State of Wyoming Reduces Stake in Unum Group $UNM

State of Wyoming lessened its holdings in shares of Unum Group (NYSE:UNM) by 77.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,792 shares of the financial services provider’s stock after selling 6,297 shares during the period. State of Wyoming’s holdings in Unum Group were worth $131,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new stake in Unum Group during the fourth quarter worth approximately $247,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Unum Group by 157.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,851 shares of the financial services provider’s stock valued at $149,000 after buying an additional 1,132 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Unum Group by 26.6% in the 2nd quarter. Baird Financial Group Inc. now owns 7,939 shares of the financial services provider’s stock valued at $641,000 after buying an additional 1,666 shares in the last quarter. Brown Advisory Inc. grew its position in shares of Unum Group by 13.2% in the 2nd quarter. Brown Advisory Inc. now owns 6,445 shares of the financial services provider’s stock valued at $520,000 after buying an additional 753 shares during the last quarter. Finally, Cresset Asset Management LLC grew its position in shares of Unum Group by 6.1% in the 2nd quarter. Cresset Asset Management LLC now owns 6,715 shares of the financial services provider’s stock valued at $542,000 after buying an additional 386 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on UNM shares. Wolfe Research reduced their price target on shares of Unum Group from $102.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, July 6th. Wall Street Zen raised Unum Group from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Atlantic Securities set a $88.00 target price on Unum Group in a research report on Wednesday, July 15th. Zacks Research raised Unum Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, Morgan Stanley upped their target price on Unum Group from $80.00 to $87.00 and gave the company an “equal weight” rating in a research report on Thursday, May 21st. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Unum Group currently has an average rating of “Moderate Buy” and an average target price of $99.25.

Unum Group Stock Down 0.7%

UNM stock opened at $86.13 on Friday. The company has a market cap of $13.63 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 0.90 and a beta of 0.25. The company has a fifty day moving average price of $88.14 and a 200 day moving average price of $80.31. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.34 and a quick ratio of 0.35. Unum Group has a 12 month low of $68.28 and a 12 month high of $93.21.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.16. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $2.90 billion. Unum Group had a net margin of 5.26% and a return on equity of 12.60%. Unum Group’s revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the firm posted $1.92 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Sell-side analysts expect that Unum Group will post 8.7 earnings per share for the current year.

Unum Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 24th will be paid a dividend of $0.505 per share. This represents a $2.02 annualized dividend and a dividend yield of 2.3%. This is a positive change from Unum Group’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, July 24th. Unum Group’s payout ratio is currently 47.09%.

About Unum Group

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.