Shell Asset Management Co. Sells 7,165 Shares of Unum Group $UNM

Shell Asset Management Co. reduced its position in shares of Unum Group (NYSE:UNM) by 57.8% during the third quarter, Holdings Channel reports. The firm owned 5,231 shares of the financial services provider’s stock after selling 7,165 shares during the period. Shell Asset Management Co.’s holdings in Unum Group were worth $407,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UNM. Legacy Investment Solutions LLC bought a new position in shares of Unum Group during the 2nd quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC increased its position in shares of Unum Group by 44.0% during the second 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. lifted its holdings 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 worth $46,000 after acquiring an additional 528 shares during the period. True Wealth Design LLC boosted its position in Unum Group by 36.2% in the third 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. boosted 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 purchasing an additional 564 shares during the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Unum Group

In related news, CAO Walter Lynn Rice, Jr. sold 900 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $73.50, for a total transaction of $66,150.00. Following the sale, the chief accounting officer directly owned 8,940 shares in the company, valued at approximately $657,090. The trade was a 9.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.92% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on UNM shares. Morgan Stanley set a $85.00 target price on Unum Group in a research note on Monday, December 15th. Citigroup restated a “market perform” rating on shares of Unum Group in a report on Thursday, December 18th. JPMorgan Chase & Co. dropped their target price on shares of 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 reissued a “buy” rating and set a $115.00 target price on shares of Unum Group in a research report on Monday, January 5th. Finally, Evercore set a $103.00 price target on shares of Unum Group in a report on Friday, February 6th. Two equities 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $97.25.

Unum Group Price Performance

Shares of NYSE:UNM opened at $72.87 on Wednesday. The firm has a market capitalization of $12.19 billion, a PE ratio of 17.15, a P/E/G ratio of 1.60 and a beta of 0.20. The company has a quick ratio of 0.36, a current ratio of 0.37 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average price of $76.72 and a two-hundred day moving average price of $75.18. Unum Group has a twelve month low of $66.81 and a twelve month high of $84.48.

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

Unum Group announced that its Board of Directors has initiated a share repurchase 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 management believes its stock is undervalued.

Unum Group Announces Dividend

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