Ritholtz Wealth Management Reduces Stock Position in Unum Group $UNM

Ritholtz Wealth Management cut its holdings in Unum Group (NYSE:UNM) by 19.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,866 shares of the financial services provider’s stock after selling 8,435 shares during the quarter. Ritholtz Wealth Management’s holdings in Unum Group were worth $2,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of UNM. UBS Group AG increased its stake 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 buying an additional 68,957 shares during the period. SG Americas Securities LLC lifted its stake in Unum Group by 1,167.7% in the fourth quarter. SG Americas Securities LLC now owns 153,696 shares of the financial services provider’s stock worth $11,911,000 after acquiring an additional 141,572 shares during the period. Qsemble Capital Management LP boosted its holdings in Unum Group by 245.9% in the fourth quarter. Qsemble Capital Management LP now owns 106,742 shares of the financial services provider’s stock valued at $8,273,000 after acquiring an additional 75,885 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Unum Group in the fourth quarter valued at $2,567,000. Finally, TABR Capital Management LLC purchased a new position in Unum Group during the 4th quarter valued at $5,768,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Unum Group Price Performance

UNM opened at $89.86 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.35. The company has a market cap of $14.36 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 0.90 and a beta of 0.24. The stock has a fifty day simple moving average of $84.15 and a two-hundred day simple moving average of $78.45. Unum Group has a 12-month low of $68.28 and a 12-month high of $93.21.

Unum Group (NYSE:UNM) last announced its earnings results on Tuesday, April 28th. The financial services provider reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.07. The firm had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $2.91 billion. Unum Group had a net margin of 5.86% and a return on equity of 12.60%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business 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 fiscal year.

Unum Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, April 24th. This represents a $1.84 annualized dividend and a yield of 2.0%. Unum Group’s payout ratio is presently 40.00%.

Insider Buying and Selling

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 12,000 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $80.14, for a total value of $961,680.00. Following the sale, the executive vice president owned 42,587 shares in the company, valued at approximately $3,412,922.18. This represents a 21.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on UNM. Wall Street Zen upgraded shares of Unum Group from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Zacks Research raised shares of Unum Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings upgraded shares of Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Keefe, Bruyette & Woods reissued a “moderate buy” rating and issued a $95.00 price target on shares of Unum Group in a research note on Thursday, March 26th. Finally, Truist Financial raised their price objective on shares of Unum Group from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Unum Group presently has a consensus rating of “Moderate Buy” and an average price target of $93.83.

About Unum Group

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.