Unum Group $UNM Shares Bought by Engineers Gate Manager LP

Engineers Gate Manager LP grew its stake in shares of Unum Group (NYSE:UNMFree Report) by 10,463.3% during the fourth quarter, Holdings Channel reports. The firm owned 292,815 shares of the financial services provider’s stock after purchasing an additional 290,043 shares during the period. Engineers Gate Manager LP’s holdings in Unum Group were worth $22,693,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Balyasny Asset Management L.P. raised its holdings in Unum Group by 31.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 700,748 shares of the financial services provider’s stock worth $54,308,000 after purchasing an additional 168,665 shares in the last quarter. Freestone Grove Partners LP raised its holdings in Unum Group by 2.1% during the fourth quarter. Freestone Grove Partners LP now owns 281,531 shares of the financial services provider’s stock worth $21,819,000 after purchasing an additional 5,680 shares in the last quarter. Caisse de depot et placement du Quebec raised its holdings in Unum Group by 20.0% during the fourth quarter. Caisse de depot et placement du Quebec now owns 621,059 shares of the financial services provider’s stock worth $48,132,000 after purchasing an additional 103,546 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in Unum Group by 69.4% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 246,048 shares of the financial services provider’s stock worth $19,069,000 after purchasing an additional 100,831 shares in the last quarter. Finally, Gillson Capital LP raised its holdings in Unum Group by 47.4% during the fourth quarter. Gillson Capital LP now owns 362,600 shares of the financial services provider’s stock worth $28,102,000 after purchasing an additional 116,600 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on UNM shares. Wall Street Zen upgraded shares of Unum Group from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. UBS Group lifted their price objective on shares of Unum Group from $81.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Wells Fargo & Company lifted their price objective on shares of Unum Group from $99.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Keefe, Bruyette & Woods restated a “moderate buy” rating and set a $95.00 target price on shares of Unum Group in a research report on Thursday, March 26th. Finally, Morgan Stanley boosted their price objective on shares of Unum Group from $80.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.83.

Get Our Latest Stock Report on Unum Group

Unum Group Trading Down 0.7%

Shares of UNM stock opened at $91.65 on Thursday. The firm has a 50-day moving average price of $82.36 and a 200 day moving average price of $77.71. Unum Group has a twelve month low of $68.28 and a twelve month high of $93.21. The company has a market capitalization of $14.64 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 0.94 and a beta of 0.24. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.35.

Unum Group (NYSE:UNMGet Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.07. Unum Group had a net margin of 5.86% and a return on equity of 12.60%. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $2.91 billion. During the same quarter in the prior year, the company posted $2.04 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. Research analysts forecast that Unum Group will post 8.76 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, April 24th. Unum Group’s dividend payout ratio is 40.00%.

Insider Transactions at Unum Group

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 12,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 42,587 shares in the company, valued at $3,412,922.18. This represents a 21.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

Unum Group Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Unum Group (NYSE:UNM)

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