Unum Group $UNM Stock Position Increased by MAI Capital Management

MAI Capital Management increased its position in Unum Group (NYSE:UNM) by 2,150.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,834 shares of the financial services provider’s stock after buying an additional 55,264 shares during the quarter. MAI Capital Management’s holdings in Unum Group were worth $4,498,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of UNM. Legacy Investment Solutions LLC acquired a new stake in Unum Group in the 2nd quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC raised its holdings in shares of Unum Group by 44.0% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 537 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 164 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Unum Group by 1,123.4% during the second quarter. Hantz Financial Services Inc. now owns 575 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 528 shares during the last quarter. True Wealth Design LLC boosted its holdings in Unum Group by 36.2% during the third quarter. True Wealth Design LLC now owns 587 shares of the financial services provider’s stock worth $46,000 after buying an additional 156 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its position in Unum Group by 2,350.0% in the third quarter. SJS Investment Consulting Inc. now owns 588 shares of the financial services provider’s stock worth $46,000 after buying an additional 564 shares during the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Unum Group

In related news, Director Cynthia Egan sold 9,000 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $73.00, for a total transaction of $657,000.00. Following the completion of the sale, the director directly owned 42,846 shares in the company, valued at approximately $3,127,758. This trade represents a 17.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Walter Lynn Rice, Jr. sold 900 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $73.50, for a total value of $66,150.00. Following the completion of the transaction, the chief accounting officer owned 8,940 shares in the company, valued at $657,090. This trade represents a 9.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 14,400 shares of company stock valued at $1,049,760 in the last quarter. Company insiders own 0.92% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on UNM shares. Barclays reiterated an “overweight” rating on shares of Unum Group in a research report on Friday, February 6th. Citigroup reaffirmed a “market perform” rating on shares of Unum Group in a report on Thursday, December 18th. JPMorgan Chase & Co. dropped their price target on Unum Group from $92.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Jefferies Financial Group restated a “buy” rating and set a $115.00 price objective on shares of Unum Group in a report on Monday, January 5th. Finally, UBS Group dropped their target price on shares of Unum Group from $85.00 to $81.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.58.

Unum Group Stock Up 1.9%

Shares of Unum Group stock opened at $73.85 on Friday. Unum Group has a 1 year low of $66.81 and a 1 year high of $84.48. The company has a market cap of $12.09 billion, a P/E ratio of 17.38, a P/E/G ratio of 1.62 and a beta of 0.20. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average price of $76.11 and a 200 day moving average price of $75.25.

Unum Group (NYSE:UNM) last issued its earnings results on Thursday, February 5th. The financial services provider reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.19). The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.29 billion. Unum Group had a net margin of 5.65% and a return on equity of 12.62%. Unum Group’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.03 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, analysts expect that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group announced that its Board of Directors has approved a stock buyback plan on Thursday, December 4th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to buy up to 8.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Unum Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, January 30th were given a $0.46 dividend. The ex-dividend date was Friday, January 30th. This represents a $1.84 dividend on an annualized basis and a yield of 2.5%. Unum Group’s dividend payout ratio is presently 43.29%.

Unum Group Company 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.