Kingsview Wealth Management LLC Sells 30,628 Shares of Unum Group $UNM

Kingsview Wealth Management LLC decreased its stake in shares of Unum Group (NYSE:UNM) by 85.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,076 shares of the financial services provider’s stock after selling 30,628 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Unum Group were worth $395,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in UNM. Algebris UK Ltd. boosted its stake in Unum Group by 95.7% in 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 increased its stake 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 purchasing an additional 24,101 shares in the last quarter. Swedbank AB bought a new stake in Unum Group during the 3rd quarter valued at about $14,644,000. Allianz Asset Management GmbH raised its holdings in Unum Group by 63.7% in 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 during the last quarter. Finally, Vest Financial LLC raised its holdings in 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 buying an additional 33,807 shares during the last quarter. 86.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on UNM. Jefferies Financial Group reiterated a “buy” rating and set a $115.00 price target on shares of Unum Group in a report on Monday, January 5th. Wall Street Zen lowered shares of Unum Group from a “hold” rating to a “sell” rating in a report on Saturday. UBS Group lowered their price objective on Unum Group from $85.00 to $81.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Weiss Ratings upgraded Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 26th. Finally, Evercore set a $103.00 price target on Unum Group in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.40.

Insider Buying and Selling

In related news, Director Cynthia Egan sold 9,000 shares of Unum Group stock in a transaction on Wednesday, February 18th. The stock was 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 in the company, valued at approximately $3,127,758. The trade was a 17.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Walter Lynn Rice, Jr. sold 900 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $73.50, for a total value of $66,150.00. Following the sale, the chief accounting officer directly owned 8,940 shares of the company’s stock, valued at $657,090. This represents a 9.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 14,400 shares of company stock valued at $1,049,760. 0.93% of the stock is owned by company insiders.

Unum Group Stock Performance

UNM opened at $73.64 on Monday. The company’s 50 day moving average is $75.34 and its 200 day moving average is $75.45. 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 price-to-earnings ratio of 17.33, a PEG ratio of 1.59 and a beta of 0.20. Unum Group has a 12-month low of $66.81 and a 12-month high of $84.48.

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

Unum Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, January 30th were issued a $0.46 dividend. 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 (DPR) is currently 43.29%.

Unum Group declared that its Board of Directors has initiated a share buyback plan on Thursday, December 4th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 8.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is 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.