Livforsakringsbolaget Skandia Omsesidigt boosted its position in Unum Group (NYSE:UNM – Free Report) by 10.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 92,700 shares of the financial services provider’s stock after purchasing an additional 8,500 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Unum Group were worth $6,770,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC acquired a new stake in shares of Unum Group in the fourth quarter valued at approximately $25,000. SHP Wealth Management bought a new stake in shares of Unum Group during the fourth quarter valued at approximately $25,000. MBM Wealth Consultants LLC acquired a new position in shares of Unum Group during the first quarter worth approximately $29,000. Triumph Capital Management bought a new position in Unum Group in the 3rd quarter worth approximately $31,000. Finally, Ancora Advisors LLC grew its holdings in Unum Group by 385.2% in the 3rd quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock worth $33,000 after buying an additional 339 shares in the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
UNM has been the topic of several analyst reports. Truist Financial raised their target price on Unum Group from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Evercore reiterated an “outperform” rating and set a $106.00 price target on shares of Unum Group in a research report on Tuesday, July 7th. Jefferies Financial Group increased 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. UBS Group set a $94.00 price target on Unum Group in a report on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods restated a “moderate buy” rating and set a $95.00 price objective on shares of Unum Group in a research note on Thursday, March 26th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $98.09.
Insider Activity at Unum Group
In other news, EVP Elizabeth Claire Ahmed sold 12,000 shares of the business’s stock in a transaction 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 sale, the executive vice president owned 42,587 shares of the company’s stock, valued at approximately $3,412,922.18. The trade was a 21.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.
Unum Group Trading Down 1.0%
Unum Group stock opened at $88.55 on Wednesday. The firm has a 50 day simple moving average of $86.73 and a 200-day simple moving average of $79.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market capitalization of $14.15 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 0.91 and a beta of 0.25. Unum Group has a 12-month low of $68.28 and a 12-month high of $93.21.
Unum Group (NYSE:UNM – Get Free Report) last announced its earnings results on Tuesday, April 28th. The financial services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $2.07 by $0.07. Unum Group had a return on equity of 12.60% and a net margin of 5.86%.The firm had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $2.91 billion. During the same quarter in the previous year, the company earned $2.04 earnings per share. The firm’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. As a group, equities research analysts expect that Unum Group will post 8.76 EPS for the current fiscal year.
Unum Group Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 24th will be given a dividend of $0.505 per share. This is a boost from Unum Group’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, July 24th. This represents a $2.02 annualized dividend and a dividend yield of 2.3%. Unum Group’s payout ratio is 43.91%.
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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