Sanctuary Advisors LLC Buys Shares of 6,665 Unum Group $UNM

Sanctuary Advisors LLC acquired a new stake in Unum Group (NYSE:UNMFree Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,665 shares of the financial services provider’s stock, valued at approximately $596,000.

Other hedge funds also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Unum Group during the 2nd quarter worth about $12,949,000. PEAK6 LLC purchased a new position in Unum Group during the second quarter worth approximately $3,002,000. Capital Square LLC purchased a new position in shares of Unum Group in the 2nd quarter worth $292,000. Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Unum Group in the 2nd quarter worth about $304,000. Finally, Bank of Nova Scotia purchased a new position in Unum Group in the second quarter valued at approximately $12,722,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Unum Group Price Performance

NYSE:UNM opened at $93.16 on Friday. Unum Group has a 52-week low of $68.70 and a 52-week high of $94.55. The business’s 50-day moving average price is $89.40 and its 200 day moving average price is $82.23. The firm has a market cap of $14.75 billion, a P/E ratio of 21.72, a PEG ratio of 0.98 and a beta of 0.26. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.35.

Unum Group (NYSE:UNMGet Free Report) last released its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share for the quarter, hitting the consensus estimate of $2.16. The business had revenue of $3.39 billion during the quarter, compared to analyst estimates of $2.90 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The company’s revenue was up .3% compared to the same quarter last year. During the same period last year, the company posted $1.92 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, sell-side analysts predict that Unum Group will post 8.64 earnings per share for the current fiscal year.

Unum Group announced that its Board of Directors has initiated a share repurchase plan on Wednesday, August 26th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to buy up to 7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

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 paid a dividend of $0.505 per share. This is an increase from Unum Group’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, July 24th. This represents a $2.02 annualized dividend and a yield of 2.2%. Unum Group’s dividend payout ratio (DPR) is presently 47.09%.

Wall Street Analysts Forecast Growth

UNM has been the topic of a number of recent research reports. UBS Group set a $94.00 price objective on Unum Group in a research note on Tuesday, July 7th. Keefe, Bruyette & Woods decreased their price objective on shares of Unum Group from $110.00 to $108.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. Morgan Stanley boosted their price target on Unum Group from $87.00 to $92.00 and gave the company an “equal weight” rating in a report on Monday, August 24th. JPMorgan Chase & Co. lowered their price objective on shares of Unum Group from $101.00 to $98.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Finally, Wells Fargo & Company increased their target price on Unum Group from $100.00 to $101.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Eight equities research 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $99.42.

Get Our Latest Stock Analysis on Unum Group

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.

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

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