State of Wyoming Lowers Stock Holdings in Unum Group $UNM

State of Wyoming lowered its stake in Unum Group (NYSE:UNM) by 77.8% during the first quarter, HoldingsChannel reports. The firm owned 1,792 shares of the financial services provider’s stock after selling 6,297 shares during the quarter. State of Wyoming’s holdings in Unum Group were worth $131,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of UNM. Norges Bank purchased a new position in Unum Group in the 4th quarter valued at $1,108,919,000. Zurich Insurance Group Ltd FI acquired a new position in Unum Group in the 4th quarter valued at $58,860,000. Alyeska Investment Group L.P. raised its position in Unum Group by 365.3% during the 4th quarter. Alyeska Investment Group L.P. now owns 930,534 shares of the financial services provider’s stock worth $72,116,000 after buying an additional 730,534 shares during the last quarter. AQR Capital Management LLC raised its position in Unum Group by 35.1% during 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 last quarter. Finally, Two Sigma Investments LP lifted its stake in shares of Unum Group by 127.3% in the 3rd quarter. Two Sigma Investments LP now owns 864,485 shares of the financial services provider’s stock worth $67,240,000 after acquiring an additional 484,107 shares during the period. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Wall Street Analysts Forecast Growth

UNM has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Unum Group from $90.00 to $101.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Wall Street Zen upgraded shares of Unum Group from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Barclays lifted their price objective on Unum Group from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Zacks Research upgraded Unum Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Evercore reissued an “outperform” rating and set a $106.00 target price on shares of Unum Group in a research note on Tuesday, July 7th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $99.25.

Unum Group Stock Performance

NYSE UNM opened at $86.13 on Friday. The business has a 50 day moving average price of $88.14 and a 200 day moving average price of $80.31. The company has a market capitalization of $13.63 billion, a P/E ratio of 20.08, a PEG ratio of 0.90 and a beta of 0.25. Unum Group has a 1-year low of $68.28 and a 1-year high of $93.21. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.34 and a quick ratio of 0.35.

Unum Group (NYSE:UNM) last posted its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 EPS for the quarter, hitting analysts’ consensus estimates of $2.16. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $2.90 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.Unum Group’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.92 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Sell-side analysts expect that Unum Group will post 8.7 EPS for the current fiscal year.

Unum Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 24th will be paid a dividend of $0.505 per share. This is a boost from Unum Group’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, July 24th. This represents a $2.02 annualized dividend and a dividend yield of 2.3%. Unum Group’s dividend payout ratio is presently 47.09%.

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.