Rhumbline Advisers Cuts Holdings in Unum Group $UNM

Rhumbline Advisers lowered its position in Unum Group (NYSE:UNM) by 5.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 459,898 shares of the financial services provider’s stock after selling 24,181 shares during the quarter. Rhumbline Advisers owned 0.27% of Unum Group worth $35,771,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in UNM. Legacy Investment Solutions LLC acquired a new position in shares of Unum Group in the 2nd quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC increased its position in Unum Group by 44.0% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 537 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 164 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Unum Group by 1,123.4% in the second quarter. Hantz Financial Services Inc. now owns 575 shares of the financial services provider’s stock valued at $46,000 after buying an additional 528 shares during the period. True Wealth Design LLC lifted its position in Unum Group by 36.2% during the third quarter. True Wealth Design LLC now owns 587 shares of the financial services provider’s stock valued at $46,000 after buying an additional 156 shares in the last quarter. Finally, SJS Investment Consulting Inc. lifted its position 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 valued at $46,000 after buying an additional 564 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Unum Group Stock Up 1.2%

Shares of Unum Group stock opened at $71.64 on Friday. Unum Group has a 1-year low of $66.81 and a 1-year high of $84.48. The company has a market capitalization of $11.99 billion, a PE ratio of 16.86, a P/E/G ratio of 1.60 and a beta of 0.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.37 and a quick ratio of 0.36. The business has a 50-day moving average of $76.76 and a 200-day moving average of $75.13.

Unum Group (NYSE:UNM) last issued 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). Unum Group had a net margin of 5.65% and a return on equity of 12.62%. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same period in the prior year, the company posted $2.03 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, equities analysts forecast that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, January 30th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, January 30th. Unum Group’s payout ratio is 43.29%.

Unum Group announced that its Board of Directors has authorized a share buyback plan on Thursday, December 4th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 8.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on UNM. Barclays reissued an “overweight” rating on shares of Unum Group in a research note on Friday, February 6th. Evercore set a $103.00 price target on Unum Group in a report on Friday, February 6th. Weiss Ratings lowered Unum Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. JPMorgan Chase & Co. decreased their target price on Unum Group from $92.00 to $90.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Finally, Citigroup reiterated a “market perform” rating on shares of Unum Group in a research note on Thursday, December 18th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Unum Group presently has an average rating of “Moderate Buy” and a consensus target price of $97.69.

Insider Buying and Selling at Unum Group

In other news, EVP Steven Andrew Zabel sold 7,500 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $76.38, for a total value of $572,850.00. Following the completion of the sale, the executive vice president owned 113,807 shares of the company’s stock, valued at approximately $8,692,578.66. The trade was a 6.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Walter Lynn Rice, Jr. sold 900 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $73.50, for a total transaction of $66,150.00. Following the completion of the sale, the chief accounting officer owned 8,940 shares in the company, valued at approximately $657,090. This trade represents a 9.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.92% of the company’s stock.

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.