Legal & General Group Plc Reduces Stock Holdings in Unum Group $UNM

Legal & General Group Plc cut its holdings in Unum Group (NYSE:UNM) by 25.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 286,492 shares of the financial services provider’s stock after selling 98,466 shares during the quarter. Legal & General Group Plc’s holdings in Unum Group were worth $22,203,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. UBS Group AG increased its holdings in shares of Unum Group by 5.4% during the fourth quarter. UBS Group AG now owns 1,356,916 shares of the financial services provider’s stock valued at $105,161,000 after acquiring an additional 68,957 shares in the last quarter. SG Americas Securities LLC boosted its stake in Unum Group by 1,167.7% in the 4th quarter. SG Americas Securities LLC now owns 153,696 shares of the financial services provider’s stock worth $11,911,000 after purchasing an additional 141,572 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in 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 worth $195,704,000 after purchasing an additional 978,937 shares in the last quarter. First Trust Advisors LP grew its position in Unum Group by 4.0% during the 3rd quarter. First Trust Advisors LP now owns 5,734,937 shares of the financial services provider’s stock worth $446,063,000 after purchasing an additional 223,095 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in Unum Group during the 4th quarter worth approximately $1,898,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Weiss Ratings raised shares of Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. JPMorgan Chase & Co. dropped their price objective on shares of Unum Group from $92.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Wall Street Zen raised Unum Group from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Keefe, Bruyette & Woods reaffirmed a “moderate buy” rating and set a $95.00 price target on shares of Unum Group in a research report on Thursday, March 26th. Finally, Morgan Stanley boosted their price target on Unum Group from $80.00 to $87.00 and gave the company an “equal weight” rating in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Unum Group has an average rating of “Moderate Buy” and an average price target of $93.83.

Insiders Place Their Bets

In other news, EVP Christopher W. Pyne sold 4,852 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $72.47, for a total transaction of $351,624.44. Following the sale, the executive vice president owned 52,268 shares of the company’s stock, valued at $3,787,861.96. This trade represents a 8.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Elizabeth Claire Ahmed sold 12,000 shares of Unum Group stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $80.14, for a total transaction of $961,680.00. Following the transaction, the executive vice president directly owned 42,587 shares of the company’s stock, valued at approximately $3,412,922.18. This trade represents a 21.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 20,352 shares of company stock worth $1,568,804. Corporate insiders own 1.00% of the company’s stock.

Unum Group Price Performance

Shares of UNM opened at $83.24 on Monday. The business’s 50-day moving average is $78.56 and its two-hundred day moving average is $76.62. The company has a market capitalization of $13.30 billion, a P/E ratio of 18.10, a P/E/G ratio of 0.84 and a beta of 0.24. Unum Group has a fifty-two week low of $68.28 and a fifty-two week high of $85.27. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.35 and a current ratio of 0.35.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.07. The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $2.91 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.86%.The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.04 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. Research analysts predict that Unum Group will post 8.76 earnings per share for the current year.

Unum Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were issued a $0.46 dividend. The ex-dividend date of this dividend was Friday, April 24th. This represents a $1.84 dividend on an annualized basis and a yield of 2.2%. Unum Group’s payout ratio is presently 40.00%.

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.