Crossmark Global Holdings Inc. Cuts Stock Holdings in Unum Group $UNM

Crossmark Global Holdings Inc. reduced its stake in Unum Group (NYSE:UNM) by 63.5% during the 4th quarter, Holdings Channel reports. The fund owned 11,221 shares of the financial services provider’s stock after selling 19,551 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Unum Group were worth $870,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. First Trust Advisors LP boosted its stake in shares of 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 buying an additional 223,095 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Unum Group by 5.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,777,880 shares of the financial services provider’s stock worth $293,837,000 after buying an additional 179,401 shares in the last quarter. Allianz Asset Management GmbH increased its stake in shares of Unum Group by 63.7% during the third quarter. Allianz Asset Management GmbH now owns 2,516,126 shares of the financial services provider’s stock worth $195,704,000 after buying an additional 978,937 shares during the period. AQR Capital Management LLC increased its stake in shares of Unum Group by 35.1% during the third quarter. AQR Capital Management LLC now owns 2,339,289 shares of the financial services provider’s stock worth $181,622,000 after buying an additional 607,684 shares during the period. Finally, UBS Group AG raised its holdings in Unum Group by 5.4% in the fourth quarter. UBS Group AG now owns 1,356,916 shares of the financial services provider’s stock valued at $105,161,000 after acquiring an additional 68,957 shares in the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Unum Group

Here are the key news stories impacting Unum Group this week:

• Positive Sentiment: Unum remains above the latest consensus-style expectations for near-term earnings, and Zacks still has a Hold rating rather than a bearish call, which may limit downside pressure.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Unum Group from $99.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Evercore set a $103.00 price objective on shares of Unum Group in a research report on Friday, February 6th. Morgan Stanley reduced their price objective on shares of Unum Group from $85.00 to $80.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 3rd. Barclays reaffirmed an “overweight” rating on shares of Unum Group in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. dropped their target price on Unum Group from $92.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Unum Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.25.

Unum Group Price Performance

UNM stock opened at $80.37 on Thursday. The business has a 50 day moving average price of $76.14 and a 200 day moving average price of $75.99. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.35. The stock has a market cap of $12.84 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 0.83 and a beta of 0.24. Unum Group has a fifty-two week low of $68.28 and a fifty-two week high of $83.13.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $2.14 EPS for the quarter, beating the consensus estimate of $2.07 by $0.07. Unum Group had a net margin of 5.86% and a return on equity of 12.60%. The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $2.91 billion. During the same period in the prior year, the firm posted $2.04 earnings per share. The firm’s revenue was up 8.5% on a year-over-year basis. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. Equities research analysts anticipate that Unum Group will post 8.73 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, April 24th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, April 24th. Unum Group’s dividend payout ratio (DPR) is 40.00%.

Insider Activity

In other Unum Group news, Director Cynthia Egan sold 9,000 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $73.00, for a total value of $657,000.00. Following the completion of the transaction, the director owned 42,846 shares in the company, valued at $3,127,758. This represents a 17.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Timothy F. Keaney sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $72.58, for a total value of $326,610.00. Following the transaction, the director directly owned 38,592 shares in the company, valued at approximately $2,801,007.36. The trade was a 10.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 33,852 shares of company stock worth $2,552,414 over the last three months. Company insiders own 1.00% of the company’s stock.

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.