940,681 Shares in Unum Group $UNM Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board acquired a new stake in Unum Group (NYSE:UNM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 940,681 shares of the financial services provider’s stock, valued at approximately $84,097,000.

A number of other hedge funds have also recently added to or reduced their stakes in UNM. Brighton Jones LLC bought a new stake in shares of Unum Group during the fourth quarter worth $247,000. EverSource Wealth Advisors LLC lifted its stake in shares of Unum Group by 157.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,851 shares of the financial services provider’s stock valued at $149,000 after acquiring an additional 1,132 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Unum Group by 26.6% during the 2nd quarter. Baird Financial Group Inc. now owns 7,939 shares of the financial services provider’s stock valued at $641,000 after acquiring an additional 1,666 shares in the last quarter. Brown Advisory Inc. boosted its holdings in shares of Unum Group by 13.2% during the 2nd quarter. Brown Advisory Inc. now owns 6,445 shares of the financial services provider’s stock valued at $520,000 after acquiring an additional 753 shares in the last quarter. Finally, Cresset Asset Management LLC grew its position in Unum Group by 6.1% during the 2nd quarter. Cresset Asset Management LLC now owns 6,715 shares of the financial services provider’s stock worth $542,000 after acquiring an additional 386 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on UNM. Keefe, Bruyette & Woods lowered their target price on Unum Group from $110.00 to $108.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. Truist Financial lifted their price target on Unum Group from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Jefferies Financial Group boosted their price target on Unum Group from $117.00 to $123.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Barclays upped their price objective on Unum Group from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Finally, Wells Fargo & Company raised their price objective on shares of Unum Group from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $99.42.

Unum Group Stock Performance

NYSE UNM opened at $91.45 on Thursday. The company has a market capitalization of $14.48 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 0.95 and a beta of 0.26. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.35. Unum Group has a twelve month low of $68.70 and a twelve month high of $94.55. The stock has a fifty day simple moving average of $89.29 and a 200 day simple moving average of $82.03.

Unum Group (NYSE:UNM) last announced its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 EPS for the quarter, hitting the consensus estimate of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the business earned $1.92 EPS. The business’s quarterly revenue was up .3% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Sell-side analysts expect that Unum Group will post 8.64 EPS for the current year.

Unum Group Increases Dividend

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

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

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.