Unum Group $UNM Shares Sold by Vestcor Inc

Vestcor Inc lowered its holdings in shares of Unum Group (NYSE:UNM) by 11.3% in the fourth quarter, Holdings Channel reports. The firm owned 133,192 shares of the financial services provider’s stock after selling 16,937 shares during the quarter. Vestcor Inc’s holdings in Unum Group were worth $10,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of UNM. Brighton Jones LLC acquired a new stake in Unum Group during the 4th quarter worth $247,000. EverSource Wealth Advisors LLC boosted its stake in Unum Group by 157.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,851 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 1,132 shares during the period. Baird Financial Group Inc. boosted its stake in 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 worth $641,000 after purchasing an additional 1,666 shares during the period. Brown Advisory Inc. boosted its stake in Unum Group by 13.2% during the 2nd quarter. Brown Advisory Inc. now owns 6,445 shares of the financial services provider’s stock worth $520,000 after purchasing an additional 753 shares during the period. Finally, Cresset Asset Management LLC boosted its stake 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 purchasing an additional 386 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Stock Performance

Shares of UNM opened at $86.71 on Friday. The company has a 50-day simple moving average of $79.67 and a 200-day simple moving average of $76.89. 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 company has a market capitalization of $13.85 billion, a PE ratio of 18.85, a P/E/G ratio of 0.86 and a beta of 0.24. Unum Group has a 52-week low of $68.28 and a 52-week high of $86.88.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.07. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $2.91 billion. Unum Group had a net margin of 5.86% and a return on equity of 12.60%. The business’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.04 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. Equities research analysts predict that Unum Group will post 8.76 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, April 24th. Unum Group’s dividend payout ratio (DPR) is currently 40.00%.

Insider Activity

In other Unum Group news, EVP Christopher W. Pyne sold 4,852 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $72.47, for a total transaction of $351,624.44. Following the completion of the transaction, the executive vice president directly owned 52,268 shares in the company, valued at approximately $3,787,861.96. This trade represents a 8.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Lisa G. Iglesias sold 3,500 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $73.00, for a total transaction of $255,500.00. Following the transaction, the executive vice president owned 29,453 shares of the company’s stock, valued at $2,150,069. This trade represents a 10.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 20,352 shares of company stock worth $1,568,804 in the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Zacks Research upgraded shares of Unum Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Truist Financial raised their target price on shares of Unum Group from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Wells Fargo & Company raised their target price on shares of Unum Group from $99.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Barclays restated an “overweight” rating on shares of Unum Group in a research note on Friday, February 6th. Finally, Wall Street Zen upgraded shares of Unum Group from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Unum Group has a consensus rating of “Moderate Buy” and a consensus target price of $93.83.

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.