Strs Ohio boosted its holdings in Unum Group (NYSE:UNM – Free Report) by 887.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,972 shares of the financial services provider’s stock after purchasing an additional 35,923 shares during the quarter. Strs Ohio’s holdings in Unum Group were worth $2,919,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in shares of Unum Group during the 4th quarter worth approximately $247,000. EverSource Wealth Advisors LLC raised its position in shares of Unum Group by 157.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,851 shares of the financial services provider’s stock valued at $149,000 after buying an additional 1,132 shares in the last quarter. Baird Financial Group Inc. boosted its stake in shares of Unum Group by 26.6% in the second quarter. Baird Financial Group Inc. now owns 7,939 shares of the financial services provider’s stock valued at $641,000 after buying an additional 1,666 shares during the period. Brown Advisory Inc. boosted its stake in shares of Unum Group by 13.2% in the second quarter. Brown Advisory Inc. now owns 6,445 shares of the financial services provider’s stock valued at $520,000 after buying an additional 753 shares during the period. Finally, Cresset Asset Management LLC grew its position in Unum Group by 6.1% during the second quarter. Cresset Asset Management LLC now owns 6,715 shares of the financial services provider’s stock worth $542,000 after buying an additional 386 shares in the last quarter. Institutional investors own 86.57% of the company’s stock.
Unum Group Price Performance
Shares of UNM stock traded down $0.20 on Tuesday, reaching $89.31. The company had a trading volume of 127,029 shares, compared to its average volume of 1,514,139. The stock has a market capitalization of $14.27 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 0.93 and a beta of 0.25. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.35. Unum Group has a one year low of $68.28 and a one year high of $93.21. The business’s 50-day moving average is $85.61 and its 200 day moving average is $79.12.
Unum Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were issued a dividend of $0.46 per share. The ex-dividend date was Friday, April 24th. This represents a $1.84 annualized dividend and a dividend yield of 2.1%. Unum Group’s dividend payout ratio is 40.00%.
Analyst Ratings Changes
Several equities analysts have weighed in on UNM shares. Morgan Stanley lifted their price objective on Unum Group from $80.00 to $87.00 and gave the company an “equal weight” rating in a report on Thursday, May 21st. Weiss Ratings upgraded Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Wells Fargo & Company boosted their price target on Unum Group from $99.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Wolfe Research reduced their price objective on shares of Unum Group from $102.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Keefe, Bruyette & Woods reissued a “moderate buy” rating and issued a $95.00 target price on shares of Unum Group in a report on Thursday, March 26th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $96.18.
Insider Activity at Unum Group
In other news, EVP Elizabeth Claire Ahmed sold 12,000 shares of the stock in a transaction 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 completion of the transaction, the executive vice president directly owned 42,587 shares in the company, valued at approximately $3,412,922.18. This represents a 21.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.
Key Stories Impacting Unum Group
Here are the key news stories impacting Unum Group this week:
- Positive Sentiment: Unum announced a $3.8 billion long-term care reinsurance deal with Fortitude Re, which reduces its statutory reserves exposure and should help lower risk tied to its LTC book. Unum Group Announces $3.8 Billion Long-Term Care Reinsurance Transaction with Fortitude Re
- Positive Sentiment: Barclays raised its price target on Unum Group to $110 from $105 and kept an overweight rating, signaling continued confidence in the stock’s upside. Unum Group PT Raised to $110 at Barclays
- Neutral Sentiment: Unum held an M&A call and posted related presentation materials on the Fortitude Re transaction, but these items appear to be updates and context around the deal rather than new market-moving information. Unum Group (UNM) M&A Call Transcript
- Neutral Sentiment: Wolfe Research trimmed its price target to $100 from $102, but maintained an outperform rating, which still implies further upside even after the cut. Unum Group PT Lowered to $100 at Wolfe Research
About Unum Group
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.
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