Ibex Wealth Advisors Reduces Position in Unum Group $UNM

Ibex Wealth Advisors lowered its holdings in Unum Group (NYSE:UNM) by 8.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 125,591 shares of the financial services provider’s stock after selling 10,900 shares during the period. Unum Group comprises 0.9% of Ibex Wealth Advisors’ portfolio, making the stock its 26th largest position. Ibex Wealth Advisors owned 0.08% of Unum Group worth $9,768,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of UNM. Legacy Investment Solutions LLC purchased a new position in shares of Unum Group during the 2nd quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC boosted its stake in Unum Group by 44.0% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 537 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 164 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in Unum Group by 1,123.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 575 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 528 shares in the last quarter. True Wealth Design LLC increased its position in shares of Unum Group by 36.2% in the 3rd quarter. True Wealth Design LLC now owns 587 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 156 shares during the last quarter. Finally, SJS Investment Consulting Inc. raised its stake in shares of Unum Group by 2,350.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 588 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 564 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Insider Buying and Selling at Unum Group

In related news, Director Timothy F. Keaney sold 4,500 shares of Unum Group stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $72.58, for a total transaction of $326,610.00. Following the sale, the director directly owned 38,592 shares in the company, valued at $2,801,007.36. The trade was a 10.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Walter Lynn Rice, Jr. sold 900 shares of the stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $73.50, for a total transaction of $66,150.00. Following the completion of the transaction, the chief accounting officer owned 8,940 shares of the company’s stock, valued at $657,090. This represents a 9.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,400 shares of company stock valued at $1,049,760 in the last quarter. Corporate insiders own 0.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on UNM shares. Evercore set a $103.00 price objective on Unum Group in a report on Friday, February 6th. Wells Fargo & Company lowered their price target on Unum Group from $104.00 to $102.00 and set an “overweight” rating for the company in a report on Wednesday. Citigroup reaffirmed a “market perform” rating on shares of Unum Group in a report on Thursday, December 18th. Jefferies Financial Group reissued a “buy” rating and set a $115.00 target price on shares of Unum Group in a report on Monday, January 5th. Finally, Zacks Research lowered shares of Unum Group from a “hold” rating to a “strong sell” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Unum Group currently has a consensus rating of “Moderate Buy” and an average price target of $96.58.

Unum Group Stock Down 2.9%

Unum Group stock opened at $71.68 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.37 and a current ratio of 0.37. Unum Group has a one year low of $66.81 and a one year high of $84.48. The company has a 50-day simple moving average of $75.96 and a 200-day simple moving average of $75.27. The firm has a market capitalization of $11.74 billion, a P/E ratio of 16.87, a P/E/G ratio of 1.65 and a beta of 0.20.

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

Unum Group declared that its board has approved a share buyback plan on Thursday, December 4th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 8.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Unum Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, January 30th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, January 30th. Unum Group’s dividend payout ratio (DPR) is currently 43.29%.

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.