Victory Capital Management Inc. Sells 24,810 Shares of Unum Group $UNM

Victory Capital Management Inc. lessened its stake in shares of Unum Group (NYSE:UNM) by 1.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,176,450 shares of the financial services provider’s stock after selling 24,810 shares during the period. Victory Capital Management Inc. owned about 1.30% of Unum Group worth $169,284,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNM. Legacy Investment Solutions LLC bought a new position in Unum Group during the second quarter valued at $30,000. Vermillion & White Wealth Management Group LLC lifted its position in shares of Unum Group by 44.0% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 537 shares of the financial services provider’s stock valued at $43,000 after buying an additional 164 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Unum Group by 1,123.4% during the second quarter. Hantz Financial Services Inc. now owns 575 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 528 shares during the period. True Wealth Design LLC increased its stake in shares of Unum Group by 36.2% in the third quarter. True Wealth Design LLC now owns 587 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 156 shares in the last quarter. Finally, SJS Investment Consulting Inc. increased its stake in shares of Unum Group by 2,350.0% in the third quarter. SJS Investment Consulting Inc. now owns 588 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 564 shares in the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Unum Group

In related news, Director Cynthia Egan sold 9,000 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $73.00, for a total value of $657,000.00. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy F. Keaney sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $72.58, for a total value of $326,610.00. Following the sale, the director owned 38,592 shares in the company, valued at $2,801,007.36. The trade was a 10.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 14,400 shares of company stock valued at $1,049,760. Insiders own 0.93% of the company’s stock.

Unum Group Price Performance

Shares of NYSE UNM opened at $70.69 on Wednesday. The stock’s 50-day simple moving average is $75.65 and its two-hundred day simple moving average is $75.35. Unum Group has a twelve month low of $66.81 and a twelve month high of $84.48. The firm has a market capitalization of $11.58 billion, a P/E ratio of 16.63, a P/E/G ratio of 1.61 and a beta of 0.20. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.34.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.92 earnings per share (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 the consensus estimate of $3.29 billion. Unum Group had a net margin of 5.65% and a return on equity of 12.62%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $2.03 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, equities analysts anticipate that Unum Group will post 9.14 EPS for the current fiscal year.

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

Unum Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, January 30th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, January 30th. Unum Group’s payout ratio is currently 43.29%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Morgan Stanley reduced their price objective on shares of Unum Group from $85.00 to $80.00 and set an “equal weight” rating for the company in a research note on Tuesday. UBS Group cut their price target on Unum Group from $85.00 to $81.00 and set a “neutral” rating for the company in a report on Friday, February 20th. Citigroup reiterated a “market perform” rating on shares of Unum Group in a research report on Thursday, December 18th. Wells Fargo & Company dropped their price objective on Unum Group from $104.00 to $102.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $115.00 target price on shares of Unum Group in a research note on Monday, January 5th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Unum Group has an average rating of “Moderate Buy” and an average price target of $95.64.

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.