VIRGINIA RETIREMENT SYSTEMS ET Al decreased its position in shares of Unum Group (NYSE:UNM – Free Report) by 94.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 12,020 shares of the financial services provider’s stock after selling 190,396 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Unum Group were worth $1,055,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of UNM. Childress Capital Advisors LLC lifted its stake in shares of Unum Group by 4.7% during the 3rd quarter. Childress Capital Advisors LLC now owns 3,309 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 148 shares during the period. BOKF NA boosted its position in shares of Unum Group by 1.4% in the third quarter. BOKF NA now owns 26,167 shares of the financial services provider’s stock worth $2,296,000 after acquiring an additional 368 shares during the last quarter. North Dakota State Investment Board grew its holdings in Unum Group by 159.1% in the third quarter. North Dakota State Investment Board now owns 12,800 shares of the financial services provider’s stock valued at $1,123,000 after purchasing an additional 7,860 shares during the period. VestGen Advisors LLC raised its stake in Unum Group by 7.2% during the third quarter. VestGen Advisors LLC now owns 2,737 shares of the financial services provider’s stock worth $240,000 after purchasing an additional 183 shares during the period. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of Unum Group in the 3rd quarter valued at $29,000. 86.57% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, CAO Lynn Jr sold 2,188 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $94.31, for a total transaction of $206,350.28. Following the completion of the transaction, the chief accounting officer owned 8,154 shares of the company’s stock, valued at $769,003.74. This trade represents a 21.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Lisa Iglesias sold 4,000 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $94.44, for a total transaction of $377,760.00. Following the completion of the sale, the executive vice president owned 25,453 shares in the company, valued at approximately $2,403,781.32. This trade represents a 13.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 10,488 shares of company stock worth $988,396 over the last 90 days. 1.00% of the stock is currently owned by company insiders.
Trending Headlines about Unum Group
Here are the key news stories impacting Unum Group this week:
- Positive Sentiment: Unum completed a $3.8 billion long-term-care reinsurance transaction with Fortitude Re, which may reduce its exposure to long-term-care risks. Fortitude Re closes $3.8B long-term care reinsurance deal with Unum
- Positive Sentiment: Adjusted third-quarter EPS of $2.20 topped estimates, with premium growth and investment income helping offset elevated disability claims. UNM Q3 Earnings Beat Estimates on Premium Growth and Investment Income
- Neutral Sentiment: KBW, Truist, and Barclays cut their price targets, but retained positive ratings—outperform, buy, and overweight, respectively—suggesting analysts still see potential upside.
- Negative Sentiment: The quarter included a reported net loss of $419.7 million, while revenue was reported below analysts’ expectations. Elevated disability claims also weighed on results, overshadowing the adjusted EPS beat. Unum Group Q3 loss and reinsurance deal
- Negative Sentiment: Unum disclosed an SEC comment-letter process and a reserve-methodology change; shareholder-investigation notices followed. The related regulatory and legal uncertainty could weigh on investor sentiment.
- Negative Sentiment: Industry commentary also flags rising medical costs and inflation as potential sources of pricing pressure for accident and health insurers, including Unum. Accident and health insurers face cost pressure
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on UNM shares. Truist Financial dropped their price target on Unum Group from $96.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday. Atlantic Securities set a $88.00 price objective on shares of Unum Group in a report on Wednesday, July 15th. Barclays reduced their target price on Unum Group from $109.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday. Jefferies Financial Group lifted their price target on Unum Group from $117.00 to $123.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Wells Fargo & Company boosted their target price on shares of Unum Group from $100.00 to $102.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Unum Group presently has a consensus rating of “Moderate Buy” and an average price target of $96.92.
Read Our Latest Analysis on Unum Group
Unum Group Stock Down 1.4%
UNM opened at $73.72 on Friday. The stock’s 50 day moving average price is $91.64 and its 200 day moving average price is $84.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market cap of $11.67 billion, a P/E ratio of 52.28, a P/E/G ratio of 0.74 and a beta of 0.25. Unum Group has a 12 month low of $69.02 and a 12 month high of $96.77.
Unum Group (NYSE:UNM – Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The financial services provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $2.97 billion. Unum Group had a return on equity of 12.57% and a net margin of 1.94%. During the same period last year, the company earned $2.09 earnings per share. As a group, research analysts predict that Unum Group will post 8.51 earnings per share for the current year.
Unum Group announced that its board has approved a share repurchase plan on Wednesday, August 26th that permits the company to repurchase $1 billion in shares. This buyback authorization permits the financial services provider to purchase up to 7% of its shares through open market purchases. Share buyback plans are often a sign that the company’s board believes its shares are undervalued.
Unum Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 30th will be issued a $0.5050 dividend. The ex-dividend date is Friday, October 30th. This represents a $2.02 annualized dividend and a dividend yield of 2.7%. Unum Group’s dividend payout ratio is 143.26%.
About Unum Group
Unum Group is an insurance company that provides employee benefits and related protection products through employers, as well as selected individual policies. Its offerings are designed to help people manage the financial impact of illness, injury, death and other unexpected events.
The company’s products include short-term and long-term disability insurance, group and individual life insurance, accidental death and dismemberment coverage, and supplemental health benefits such as accident, critical illness and hospital indemnity insurance.
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