BTC Capital Management Inc. Grows Holdings in Unum Group $UNM

BTC Capital Management Inc. boosted its position in shares of Unum Group (NYSE:UNM) by 17.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 100,186 shares of the financial services provider’s stock after acquiring an additional 14,771 shares during the period. BTC Capital Management Inc.’s holdings in Unum Group were worth $7,316,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in UNM. Norges Bank purchased a new stake in shares of Unum Group in the fourth quarter worth $1,108,919,000. First Trust Advisors LP raised its position in shares of Unum Group by 4.0% during 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 purchasing an additional 223,095 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Unum Group by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,653,246 shares of the financial services provider’s stock valued at $438,127,000 after buying an additional 26,753 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Unum Group by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,791,712 shares of the financial services provider’s stock valued at $293,868,000 after buying an additional 13,832 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Unum Group by 35.1% in the 3rd 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. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UNM. Bank of America cut their price target on Unum Group from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Weiss Ratings upgraded Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Zacks Research raised Unum Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. UBS Group increased their target price on Unum Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. Finally, Morgan Stanley lifted their target price on Unum Group from $80.00 to $87.00 and gave the company an “equal weight” rating in a research note on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.83.

Unum Group Stock Performance

UNM opened at $88.75 on Thursday. The stock has a market capitalization of $14.18 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 0.93 and a beta of 0.24. The company has a fifty day moving average of $83.71 and a 200 day moving average of $78.27. Unum Group has a fifty-two week low of $68.28 and a fifty-two week high of $93.21. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.35 and a current ratio of 0.35.

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, topping 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 business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $2.91 billion. During the same quarter in the previous year, the company earned $2.04 EPS. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. As a group, sell-side analysts forecast that Unum Group will post 8.76 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, April 24th. This represents a $1.84 dividend on an annualized basis and a yield of 2.1%. Unum Group’s dividend payout ratio is presently 40.00%.

Insiders Place Their Bets

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 12,000 shares of Unum Group stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $80.14, for a total value of $961,680.00. Following the sale, the executive vice president owned 42,587 shares of the company’s stock, valued at $3,412,922.18. The trade was a 21.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

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.