Principal Financial Group Inc. Has $29.85 Million Holdings in Unum Group $UNM

Principal Financial Group Inc. decreased its holdings in Unum Group (NYSE:UNM) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 333,861 shares of the financial services provider’s stock after selling 6,677 shares during the quarter. Principal Financial Group Inc. owned 0.21% of Unum Group worth $29,847,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new stake in shares of Unum Group in the fourth quarter worth approximately $247,000. EverSource Wealth Advisors LLC boosted its position in shares of Unum Group by 157.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,851 shares of the financial services provider’s stock valued at $149,000 after buying an additional 1,132 shares during the last quarter. Baird Financial Group Inc. grew its holdings in Unum Group by 26.6% during the second quarter. Baird Financial Group Inc. now owns 7,939 shares of the financial services provider’s stock worth $641,000 after buying an additional 1,666 shares in the last quarter. Brown Advisory Inc. grew its holdings in Unum Group by 13.2% during the second quarter. Brown Advisory Inc. now owns 6,445 shares of the financial services provider’s stock worth $520,000 after buying an additional 753 shares in the last quarter. Finally, Cresset Asset Management LLC raised its position in Unum Group by 6.1% in the 2nd quarter. Cresset Asset Management LLC now owns 6,715 shares of the financial services provider’s stock valued at $542,000 after buying an additional 386 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Stock Performance

Shares of Unum Group stock opened at $93.41 on Friday. The business’s fifty day simple moving average is $89.51 and its 200 day simple moving average is $81.26. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. Unum Group has a 12 month low of $68.28 and a 12 month high of $94.55. The firm has a market capitalization of $14.79 billion, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 0.98 and a beta of 0.26.

Unum Group (NYSE:UNM) last announced its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the prior year, the company earned $1.92 EPS. The business’s revenue for the quarter was up .3% on a year-over-year basis. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, analysts anticipate that Unum Group will post 8.65 EPS for the current year.

Unum Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 24th were given a dividend of $0.505 per share. The ex-dividend date was Friday, July 24th. This is an increase from Unum Group’s previous quarterly dividend of $0.46. This represents a $2.02 annualized dividend and a yield of 2.2%. Unum Group’s dividend payout ratio (DPR) is currently 47.09%.

Analyst Ratings Changes

Several brokerages have weighed in on UNM. Keefe, Bruyette & Woods dropped their price objective on Unum Group from $110.00 to $108.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. Evercore reiterated an “outperform” rating and issued a $106.00 target price on shares of Unum Group in a research note on Tuesday, July 7th. Truist Financial increased their target price on shares of Unum Group from $88.00 to $96.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Wells Fargo & Company raised their price target on shares of Unum Group from $100.00 to $101.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. cut their price target on shares of Unum Group from $101.00 to $98.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $99.00.

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.