Hsbc Holdings PLC Sells 33,046 Shares of Unum Group $UNM

Hsbc Holdings PLC lowered its position in Unum Group (NYSE:UNM) by 74.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,259 shares of the financial services provider’s stock after selling 33,046 shares during the quarter. Hsbc Holdings PLC’s holdings in Unum Group were worth $873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in UNM. UBS Group AG grew its stake in shares of 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 worth $105,161,000 after purchasing an additional 68,957 shares during the last quarter. Qsemble Capital Management LP increased its holdings in Unum Group by 245.9% in the fourth quarter. Qsemble Capital Management LP now owns 106,742 shares of the financial services provider’s stock valued at $8,273,000 after purchasing an additional 75,885 shares during the period. SG Americas Securities LLC raised its position in Unum Group by 1,167.7% during the 4th quarter. SG Americas Securities LLC now owns 153,696 shares of the financial services provider’s stock worth $11,911,000 after purchasing an additional 141,572 shares during the last quarter. GSA Capital Partners LLP bought a new position in Unum Group during the 4th quarter worth $2,567,000. Finally, TABR Capital Management LLC bought a new position in Unum Group during the 4th quarter worth $5,768,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Unum Group Stock Performance

Shares of UNM stock opened at $88.55 on Wednesday. The company has a market cap of $14.15 billion, a price-to-earnings ratio of 19.25, a price-to-earnings-growth ratio of 0.91 and a beta of 0.25. Unum Group has a 52 week low of $68.28 and a 52 week high of $93.21. 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 firm has a 50 day moving average of $86.73 and a 200-day moving average of $79.52.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $2.14 earnings per share 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 during the quarter, compared to analyst estimates of $2.91 billion. During the same quarter in the previous year, the business posted $2.04 EPS. Unum Group’s revenue for the quarter 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. On average, equities analysts forecast that Unum Group will post 8.76 earnings per share for the current year.

Unum Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 24th will be paid a $0.505 dividend. This represents a $2.02 annualized dividend and a yield of 2.3%. This is an increase from Unum Group’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, July 24th. Unum Group’s payout ratio is presently 43.91%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. UBS Group set a $94.00 price target on Unum Group in a research report on Tuesday, July 7th. Bank of America lowered their price objective on Unum Group from $83.00 to $77.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Jefferies Financial Group lifted their price objective on Unum Group from $117.00 to $123.00 and gave the stock a “buy” rating in a research note on Friday. Wells Fargo & Company upped their target price on Unum Group from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Finally, Truist Financial increased their target price 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. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $98.09.

Insiders Place Their Bets

In other news, EVP Elizabeth Claire Ahmed sold 12,000 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $80.14, for a total transaction of $961,680.00. Following the transaction, the executive vice president owned 42,587 shares in the company, valued at approximately $3,412,922.18. This represents a 21.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.