Canada Pension Plan Investment Board Takes Position in Unum Group $UNM

Canada Pension Plan Investment Board acquired a new position in Unum Group (NYSE:UNM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 940,681 shares of the financial services provider’s stock, valued at approximately $84,097,000. Canada Pension Plan Investment Board owned 0.59% of Unum Group as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Legal & General Group Plc bought a new stake in Unum Group in the second quarter valued at about $19,678,000. The Manufacturers Life Insurance Company acquired a new stake in Unum Group during the 2nd quarter worth approximately $20,251,000. Cibc World Market Inc. bought a new stake in Unum Group in the 2nd quarter valued at $5,220,000. Leigh Baldwin & CO. LLC bought a new stake in shares of Unum Group in the second quarter valued at about $236,000. Finally, Sanctuary Advisors LLC acquired a new position in Unum Group during the 2nd quarter worth approximately $596,000. Institutional investors own 86.57% of the company’s stock.

Unum Group Stock Up 2.0%

Shares of UNM opened at $91.45 on Thursday. The firm has a 50 day simple moving average of $89.29 and a two-hundred day simple moving average of $82.03. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.34 and a quick ratio of 0.34. Unum Group has a one year low of $68.70 and a one year high of $94.55. The company has a market cap of $14.48 billion, a P/E ratio of 21.32, a P/E/G ratio of 0.95 and a beta of 0.26.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the business posted $1.92 EPS. The company’s revenue was up .3% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Research analysts forecast that Unum Group will post 8.64 EPS for the current fiscal year.

Unum Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 24th were paid a $0.505 dividend. This represents a $2.02 annualized dividend and a yield of 2.2%. This is a boost from Unum Group’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, July 24th. Unum Group’s payout ratio is 47.09%.

Unum Group declared that its Board of Directors has approved a stock buyback program on Wednesday, August 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods decreased their price objective on Unum Group from $110.00 to $108.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. UBS Group set a $94.00 target price on shares of Unum Group in a research note on Tuesday, July 7th. Evercore reaffirmed an “outperform” rating and set a $106.00 price objective on shares of Unum Group in a research report on Tuesday, July 7th. Jefferies Financial Group boosted their price objective on Unum Group from $117.00 to $123.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, Wolfe Research reduced their target price 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. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Unum Group presently has a consensus rating of “Moderate Buy” and an average target price of $99.42.

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.