Royal Bank of Canada decreased its position in shares of Unum Group (NYSE:UNM – Free Report) by 8.4% in the first quarter, HoldingsChannel reports. The firm owned 1,035,394 shares of the financial services provider’s stock after selling 94,448 shares during the quarter. Royal Bank of Canada’s holdings in Unum Group were worth $75,615,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of UNM. Laurel Wealth Advisors LLC acquired a new position in Unum Group in the 4th quarter worth approximately $25,000. SHP Wealth Management purchased a new position in Unum Group during the 4th quarter worth approximately $25,000. MBM Wealth Consultants LLC acquired a new stake in Unum Group during the 1st quarter valued at approximately $29,000. Triumph Capital Management acquired a new stake in Unum Group during the 3rd quarter valued at approximately $31,000. Finally, Ancora Advisors LLC lifted its stake in 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 acquiring an additional 339 shares during the period. Hedge funds and other institutional investors own 86.57% of the company’s stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. Morgan Stanley boosted their target price on shares of Unum Group from $80.00 to $87.00 and gave the company an “equal weight” rating in a research report on Thursday, May 21st. Wall Street Zen raised shares of Unum Group from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Bank of America cut their price target on Unum Group from $83.00 to $77.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Finally, Atlantic Securities set a $88.00 price target on Unum Group in a research report on Wednesday, July 15th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $99.25.
Unum Group Stock Down 0.7%
UNM stock opened at $86.13 on Friday. Unum Group has a one year low of $68.28 and a one year high of $93.21. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.35 and a current ratio of 0.34. The firm’s fifty day moving average is $88.14 and its 200 day moving average is $80.31. The firm has a market cap of $13.63 billion, a PE ratio of 20.08, a P/E/G ratio of 0.91 and a beta of 0.25.
Unum Group (NYSE:UNM – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.16. Unum Group had a net margin of 5.26% and a return on equity of 12.60%. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the prior year, the firm posted $1.92 earnings per share. The company’s revenue was up .3% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. On average, research analysts forecast that Unum Group will post 8.72 EPS for the current year.
Unum Group Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 24th will be paid a $0.505 dividend. The ex-dividend date is Friday, July 24th. This represents a $2.02 annualized dividend and a dividend yield of 2.3%. This is a boost from Unum Group’s previous quarterly dividend of $0.46. Unum Group’s dividend payout ratio (DPR) is presently 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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