capital Management purchased a new stake in shares of Unum Group in the 3rd quarter worth about $31,000. Ancora Advisors LLC boosted its stake in shares of 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 purchasing an additional 339 shares in the last quarter. Finally, Nalls Sherbakoff Group LLC bought a new stake in shares of Unum Group during the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the stock. Wolfe Research decreased their price target on shares of Unum Group from $102.00 to $100.00 and set an “outperform” rating for the company in a research note on Monday, July 6th. Barclays upped their target price on Unum Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Atlantic Securities set a $88.00 price target on Unum Group in a research report on Wednesday, July 15th. Weiss Ratings upgraded Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Finally, Jefferies Financial Group raised their price objective on Unum Group from $117.00 to $123.00 and gave the company 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $99.42.
Unum Group Stock Down 0.7%
Shares of NYSE:UNM opened at $95.89 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $89.80 and a two-hundred day simple moving average of $83.01. Unum Group has a 12-month low of $69.02 and a 12-month high of $96.77. The stock has a market capitalization of $15.18 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 1.01 and a beta of 0.27.
Unum Group (NYSE:UNM – Get Free Report) last released its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 EPS for the quarter, hitting analysts’ consensus estimates of $2.16. The firm had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The company’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.92 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. On average, research analysts anticipate that Unum Group will post 8.64 earnings per share for the current fiscal year.
Unum Group Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 24th were issued a $0.505 dividend. This represents a $2.02 annualized dividend and a yield of 2.1%. This is a boost from Unum Group’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, July 24th. Unum Group’s dividend payout ratio is presently 47.09%.
Unum Group announced that its Board of Directors has authorized a stock buyback plan on Wednesday, August 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to reacquire up to 7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.
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.
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