UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Holdings in Unum Group $UNM

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of Unum Group (NYSE:UNM) by 6.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 508,944 shares of the financial services provider’s stock after selling 35,553 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.32% of Unum Group worth $45,500,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hsbc Holdings PLC increased its holdings in Unum Group by 56.2% in the 2nd quarter. Hsbc Holdings PLC now owns 22,358 shares of the financial services provider’s stock valued at $2,007,000 after purchasing an additional 8,043 shares during the last quarter. Kingsview Wealth Management LLC purchased a new position in Unum Group in the second quarter worth approximately $636,000. Beacon Pointe Advisors LLC acquired a new position in shares of Unum Group during the second quarter worth $323,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Unum Group during the 2nd quarter worth about $6,473,000. Finally, Glenview Trust Co acquired a new position in Unum Group in the second quarter valued at approximately $527,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Unum Group Price Performance

Shares of UNM opened at $92.77 on Thursday. The firm has a market cap of $14.69 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 0.97 and a beta of 0.27. The stock has a 50 day moving average of $89.53 and a 200-day moving average of $82.75. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. Unum Group has a 52 week low of $69.02 and a 52 week high of $94.55.

Unum Group (NYSE:UNM) last posted its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.16. The firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $2.90 billion. Unum Group had a net margin of 5.26% and a return on equity of 12.60%. Unum Group’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the business posted $1.92 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, analysts forecast that Unum Group will post 8.64 EPS for the current year.

Unum Group declared that its Board of Directors has approved a share buyback plan on Wednesday, August 26th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Unum Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 24th were given a $0.505 dividend. This is a positive change from Unum Group’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, July 24th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.2%. Unum Group’s dividend payout ratio is 47.09%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on UNM. Morgan Stanley raised their price target on Unum Group from $87.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Monday, August 24th. Atlantic Securities set a $88.00 price target on shares of Unum Group in a research note on Wednesday, July 15th. UBS Group set a $94.00 price objective on Unum Group in a report on Tuesday, July 7th. Barclays upped their target price on shares of Unum Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Finally, Weiss Ratings upgraded Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.42.

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.