UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $45.50 Million Stake in Unum Group $UNM

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Unum Group (NYSE:UNM) by 6.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 508,944 shares of the financial services provider’s stock after selling 35,553 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Unum Group were worth $45,500,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Hsbc Holdings PLC lifted its stake in Unum Group by 56.2% during the second quarter. Hsbc Holdings PLC now owns 22,358 shares of the financial services provider’s stock worth $2,007,000 after purchasing an additional 8,043 shares during the period. Kingsview Wealth Management LLC acquired a new position in Unum Group in the second quarter worth $636,000. Beacon Pointe Advisors LLC acquired a new position in Unum Group during the 2nd quarter worth about $323,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Unum Group in the second quarter valued at approximately $6,473,000. Finally, Glenview Trust Co bought a new position in Unum Group in the 2nd quarter valued at $527,000. Institutional investors own 86.57% of the company’s stock.

Unum Group Stock Performance

NYSE:UNM opened at $92.77 on Thursday. The stock has a 50 day simple moving average of $89.53 and a 200 day simple moving average of $82.75. The stock has a market cap of $14.69 billion, a P/E ratio of 21.62, a PEG ratio of 0.97 and a beta of 0.27. Unum Group has a 1-year low of $69.02 and a 1-year high of $94.55. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35.

Unum Group (NYSE:UNM) last released its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $2.16 EPS for the quarter, hitting analysts’ consensus estimates of $2.16. Unum Group had a net margin of 5.26% and a return on equity of 12.60%. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the firm earned $1.92 earnings per share. Unum Group’s revenue for the quarter 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 anticipate that Unum Group will post 8.64 earnings per share for the current year.

Unum Group declared that its Board of Directors has initiated a stock buyback 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 buy up to 7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Unum Group Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UNM. Keefe, Bruyette & Woods reduced their target price on shares of Unum Group from $110.00 to $108.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. Weiss Ratings upgraded Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Barclays increased their price objective on shares of Unum Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Morgan Stanley upped their price objective on Unum Group from $87.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Monday, August 24th. Finally, Jefferies Financial Group raised their price objective on Unum Group from $117.00 to $123.00 and gave the company a “buy” rating in a report on Friday, July 10th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Unum Group has an average rating of “Moderate Buy” and an average price target of $99.42.

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.