Unum Group $UNM Shares Newly Bought by Neumann Capital Management LLC

Neumann Capital Management LLC bought a new position in Unum Group (NYSE:UNM) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 20,250 shares of the financial services provider’s stock, valued at approximately $1,777,000.

Several other hedge funds and other institutional investors also recently modified their holdings of UNM. Canada Pension Plan Investment Board purchased a new stake in shares of Unum Group during the 2nd quarter valued at approximately $84,097,000. Donald Smith & CO. Inc. bought a new position in Unum Group in the 2nd quarter worth approximately $58,064,000. Bank of America Corp DE purchased a new position in Unum Group in the 2nd quarter valued at approximately $55,273,000. Freestone Grove Partners LP purchased a new position in Unum Group in the 2nd quarter valued at approximately $49,065,000. Finally, Algebris UK Ltd. purchased a new position in Unum Group in the 2nd quarter valued at approximately $35,412,000. Institutional investors own 86.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Barclays lowered their target price on shares of Unum Group from $110.00 to $109.00 and set an “overweight” rating on the stock in a report on Wednesday, October 7th. Jefferies Financial Group raised their price target on Unum Group from $117.00 to $123.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Keefe, Bruyette & Woods cut their price target on Unum Group from $110.00 to $108.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. Atlantic Securities set a $88.00 price target on Unum Group in a research report on Wednesday, July 15th. Finally, Weiss Ratings upgraded Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $99.42.

Unum Group Stock Performance

NYSE UNM opened at $92.40 on Friday. The company’s 50 day simple moving average is $92.07 and its two-hundred day simple moving average is $87.08. 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 1 year low of $69.02 and a 1 year high of $96.77. The stock has a market capitalization of $14.63 billion, a PE ratio of 11.01, a P/E/G ratio of 0.89 and a beta of 0.25.

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

Unum Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, October 30th will be given a $0.5050 dividend. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, October 30th. Unum Group’s dividend payout ratio (DPR) is 47.09%.

Unum Group announced that its Board of Directors has initiated a share buyback plan on Wednesday, August 26th that allows the company to repurchase $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to buy up to 7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.

Insider Activity at Unum Group

In related news, Director Timothy F. Keaney sold 4,300 shares of Unum Group stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $94.02, for a total transaction of $404,286.00. Following the completion of the sale, the director owned 36,502 shares of the company’s stock, valued at approximately $3,431,918.04. This trade represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lisa Iglesias sold 4,000 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $94.44, for a total value of $377,760.00. Following the transaction, the executive vice president owned 25,453 shares of the company’s stock, valued at approximately $2,403,781.32. The trade was a 13.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 10,488 shares of company stock valued at $988,396. Company insiders own 1.00% of the company’s stock.

Unum Group Company Profile

Unum Group is an insurance company that provides employee benefits and related financial protection products to individuals, employers and their workforces. Its offerings include disability insurance, group and individual life insurance, accidental death and dismemberment coverage, long-term care insurance, and supplemental health benefits.

The company serves employers through workplace benefits programs, including absence-management and leave-administration services. Through its Colonial Life business, Unum also offers voluntary benefits such as accident, critical illness, hospital indemnity and dental insurance, which employees may obtain through the workplace.

Unum Group traces its history to 1848, when Union Mutual Life Insurance Company was established in Maine.