Intech Investment Management LLC Lowers Holdings in Unum Group $UNM

Intech Investment Management LLC lowered its stake in shares of Unum Group (NYSE:UNM) by 5.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 119,251 shares of the financial services provider’s stock after selling 7,079 shares during the quarter. Intech Investment Management LLC owned about 0.07% of Unum Group worth $9,275,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of UNM. OneDigital Investment Advisors LLC raised its stake in Unum Group by 4.2% during the third quarter. OneDigital Investment Advisors LLC now owns 3,484 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 141 shares during the period. NDVR Inc. increased its holdings in shares of Unum Group by 3.3% during the 2nd quarter. NDVR Inc. now owns 4,526 shares of the financial services provider’s stock worth $366,000 after buying an additional 145 shares during the last quarter. True Wealth Design LLC raised its position in shares of Unum Group by 36.2% in the 3rd quarter. True Wealth Design LLC now owns 587 shares of the financial services provider’s stock worth $46,000 after buying an additional 156 shares during the period. Arizona State Retirement System boosted its holdings in Unum Group by 0.3% in the third quarter. Arizona State Retirement System now owns 49,017 shares of the financial services provider’s stock valued at $3,813,000 after acquiring an additional 160 shares during the last quarter. Finally, Savant Capital LLC boosted its holdings in Unum Group by 0.3% in the second quarter. Savant Capital LLC now owns 46,440 shares of the financial services provider’s stock valued at $3,750,000 after acquiring an additional 161 shares during the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UNM has been the topic of a number of research reports. Wells Fargo & Company cut their price objective on Unum Group from $104.00 to $102.00 and set an “overweight” rating on the stock in a report on Wednesday. Morgan Stanley set a $85.00 price target on shares of Unum Group in a report on Monday, December 15th. Jefferies Financial Group reaffirmed a “buy” rating and set a $115.00 price target on shares of Unum Group in a research report on Monday, January 5th. Barclays reissued an “overweight” rating on shares of Unum Group in a research report on Friday, February 6th. Finally, UBS Group reduced their target price on shares of Unum Group from $85.00 to $81.00 and set a “neutral” rating on the stock in a report on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $96.58.

Insider Buying and Selling at Unum Group

In other Unum Group news, Director Cynthia Egan sold 9,000 shares of the firm’s 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 completion of the sale, the director owned 42,846 shares in the company, valued at $3,127,758. This trade represents a 17.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Walter Lynn Rice, Jr. sold 900 shares of Unum Group stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $73.50, for a total value of $66,150.00. Following the sale, the chief accounting officer owned 8,940 shares in the company, valued at $657,090. This represents a 9.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 14,400 shares of company stock worth $1,049,760 in the last 90 days. 0.92% of the stock is owned by corporate insiders.

Unum Group Trading Up 1.9%

NYSE UNM opened at $73.85 on Friday. The stock has a market cap of $12.09 billion, a P/E ratio of 17.38, a PEG ratio of 1.62 and a beta of 0.20. The company’s fifty day simple moving average is $76.11 and its 200-day simple moving average is $75.25. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.34. Unum Group has a 52 week low of $66.81 and a 52 week high of $84.48.

Unum Group (NYSE:UNM) last released 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). The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.29 billion. Unum Group had a net margin of 5.65% and a return on equity of 12.62%. Unum Group’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $2.03 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Equities research analysts predict that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Dividend Announcement

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

Unum Group declared that its Board of Directors has authorized a stock buyback program on Thursday, December 4th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 8.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are 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.