Moore Capital Management LP Buys 435,552 Shares of Unum Group $UNM

Moore Capital Management LP increased its stake in Unum Group (NYSE:UNM) by 195.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 658,912 shares of the financial services provider’s stock after acquiring an additional 435,552 shares during the period. Unum Group comprises approximately 0.7% of Moore Capital Management LP’s portfolio, making the stock its 24th largest position. Moore Capital Management LP’s holdings in Unum Group were worth $51,250,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Unum Group during the second quarter worth about $1,113,353,000. First Trust Advisors LP boosted its holdings in shares of Unum Group by 4.0% in the 3rd quarter. First Trust Advisors LP now owns 5,734,937 shares of the financial services provider’s stock worth $446,063,000 after purchasing an additional 223,095 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Unum Group by 5.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,777,880 shares of the financial services provider’s stock valued at $293,837,000 after purchasing an additional 179,401 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Unum Group by 7.0% during the 2nd quarter. Geode Capital Management LLC now owns 3,341,589 shares of the financial services provider’s stock valued at $271,862,000 after buying an additional 219,076 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in shares of Unum Group by 63.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 2,516,126 shares of the financial services provider’s stock valued at $195,704,000 after buying an additional 978,937 shares in the last quarter. Institutional investors own 86.57% of the company’s stock.

Unum Group Trading Up 1.0%

NYSE UNM opened at $72.85 on Tuesday. The stock has a market cap of $11.93 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 1.56 and a beta of 0.20. Unum Group has a fifty-two week low of $66.81 and a fifty-two week high of $84.48. The stock has a 50 day simple moving average of $74.71 and a two-hundred day simple moving average of $75.59. 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 (NYSE:UNM) last issued its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.19). Unum Group had a net margin of 5.65% and a return on equity of 12.62%. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same period in the previous year, the firm posted $2.03 earnings per share. The firm’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. On average, analysts forecast that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Announces Dividend

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

Unum Group announced that its Board of Directors has authorized a stock buyback program on Thursday, December 4th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 8.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Evercore set a $103.00 target price on Unum Group in a research report on Friday, February 6th. Weiss Ratings raised shares of Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 26th. Wells Fargo & Company lowered their price objective on shares of Unum Group from $104.00 to $102.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. JPMorgan Chase & Co. cut their price objective on shares of Unum Group from $92.00 to $90.00 and set a “neutral” rating for the company in a research note on Friday, February 6th. Finally, UBS Group reduced their target price on shares of Unum Group from $85.00 to $81.00 and set a “neutral” rating on the stock in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.40.

Insiders Place Their Bets

In other Unum Group news, Director Cynthia Egan sold 9,000 shares of Unum Group stock in a transaction that occurred 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 sale, the director directly owned 42,846 shares of the company’s stock, valued at approximately $3,127,758. The trade was a 17.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Lisa G. Iglesias sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $73.00, for a total value of $255,500.00. Following the transaction, the executive vice president owned 29,453 shares in the company, valued at $2,150,069. This trade represents a 10.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 17,000 shares of company stock worth $1,239,110 over the last three months. Company insiders own 0.93% of the company’s stock.

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.