12,971 Shares in Unum Group $UNM Acquired by Redwood Investment Management LLC

Redwood Investment Management LLC acquired a new stake in Unum Group (NYSE:UNM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 12,971 shares of the financial services provider’s stock, valued at approximately $1,160,000.

A number of other institutional investors have also recently made changes to their positions in UNM. Norges Bank purchased a new stake in shares of Unum Group during the fourth quarter worth $1,108,919,000. Canada Pension Plan Investment Board acquired a new stake in Unum Group in the second quarter valued at approximately $84,097,000. Zurich Insurance Group Ltd FI acquired a new stake in Unum Group in the fourth quarter valued at approximately $58,860,000. Alyeska Investment Group L.P. lifted its stake in Unum Group by 365.3% in the fourth quarter. Alyeska Investment Group L.P. now owns 930,534 shares of the financial services provider’s stock worth $72,116,000 after acquiring an additional 730,534 shares during the last quarter. Finally, Donald Smith & CO. Inc. purchased a new position in Unum Group in the second quarter worth approximately $58,064,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analysts Set New Price Targets

UNM has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price objective on shares of Unum Group from $110.00 to $108.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Atlantic Securities set a $88.00 price objective on shares of Unum Group in a research report on Wednesday, July 15th. UBS Group set a $94.00 target price on shares of Unum Group in a research note on Tuesday, July 7th. JPMorgan Chase & Co. dropped their target price on Unum Group from $101.00 to $98.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Finally, Wolfe Research cut their price target on Unum Group from $102.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday, July 6th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Unum Group has a consensus rating of “Moderate Buy” and a consensus price target of $99.42.

Unum Group Stock Performance

Shares of UNM opened at $91.45 on Thursday. The company has a market capitalization of $14.48 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 0.95 and a beta of 0.26. Unum Group has a 52-week low of $68.70 and a 52-week high of $94.55. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average price of $89.29 and a 200 day moving average price of $82.03.

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

Unum Group Increases Dividend

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

Unum Group declared that its Board of Directors has approved a share repurchase plan on Wednesday, August 26th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to purchase up to 7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Unum Group Company 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.