Hudson Bay Capital Management LP Raises Position in Unum Group $UNM

Hudson Bay Capital Management LP boosted its holdings in Unum Group (NYSE:UNM) by 26.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 127,981 shares of the financial services provider’s stock after purchasing an additional 26,385 shares during the period. Hudson Bay Capital Management LP’s holdings in Unum Group were worth $9,954,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in UNM. Allworth Financial LP increased its holdings in shares of Unum Group by 10.7% in the third quarter. Allworth Financial LP now owns 5,035 shares of the financial services provider’s stock worth $392,000 after buying an additional 485 shares during the period. IFP Advisors Inc grew its position in Unum Group by 380.9% during the 3rd quarter. IFP Advisors Inc now owns 6,180 shares of the financial services provider’s stock worth $481,000 after acquiring an additional 4,895 shares during the last quarter. Swiss Life Asset Management Ltd grew its position in Unum Group by 76.0% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 7,639 shares of the financial services provider’s stock worth $594,000 after acquiring an additional 3,299 shares during the last quarter. Cambria Investment Management L.P. increased its stake in Unum Group by 25.0% in the 3rd quarter. Cambria Investment Management L.P. now owns 6,706 shares of the financial services provider’s stock worth $522,000 after purchasing an additional 1,341 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Unum Group by 19.3% during the third quarter. CIBC Private Wealth Group LLC now owns 5,614 shares of the financial services provider’s stock valued at $437,000 after purchasing an additional 909 shares during the period. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Unum Group Stock Down 1.7%

UNM stock opened at $72.95 on Friday. Unum Group has a fifty-two week low of $66.81 and a fifty-two week high of $84.48. The company has a market capitalization of $11.95 billion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 1.61 and a beta of 0.20. The business’s 50 day moving average price is $74.41 and its two-hundred day moving average price is $75.60. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.37 and a current ratio of 0.37.

Unum Group (NYSE:UNM) last released its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.19). The firm 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 company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.03 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, analysts forecast that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group declared that its board has initiated a stock buyback plan on Thursday, December 4th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to purchase up to 8.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Unum Group Dividend Announcement

The firm also recently announced 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 2.5%. The ex-dividend date was Friday, January 30th. Unum Group’s payout ratio is 43.29%.

Insider Buying and Selling at Unum Group

In other news, Director Timothy F. Keaney sold 4,500 shares of the company’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 directly owned 38,592 shares of the company’s stock, valued at $2,801,007.36. This represents a 10.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher W. Pyne sold 4,852 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $72.47, for a total transaction of $351,624.44. Following the completion of the transaction, the executive vice president owned 52,268 shares of the company’s stock, valued at approximately $3,787,861.96. The trade was a 8.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 21,852 shares of company stock worth $1,590,734. Corporate insiders own 0.92% of the company’s stock.

Analysts Set New Price Targets

UNM has been the topic of several analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Unum Group from $92.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Jefferies Financial Group reissued a “buy” rating and set a $115.00 price target on shares of Unum Group in a research report on Monday, January 5th. Evercore set a $103.00 price target on shares of Unum Group in a report on Friday, February 6th. Barclays restated an “overweight” rating on shares of Unum Group in a research report on Friday, February 6th. Finally, Citigroup reaffirmed a “market perform” rating on shares of Unum Group in a research note on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $94.40.

Unum Group Profile

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.