Kentucky Retirement Systems Invests $1.57 Million in Unum Group $UNM

Kentucky Retirement Systems acquired a new stake in Unum Group (NYSE:UNM) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 21,562 shares of the financial services provider’s stock, valued at approximately $1,575,000.

Several other institutional investors have also recently bought and sold shares of the business. Laurel Wealth Advisors LLC acquired a new stake in shares of Unum Group in the 4th quarter valued at approximately $25,000. SHP Wealth Management bought a new position in shares of Unum Group in the 4th quarter valued at $25,000. MBM Wealth Consultants LLC bought a new stake in Unum Group during the 1st quarter worth $29,000. Triumph Capital Management acquired a new position in Unum Group in the 3rd quarter worth about $31,000. Finally, Ancora Advisors LLC raised its position in 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 purchasing an additional 339 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Stock Performance

UNM stock opened at $86.13 on Friday. The firm has a market cap of $13.63 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 0.91 and a beta of 0.25. The company has a current ratio of 0.34, a quick ratio of 0.35 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average price of $88.14 and a 200-day moving average price of $80.31. Unum Group has a 1-year low of $68.28 and a 1-year high of $93.21.

Unum Group (NYSE:UNM) last announced its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 EPS for the quarter, meeting the consensus estimate of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the company earned $1.92 EPS. The firm’s revenue for the quarter 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, equities research analysts expect that Unum Group will post 8.72 earnings per share for the current year.

Unum Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 24th will be issued a dividend of $0.505 per share. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, July 24th. This is a positive change from Unum Group’s previous quarterly dividend of $0.46. Unum Group’s dividend payout ratio (DPR) is currently 47.09%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UNM. Bank of America reduced their price target on Unum Group from $83.00 to $77.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Wolfe Research decreased their price objective on Unum Group from $102.00 to $100.00 and set an “outperform” rating for the company in a report on Monday, July 6th. Wall Street Zen raised Unum Group from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Morgan Stanley increased their price target on Unum Group from $80.00 to $87.00 and gave the company an “equal weight” rating in a research note on Thursday, May 21st. Finally, Barclays upped their target price on Unum Group from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.25.

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.