Jupiter Topco LLC Makes New Investment in Unum Group $UNM

Jupiter Topco LLC purchased a new stake in shares of Unum Group (NYSE:UNM) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 100,767 shares of the financial services provider’s stock, valued at approximately $9,010,000.

Other large investors have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new stake in shares of Unum Group in the 4th quarter valued at $25,000. SHP Wealth Management bought a new stake in Unum Group in the fourth quarter worth $25,000. MBM Wealth Consultants LLC purchased a new stake in Unum Group during the first quarter valued at about $29,000. Triumph Capital Management purchased a new stake in Unum Group during the third quarter valued at about $31,000. Finally, Ancora Advisors LLC grew its stake in shares of Unum Group by 385.2% during the third quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock valued at $33,000 after buying an additional 339 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Unum Group Trading Up 0.1%

UNM opened at $93.16 on Monday. The business has a 50 day simple moving average of $89.40 and a two-hundred day simple moving average of $82.30. The firm has a market capitalization of $14.75 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 0.98 and a beta of 0.26. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.34 and a quick ratio of 0.34. Unum Group has a one year low of $68.70 and a one year high of $94.55.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company earned $1.92 EPS. The business’s quarterly revenue was up .3% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Analysts predict that Unum Group will post 8.64 EPS for the current year.

Unum Group declared that its Board of Directors has approved a stock buyback program on Wednesday, August 26th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to purchase up to 7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Unum Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 24th were issued a $0.505 dividend. This represents a $2.02 annualized dividend and a yield of 2.2%. This is an increase from Unum Group’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, July 24th. Unum Group’s dividend payout ratio (DPR) is presently 47.09%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on UNM. Barclays lifted their price objective on Unum Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. UBS Group set a $94.00 price target on Unum Group in a research report on Tuesday, July 7th. Weiss Ratings raised Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Jefferies Financial Group boosted their price objective on Unum Group from $117.00 to $123.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Morgan Stanley increased their price objective on Unum Group from $87.00 to $92.00 and gave the company an “equal weight” rating in a research note on Monday, August 24th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Unum Group has an average rating of “Moderate Buy” and an average target price of $99.42.

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.