202,416 Shares in Unum Group $UNM Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Unum Group (NYSE:UNM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 202,416 shares of the financial services provider’s stock, valued at approximately $18,096,000.

Several other large investors have also added to or reduced their stakes in UNM. GWN Securities Inc. bought a new position in Unum Group in the 2nd quarter worth $708,000. Qsemble Capital Management LP increased its stake in Unum Group by 245.9% in the 4th quarter. Qsemble Capital Management LP now owns 106,742 shares of the financial services provider’s stock worth $8,273,000 after buying an additional 75,885 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Unum Group during the fourth quarter valued at about $2,567,000. Swedbank AB raised its holdings in Unum Group by 148.3% during the fourth quarter. Swedbank AB now owns 467,505 shares of the financial services provider’s stock valued at $36,232,000 after acquiring an additional 279,233 shares during the period. Finally, Norges Bank bought a new stake in Unum Group during the fourth quarter valued at about $1,108,919,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Analyst Ratings Changes

UNM has been the topic of several research analyst reports. Atlantic Securities set a $88.00 price objective on Unum Group in a research report on Wednesday, July 15th. Evercore reissued an “outperform” rating and set a $106.00 target price on shares of Unum Group in a research note on Tuesday, July 7th. Jefferies Financial Group lifted their target price on Unum Group from $117.00 to $123.00 and gave the company a “buy” rating in a research note on Friday, July 10th. UBS Group set a $94.00 price target on Unum Group in a report on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods dropped their price target on Unum Group from $110.00 to $108.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $99.42.

Unum Group Stock Performance

Shares of NYSE UNM opened at $95.89 on Tuesday. The firm’s fifty day moving average is $89.93 and its two-hundred day moving average is $83.25. Unum Group has a 52-week low of $69.02 and a 52-week high of $96.77. The company has a market cap of $15.18 billion, a P/E ratio of 22.35, a P/E/G ratio of 1.01 and a beta of 0.27. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 0.34.

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, meeting 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 during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the business posted $1.92 earnings per share. 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. As a group, analysts anticipate that Unum Group will post 8.64 EPS for the current fiscal year.

Unum Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 24th were paid a dividend of $0.505 per share. The ex-dividend date of this dividend was Friday, July 24th. This is a boost from Unum Group’s previous quarterly dividend of $0.46. This represents a $2.02 dividend on an annualized basis and a yield of 2.1%. Unum Group’s dividend payout ratio is currently 47.09%.

Unum Group announced that its board has initiated a share buyback program on Wednesday, August 26th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

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.