Unum Group $UNM Shares Sold by Calydon Capital

Calydon Capital reduced its position in Unum Group (NYSE:UNM) by 29.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 85,516 shares of the financial services provider’s stock after selling 35,163 shares during the quarter. Calydon Capital’s holdings in Unum Group were worth $6,651,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Algebris UK Ltd. lifted its position in shares of Unum Group by 95.7% during the third 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 grew its holdings in shares of Unum Group by 53.5% in the third 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 acquired a new position in shares of Unum Group in the third quarter valued at approximately $14,644,000. Allianz Asset Management GmbH increased its stake in Unum Group by 63.7% during the 3rd 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 period. Finally, Vest Financial LLC increased its stake in Unum Group by 5.5% during the 3rd 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 period. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UNM has been the subject of several recent research reports. Weiss Ratings raised shares of Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Morgan Stanley cut their price objective on Unum Group from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 3rd. JPMorgan Chase & Co. reduced their price objective on Unum Group from $92.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Wells Fargo & Company decreased their target price on Unum Group from $104.00 to $102.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. Finally, Citigroup reissued a “market perform” rating on shares of Unum Group in a research note on Thursday, December 18th. One equities research 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 company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $94.40.

Insider Activity at Unum Group

In related news, EVP Lisa G. Iglesias sold 3,500 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $73.00, for a total value of $255,500.00. Following the transaction, the executive vice president owned 29,453 shares of the company’s stock, valued at $2,150,069. This represents a 10.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Timothy F. Keaney sold 4,500 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $72.58, for a total value of $326,610.00. Following the completion of the sale, the director owned 38,592 shares in the company, valued at approximately $2,801,007.36. This represents a 10.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 17,000 shares of company stock valued at $1,239,110 over the last quarter. 0.92% of the stock is owned by insiders.

Unum Group Trading Down 0.8%

NYSE UNM opened at $72.14 on Friday. 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 has a 52 week low of $66.81 and a 52 week high of $84.48. The stock has a market capitalization of $11.81 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 1.56 and a beta of 0.20. The firm has a 50 day moving average of $74.82 and a two-hundred day moving average of $75.52.

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

Unum Group Announces Dividend

The firm 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 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Friday, January 30th. Unum Group’s dividend payout ratio is 43.29%.

Unum Group announced that its board has authorized a stock repurchase program on Thursday, December 4th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 8.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership 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.