Glenmede Trust Co. NA Reduces Holdings in Unum Group $UNM

Glenmede Trust Co. NA lowered its stake in Unum Group (NYSE:UNM) by 25.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,259 shares of the financial services provider’s stock after selling 12,103 shares during the quarter. Glenmede Trust Co. NA’s holdings in Unum Group were worth $2,648,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of UNM. Laurel Wealth Advisors LLC purchased a new position in Unum Group during the fourth quarter worth $25,000. SHP Wealth Management purchased a new stake in shares of Unum Group in the fourth quarter valued at $25,000. MBM Wealth Consultants LLC purchased a new stake in shares of Unum Group in the first quarter valued at $29,000. Triumph Capital Management acquired a new stake in shares of Unum Group during the third quarter valued at $31,000. Finally, Ancora Advisors LLC increased its position in Unum Group by 385.2% during the 3rd quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 339 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Stock Up 1.2%

Shares of NYSE:UNM opened at $91.23 on Wednesday. The stock’s 50-day moving average price is $88.39 and its two-hundred day moving average price is $80.47. 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 12-month low of $68.28 and a 12-month high of $93.21. The firm has a market cap of $14.44 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 0.95 and a beta of 0.26.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $2.16 EPS for the quarter, meeting the consensus estimate of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the business earned $1.92 EPS. The firm’s revenue was up .3% on a year-over-year basis. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. On average, research analysts forecast that Unum Group will post 8.68 EPS for the current year.

Unum Group Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on UNM. Barclays boosted their target price on shares of Unum Group from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Wall Street Zen upgraded shares of Unum Group from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Jefferies Financial Group boosted their price objective on shares of Unum Group from $117.00 to $123.00 and gave the company a “buy” rating in a research report on Friday, July 10th. UBS Group set a $94.00 price objective on shares of Unum Group in a research note on Tuesday, July 7th. Finally, Wells Fargo & Company raised their target price on shares of Unum Group from $100.00 to $101.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $99.00.

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.