Unum Group $UNM Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its position in shares of Unum Group (NYSE:UNM) by 22.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 35,745 shares of the financial services provider’s stock after buying an additional 6,456 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Unum Group were worth $2,610,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new stake in Unum Group in the fourth quarter worth approximately $25,000. SHP Wealth Management acquired a new position in shares of Unum Group during the 4th quarter valued at $25,000. MBM Wealth Consultants LLC bought a new stake in shares of Unum Group in the 1st quarter worth $29,000. Triumph Capital Management acquired a new stake in shares of Unum Group in the third quarter valued at $31,000. Finally, Ancora Advisors LLC lifted its holdings in shares of Unum Group by 385.2% in 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 period. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UNM has been the subject of several research reports. Weiss Ratings raised Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Wells Fargo & Company upped their price target on shares of Unum Group from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. UBS Group set a $94.00 price objective on shares of Unum Group in a research report on Tuesday, July 7th. Keefe, Bruyette & Woods restated a “moderate buy” rating and set a $95.00 price objective on shares of Unum Group in a research report on Thursday, March 26th. Finally, Zacks Research raised shares of Unum Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $98.09.

Insider Transactions at Unum Group

In related news, EVP Elizabeth Claire Ahmed sold 12,000 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $80.14, for a total value of $961,680.00. Following the completion of the sale, the executive vice president directly owned 42,587 shares of the company’s stock, valued at approximately $3,412,922.18. This represents a 21.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Unum Group Trading Down 1.0%

NYSE UNM opened at $88.55 on Wednesday. Unum Group has a twelve month low of $68.28 and a twelve month high of $93.21. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market cap of $14.15 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 0.91 and a beta of 0.25. The firm’s 50 day moving average price is $86.73 and its two-hundred day moving average price is $79.52.

Unum Group (NYSE:UNM) last released its earnings results on Tuesday, April 28th. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.07. The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $2.91 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.86%.The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.04 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. Equities analysts anticipate that Unum Group will post 8.76 EPS for the current year.

Unum Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 24th will be given a dividend of $0.505 per share. The ex-dividend date of this dividend is Friday, July 24th. This is a positive change from Unum Group’s previous quarterly dividend of $0.46. This represents a $2.02 annualized dividend and a yield of 2.3%. Unum Group’s payout ratio is presently 43.91%.

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.