Nordea Investment Management AB Has $83.86 Million Stock Position in Unum Group $UNM

Nordea Investment Management AB cut its holdings in shares of Unum Group (NYSE:UNM) by 24.1% in the 4th quarter, Holdings Channel reports. The firm owned 1,078,811 shares of the financial services provider’s stock after selling 342,118 shares during the period. Nordea Investment Management AB’s holdings in Unum Group were worth $83,856,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Norges Bank acquired a new position in Unum Group during the second quarter worth about $1,113,353,000. Allianz Asset Management GmbH boosted its stake in shares of Unum Group by 63.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,516,126 shares of the financial services provider’s stock valued at $195,704,000 after purchasing an additional 978,937 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Unum Group by 35.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,339,289 shares of the financial services provider’s stock valued at $181,622,000 after purchasing an additional 607,684 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of Unum Group by 127.3% during the 3rd quarter. Two Sigma Investments LP now owns 864,485 shares of the financial services provider’s stock valued at $67,240,000 after purchasing an additional 484,107 shares during the last quarter. Finally, Moore Capital Management LP grew its holdings in shares of Unum Group by 195.0% during the 3rd quarter. Moore Capital Management LP now owns 658,912 shares of the financial services provider’s stock valued at $51,250,000 after purchasing an additional 435,552 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Stock Up 1.0%

NYSE:UNM opened at $73.26 on Tuesday. Unum Group has a one year low of $66.81 and a one year high of $84.48. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market cap of $12.00 billion, a PE ratio of 17.24, a P/E/G ratio of 1.57 and a beta of 0.20. The firm’s 50 day simple moving average is $74.12 and its 200 day simple moving average is $75.68.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.19). The business had revenue of $3.25 billion during the quarter, compared to analyst estimates 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 was up .2% compared to the same quarter last year. During the same quarter last 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, research analysts anticipate that Unum Group will post 9.14 earnings per share for the current year.

Unum Group announced that its board has authorized a share repurchase plan on Thursday, December 4th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to reacquire up to 8.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Unum Group Dividend Announcement

The business also recently disclosed 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 was Friday, January 30th. Unum Group’s dividend payout ratio is presently 43.29%.

Insider Buying and Selling

In other Unum Group news, Director Cynthia Egan sold 9,000 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $73.00, for a total value of $657,000.00. Following the sale, the director owned 42,846 shares in the company, valued at approximately $3,127,758. The trade was a 17.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Christopher W. Pyne sold 4,852 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $72.47, for a total value of $351,624.44. Following the completion of the sale, the executive vice president directly 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold 21,852 shares of company stock valued at $1,590,734 in the last quarter. 0.93% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

UNM has been the subject of several research reports. Evercore set a $103.00 price objective on shares of Unum Group in a research note on Friday, February 6th. UBS Group decreased their target price on shares of Unum Group from $85.00 to $81.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. Citigroup reiterated a “market perform” rating on shares of Unum Group in a report on Thursday, December 18th. Weiss Ratings raised Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 26th. Finally, Zacks Research lowered Unum Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $94.40.

Unum Group Company 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.