Unum Group $UNM Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC decreased its holdings in Unum Group (NYSE:UNM) by 93.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,439 shares of the financial services provider’s stock after selling 66,024 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Unum Group were worth $345,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in UNM. Vermillion & White Wealth Management Group LLC lifted its holdings in Unum Group by 44.0% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 537 shares of the financial services provider’s stock worth $43,000 after buying an additional 164 shares in the last quarter. True Wealth Design LLC grew its stake in shares of Unum Group by 36.2% in the third quarter. True Wealth Design LLC now owns 587 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 156 shares in the last quarter. SJS Investment Consulting Inc. increased its position in shares of Unum Group by 2,350.0% during the third quarter. SJS Investment Consulting Inc. now owns 588 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 564 shares during the period. Root Financial Partners LLC purchased a new stake in shares of Unum Group during the third quarter worth $76,000. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Unum Group by 28.2% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,005 shares of the financial services provider’s stock valued at $81,000 after acquiring an additional 221 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analysts Set New Price Targets

UNM has been the subject of several analyst reports. Jefferies Financial Group reissued a “buy” rating and set a $115.00 target price on shares of Unum Group in a research note on Monday, January 5th. Wells Fargo & Company reduced their price target on Unum Group from $104.00 to $102.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. UBS Group decreased their price objective on Unum Group from $85.00 to $81.00 and set a “neutral” rating for the company in a research note on Friday, February 20th. Wall Street Zen downgraded Unum Group from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Finally, Evercore set a $103.00 target price on shares of Unum Group in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $94.40.

Insider Activity

In other Unum Group news, Director Cynthia Egan sold 9,000 shares of Unum Group stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $73.00, for a total transaction of $657,000.00. Following the transaction, the director owned 42,846 shares of the company’s stock, valued at $3,127,758. The trade was a 17.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Lisa G. Iglesias sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $73.00, for a total value of $255,500.00. Following the completion of the sale, the executive vice president owned 29,453 shares of the company’s stock, valued at approximately $2,150,069. This represents a 10.62% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 17,000 shares of company stock valued at $1,239,110. Insiders own 0.92% of the company’s stock.

Unum Group Trading Down 0.4%

NYSE UNM opened at $72.49 on Thursday. The firm’s fifty day moving average price is $75.01 and its 200 day moving average price is $75.48. Unum Group has a 12 month low of $66.81 and a 12 month 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 capitalization of $11.87 billion, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 1.57 and a beta of 0.20.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.19). Unum Group had a net margin of 5.65% and a return on equity of 12.62%. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same period last year, the firm earned $2.03 earnings per share. Unum Group’s revenue was up .2% on a year-over-year basis. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. On average, sell-side analysts expect that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, January 30th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, January 30th. Unum Group’s payout ratio is presently 43.29%.

Unum Group declared that its Board of Directors has approved a share repurchase plan on Thursday, December 4th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to purchase up to 8.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.