Connor Clark & Lunn Investment Management Ltd. Takes $12.95 Million Position in Unum Group $UNM

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Unum Group (NYSE:UNM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 144,848 shares of the financial services provider’s stock, valued at approximately $12,949,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.09% of Unum Group at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new position in Unum Group during the 4th quarter valued at $25,000. SHP Wealth Management bought a new stake in Unum Group in the 4th quarter valued at $25,000. MBM Wealth Consultants LLC acquired a new stake in Unum Group in the 1st quarter worth $29,000. Triumph Capital Management acquired a new stake in Unum Group in the 3rd quarter worth $31,000. Finally, Ancora Advisors LLC increased its holdings in shares of 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 during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Trading Up 0.3%

Shares of Unum Group stock opened at $89.80 on Wednesday. The firm has a market capitalization of $14.22 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 0.95 and a beta of 0.26. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.34 and a quick ratio of 0.34. The company’s fifty day moving average price is $89.29 and its two-hundred day moving average price is $81.91. Unum Group has a 52-week low of $68.70 and a 52-week high of $94.55.

Unum Group (NYSE:UNM) last announced 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 company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Unum Group had a net margin of 5.26% and a return on equity of 12.60%. The business’s revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.92 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. On average, analysts expect that Unum Group will post 8.65 EPS for the current year.

Unum Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 24th were given a $0.505 dividend. This represents a $2.02 annualized dividend and a yield of 2.2%. This is a boost from Unum Group’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, July 24th. Unum Group’s dividend payout ratio (DPR) is currently 47.09%.

Analyst Ratings Changes

UNM has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut their price objective on shares of Unum Group from $110.00 to $108.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Atlantic Securities set a $88.00 target price on Unum Group in a research report on Wednesday, July 15th. Weiss Ratings upgraded Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. 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. Finally, Morgan Stanley raised their price objective on Unum Group from $87.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Monday. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Unum Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.42.

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.