Neuberger Berman Group LLC Reduces Stock Holdings in Unum Group $UNM

Neuberger Berman Group LLC cut its holdings in Unum Group (NYSE:UNM) by 36.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 484,638 shares of the financial services provider’s stock after selling 276,127 shares during the period. Neuberger Berman Group LLC owned about 0.29% of Unum Group worth $37,695,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Algebris UK Ltd. increased its stake in shares of Unum Group by 95.7% during the 3rd quarter. Algebris UK Ltd. now owns 389,463 shares of the financial services provider’s stock worth $30,269,000 after purchasing an additional 190,454 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Unum Group by 53.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 69,128 shares of the financial services provider’s stock valued at $5,376,000 after buying an additional 24,101 shares during the last quarter. Swedbank AB purchased a new position in Unum Group during the third quarter worth $14,644,000. Allianz Asset Management GmbH increased its position in Unum Group by 63.7% during the third quarter. Allianz Asset Management GmbH now owns 2,516,126 shares of the financial services provider’s stock worth $195,704,000 after buying an additional 978,937 shares in the last quarter. Finally, Vest Financial LLC raised its holdings in shares of Unum Group by 5.5% in the third quarter. Vest Financial LLC now owns 653,527 shares of the financial services provider’s stock worth $50,831,000 after acquiring an additional 33,807 shares during the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Unum Group

In other Unum Group news, Director Cynthia Egan sold 9,000 shares of Unum Group stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $73.00, for a total transaction of $657,000.00. Following the transaction, the director directly owned 42,846 shares of the company’s stock, valued at $3,127,758. The trade was a 17.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Walter Lynn Rice, Jr. sold 900 shares of the business’s stock in a transaction that occurred 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 owned 8,940 shares of the company’s stock, valued at approximately $657,090. This represents a 9.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 14,400 shares of company stock worth $1,049,760. Company insiders own 0.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on UNM shares. Wall Street Zen cut Unum Group from a “hold” rating to a “sell” rating in a research report on Saturday. Citigroup reiterated a “market perform” rating on shares of Unum Group in a report on Thursday, December 18th. Weiss Ratings raised shares of Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 26th. UBS Group lowered their target price on shares of Unum Group from $85.00 to $81.00 and set a “neutral” rating for the company in a research note on Friday, February 20th. Finally, Morgan Stanley cut their price target on Unum Group from $85.00 to $80.00 and set an “equal weight” rating for the company in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $94.40.

Unum Group Price Performance

UNM stock opened at $73.64 on Friday. The stock has a 50-day moving average price of $75.34 and a two-hundred day moving average price of $75.37. Unum Group has a 12-month low of $66.81 and a 12-month high of $84.48. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.34. The company has a market cap of $12.06 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 1.67 and a beta of 0.20.

Unum Group (NYSE:UNM) last released its quarterly earnings data 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 firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.29 billion. Unum Group had a return on equity of 12.62% and a net margin of 5.65%.The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the business earned $2.03 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, research analysts predict that Unum Group will post 9.14 EPS for the current year.

Unum Group announced that its Board of Directors has authorized a share repurchase program on Thursday, December 4th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to repurchase up to 8.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Unum Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, January 30th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Friday, January 30th. Unum Group’s dividend payout ratio is 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.