Unum Group $UNM Stock Position Lifted by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its stake in Unum Group (NYSE:UNM) by 33.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 183,823 shares of the financial services provider’s stock after purchasing an additional 46,305 shares during the quarter. Russell Investments Group Ltd.’s holdings in Unum Group were worth $16,434,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of Unum Group during the 4th quarter valued at $247,000. EverSource Wealth Advisors LLC grew its holdings in shares of 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 valued at $149,000 after acquiring an additional 1,132 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of Unum Group by 26.6% in the second quarter. Baird Financial Group Inc. now owns 7,939 shares of the financial services provider’s stock worth $641,000 after acquiring an additional 1,666 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of Unum Group by 13.2% in the second quarter. Brown Advisory Inc. now owns 6,445 shares of the financial services provider’s stock worth $520,000 after acquiring an additional 753 shares during the last quarter. Finally, Cresset Asset Management LLC raised its holdings in shares of Unum Group by 6.1% during the second 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 in the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Unum Group Stock Up 0.8%

UNM opened at $93.41 on Friday. The business has a 50 day moving average price of $89.51 and a 200 day moving average price of $81.26. Unum Group has a twelve month low of $68.28 and a twelve month high of $94.55. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a market cap of $14.79 billion, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 0.99 and a beta of 0.26.

Unum Group (NYSE:UNM) last announced its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the business earned $1.92 earnings per share. The company’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. Research analysts forecast that Unum Group will post 8.65 EPS for the current year.

Unum Group Increases Dividend

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

Analysts Set New Price Targets

A number of research firms recently issued reports on UNM. Morgan Stanley lifted their price objective on Unum Group from $80.00 to $87.00 and gave the company an “equal weight” rating in a research report on Thursday, May 21st. Keefe, Bruyette & Woods dropped their target price on Unum Group from $110.00 to $108.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Jefferies Financial Group raised their price target on Unum Group from $117.00 to $123.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Atlantic Securities set a $88.00 price target on Unum Group in a report on Wednesday, July 15th. Finally, UBS Group set a $94.00 price target on Unum Group in a report on Tuesday, July 7th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.00.

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.