North Dakota State Investment Board Takes Position in Unum Group $UNM

North Dakota State Investment Board acquired a new stake in shares of Unum Group (NYSE:UNM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,952 shares of the financial services provider’s stock, valued at approximately $461,000.

Other hedge funds have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new position in shares of Unum Group during the fourth quarter valued at about $25,000. Triumph Capital Management acquired a new position in shares of Unum Group during the third quarter valued at about $31,000. Ancora Advisors LLC grew its holdings in shares of Unum Group by 385.2% during the third quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock valued at $33,000 after buying an additional 339 shares during the last quarter. Danske Bank A S acquired a new position in shares of Unum Group during the third quarter valued at about $47,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Unum Group during the fourth quarter valued at about $48,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Unum Group Stock Up 0.1%

UNM opened at $84.55 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.35 and a quick ratio of 0.35. The company’s 50-day moving average is $77.54 and its 200 day moving average is $76.38. Unum Group has a fifty-two week low of $68.28 and a fifty-two week high of $85.27. The firm has a market capitalization of $13.51 billion, a P/E ratio of 18.38, a PEG ratio of 0.86 and a beta of 0.24.

Unum Group (NYSE:UNM) last released its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the firm earned $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. Research analysts expect that Unum Group will post 8.73 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were given a $0.46 dividend. The ex-dividend date of this dividend was Friday, April 24th. This represents a $1.84 annualized dividend and a yield of 2.2%. Unum Group’s payout ratio is currently 40.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Unum Group from $99.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Bank of America dropped their price target on shares of Unum Group from $83.00 to $77.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Evercore set a $103.00 price target on shares of Unum Group in a research report on Friday, February 6th. Truist Financial raised their price target on shares of Unum Group from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Zacks Research raised shares of Unum Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Unum Group currently has a consensus rating of “Moderate Buy” and an average price target of $93.83.

Insider Buying and Selling at Unum Group

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 12,000 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $80.14, for a total value of $961,680.00. Following the transaction, the executive vice president directly owned 42,587 shares in the company, valued at $3,412,922.18. The trade was a 21.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher W. Pyne sold 4,852 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $72.47, for a total transaction of $351,624.44. Following the completion of the transaction, the executive vice president owned 52,268 shares in the company, valued at approximately $3,787,861.96. The trade was a 8.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 20,352 shares of company stock worth $1,568,804 over the last three months. 1.00% of the stock is currently owned by insiders.

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.