Public Employees Retirement System of Ohio Makes New $4.36 Million Investment in Unum Group $UNM

Public Employees Retirement System of Ohio bought a new position in Unum Group (NYSE:UNM) during the 2nd quarter, HoldingsChannel reports. The fund bought 48,714 shares of the financial services provider’s stock, valued at approximately $4,355,000.

A number of other institutional investors have also recently made changes to their positions in the company. Capstone Investment Advisors LLC purchased a new position in Unum Group in the 2nd quarter worth approximately $594,000. Redwood Investment Management LLC bought a new position in Unum Group in the 2nd quarter valued at approximately $1,160,000. Proficio Capital Partners LLC purchased a new stake in Unum Group during the 2nd quarter valued at $266,000. Corient Private Wealth LP purchased a new stake in Unum Group during the 2nd quarter valued at $12,064,000. Finally, Bank of America Corp DE bought a new stake in shares of Unum Group in the 2nd quarter worth $55,273,000. 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 a number of research analyst reports. Wells Fargo & Company upped their price target on Unum Group from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. UBS Group set a $94.00 price objective on Unum Group in a report on Tuesday, July 7th. Barclays boosted their target price on Unum Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Morgan Stanley raised their price target on shares of Unum Group from $87.00 to $92.00 and gave the company an “equal weight” rating in a report on Monday, August 24th. Finally, Atlantic Securities set a $88.00 price target on shares of Unum Group in a research note on Wednesday, July 15th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Unum Group has a consensus rating of “Moderate Buy” and a consensus target price of $99.42.

Unum Group Stock Up 1.2%

UNM opened at $92.77 on Thursday. The firm’s 50 day simple moving average is $89.53 and its two-hundred day simple moving average is $82.75. The company has a market capitalization of $14.69 billion, a PE ratio of 21.62, a PEG ratio of 0.97 and a beta of 0.27. Unum Group has a 1-year low of $69.02 and a 1-year high of $94.55. 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 (NYSE:UNM) last issued its quarterly earnings data 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 the consensus estimate of $2.90 billion. Unum Group had a net margin of 5.26% and a return on equity of 12.60%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.92 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, equities analysts forecast that Unum Group will post 8.64 EPS for the current year.

Unum Group Increases Dividend

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

Unum Group declared that its board has authorized 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 purchase up to 7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are 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.