Pursuit Wealth Management LLC Makes New Investment in Unum Group $UNM

Pursuit Wealth Management LLC purchased a new position in Unum Group (NYSE:UNM) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 8,131 shares of the financial services provider’s stock, valued at approximately $630,000.

A number of other institutional investors and hedge funds also recently modified their holdings of UNM. Triumph Capital Management acquired a new position in Unum Group during the third quarter valued at approximately $31,000. Ancora Advisors LLC increased its position in shares of Unum Group by 385.2% in the 3rd quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock valued at $33,000 after buying an additional 339 shares in the last quarter. True Wealth Design LLC raised its stake in Unum Group by 36.2% during the 3rd 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 during the period. SJS Investment Consulting Inc. lifted its holdings in Unum Group by 2,350.0% during the third quarter. SJS Investment Consulting Inc. now owns 588 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 564 shares in the last quarter. Finally, Danske Bank A S acquired a new position in Unum Group in the third quarter valued at about $47,000. 86.57% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Unum Group news, Director Cynthia Egan sold 9,000 shares of Unum Group stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $73.00, for a total value of $657,000.00. Following the transaction, the director owned 42,846 shares in the company, valued at $3,127,758. The trade was a 17.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Lisa G. Iglesias sold 3,500 shares of Unum Group stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $73.00, for a total transaction of $255,500.00. Following the sale, the executive vice president directly owned 29,453 shares in the company, valued at $2,150,069. This trade represents a 10.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 21,852 shares of company stock valued at $1,590,734 over the last ninety days. Company insiders own 0.92% of the company’s stock.

Unum Group Price Performance

NYSE:UNM opened at $78.94 on Thursday. Unum Group has a 52-week low of $68.28 and a 52-week high of $83.13. The company has a market cap of $12.75 billion, a P/E ratio of 18.57, a P/E/G ratio of 1.69 and a beta of 0.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.37 and a current ratio of 0.37. The stock’s 50-day simple moving average is $73.62 and its 200 day simple moving average is $75.67.

Unum Group (NYSE:UNM) last posted its quarterly earnings results 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). The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.29 billion. Unum Group had a return on equity of 12.62% and a net margin of 5.65%.The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm earned $2.03 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, sell-side analysts forecast that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, April 24th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, April 24th. Unum Group’s dividend payout ratio is 43.29%.

Analyst Upgrades and Downgrades

UNM has been the subject of several research analyst reports. Keefe, Bruyette & Woods reiterated a “moderate buy” rating and issued a $95.00 price objective on shares of Unum Group in a research report on Thursday, March 26th. Citigroup restated a “market perform” rating on shares of Unum Group in a report on Thursday, December 18th. Barclays reaffirmed an “overweight” rating on shares of Unum Group in a research note on Friday, February 6th. Weiss Ratings downgraded Unum Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. Finally, UBS Group boosted their price target on Unum Group from $81.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $92.91.

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.