Glenview Trust Co Takes Position in Unum Group $UNM

Glenview Trust Co bought a new stake in Unum Group (NYSE:UNM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,893 shares of the financial services provider’s stock, valued at approximately $527,000.

Several other institutional investors and hedge funds also recently modified their holdings of UNM. Laurel Wealth Advisors LLC bought a new stake in Unum Group during the fourth quarter worth approximately $25,000. SHP Wealth Management acquired a new stake in Unum Group in the 4th quarter valued at about $25,000. MBM Wealth Consultants LLC bought a new position in shares of Unum Group during the 1st quarter valued at about $29,000. Triumph Capital Management bought a new position in shares of Unum Group during the 3rd quarter valued at about $31,000. Finally, Ancora Advisors LLC raised its holdings in shares of Unum Group by 385.2% in the 3rd quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 339 shares in the last quarter. Institutional investors own 86.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on UNM shares. Atlantic Securities set a $88.00 target price on shares of Unum Group in a report on Wednesday, July 15th. UBS Group set a $94.00 price objective on Unum Group in a research note on Tuesday, July 7th. Evercore restated an “outperform” rating and issued a $106.00 target price on shares of Unum Group in a report on Tuesday, July 7th. Keefe, Bruyette & Woods reduced their target price on Unum Group from $110.00 to $108.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. Finally, Wolfe Research decreased their price target on 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 research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $99.42.

Unum Group Stock Up 0.8%

UNM opened at $93.16 on Friday. The company has a market capitalization of $14.75 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 0.98 and a beta of 0.26. 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 fifty-two week low of $68.70 and a fifty-two week high of $94.55. The business has a 50-day moving average of $89.40 and a 200-day moving average of $82.23.

Unum Group (NYSE:UNM) last posted its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.16. Unum Group had a net margin of 5.26% and a return on equity of 12.60%. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the previous year, the company earned $1.92 earnings per share. 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. Equities research analysts forecast that Unum Group will post 8.64 EPS for the current fiscal year.

Unum Group Increases Dividend

The business also recently announced 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. This represents a $2.02 annualized dividend and a yield of 2.2%. This is an increase from Unum Group’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, July 24th. Unum Group’s dividend payout ratio is 47.09%.

Unum Group announced that its board has initiated a stock buyback program on Wednesday, August 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

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.