Unum Group $UNM Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC cut its holdings in Unum Group (NYSE:UNM) by 93.7% during the third quarter, HoldingsChannel reports. The firm owned 4,439 shares of the financial services provider’s stock after selling 66,024 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Unum Group were worth $345,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Unum Group during the second quarter worth about $1,113,353,000. First Trust Advisors LP increased its position in Unum Group by 4.0% in the 3rd quarter. First Trust Advisors LP now owns 5,734,937 shares of the financial services provider’s stock valued at $446,063,000 after acquiring an additional 223,095 shares during the period. Dimensional Fund Advisors LP increased its position in Unum Group by 5.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,777,880 shares of the financial services provider’s stock valued at $293,837,000 after acquiring an additional 179,401 shares during the period. Geode Capital Management LLC raised its stake in Unum Group by 7.0% during the 2nd quarter. Geode Capital Management LLC now owns 3,341,589 shares of the financial services provider’s stock valued at $271,862,000 after acquiring an additional 219,076 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its position in Unum Group by 63.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 2,516,126 shares of the financial services provider’s stock worth $195,704,000 after acquiring an additional 978,937 shares during the period. 86.57% of the stock is owned by hedge funds and other institutional investors.

Unum Group Trading Down 0.4%

NYSE:UNM opened at $72.49 on Thursday. Unum Group has a 52-week low of $66.81 and a 52-week high of $84.48. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.34. The stock has a fifty day simple moving average of $75.01 and a 200-day simple moving average of $75.48. The company has a market capitalization of $11.87 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 1.57 and a beta of 0.20.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.19). The business had revenue of $3.25 billion during 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 was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $2.03 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. On average, equities research analysts expect that Unum Group will post 9.14 earnings per share for the current fiscal year.

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

Unum Group Dividend Announcement

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

Insider Transactions at Unum Group

In related news, EVP Lisa G. Iglesias sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $73.00, for a total value of $255,500.00. Following the sale, the executive vice president owned 29,453 shares of the company’s stock, valued at approximately $2,150,069. This represents a 10.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy F. Keaney sold 4,500 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $72.58, for a total value of $326,610.00. Following the sale, the director owned 38,592 shares in the company, valued at approximately $2,801,007.36. This trade represents a 10.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 17,000 shares of company stock valued at $1,239,110 in the last ninety days. Corporate insiders own 0.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on UNM shares. JPMorgan Chase & Co. lowered their target price on Unum Group from $92.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Barclays restated an “overweight” rating on shares of Unum Group in a research note on Friday, February 6th. Zacks Research lowered shares of Unum Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 25th. UBS Group dropped their price objective on shares of Unum Group from $85.00 to $81.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. Finally, Wall Street Zen downgraded shares of Unum Group from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $94.40.

Unum Group 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.