220,109 Shares in Unum Group $UNM Purchased by Legal & General Group Plc

Legal & General Group Plc acquired a new stake in shares of Unum Group (NYSE:UNM) during the 2nd quarter, Holdings Channel reports. The fund acquired 220,109 shares of the financial services provider’s stock, valued at approximately $19,678,000.

Several other large investors have also bought and sold shares of the company. Prosperity Consulting Group LLC increased its position in shares of Unum Group by 1.6% during the first quarter. Prosperity Consulting Group LLC now owns 8,157 shares of the financial services provider’s stock valued at $596,000 after acquiring an additional 128 shares in the last quarter. D.A. Davidson & CO. boosted its stake in Unum Group by 1.9% during the 1st quarter. D.A. Davidson & CO. now owns 7,922 shares of the financial services provider’s stock valued at $579,000 after purchasing an additional 144 shares during the last quarter. WPG Advisers LLC increased its holdings in shares of Unum Group by 12.5% in the 2nd quarter. WPG Advisers LLC now owns 1,301 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 145 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Unum Group by 5.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,781 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 149 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of Unum Group by 0.4% in the fourth quarter. Larson Financial Group LLC now owns 37,864 shares of the financial services provider’s stock worth $2,934,000 after purchasing an additional 159 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on UNM shares. Evercore reaffirmed an “outperform” rating and set a $106.00 price target on shares of Unum Group in a report on Tuesday, July 7th. Atlantic Securities set a $88.00 target price on Unum Group in a research report on Wednesday, July 15th. Keefe, Bruyette & Woods lowered their target price on shares of Unum Group from $110.00 to $108.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. Barclays upped 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. Finally, Wolfe Research reduced their price target on shares of Unum Group from $102.00 to $100.00 and set an “outperform” rating for the company in a research note on Monday, July 6th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Unum Group has a consensus rating of “Moderate Buy” and an average target price of $99.42.

Unum Group Price Performance

Shares of NYSE:UNM opened at $93.16 on Friday. The firm’s 50 day moving average price is $89.40 and its 200-day moving average price is $82.23. Unum Group has a twelve month low of $68.70 and a twelve month high of $94.55. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $14.75 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 0.98 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, meeting the consensus estimate of $2.16. Unum Group had a net margin of 5.26% and a return on equity of 12.60%. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the previous year, the business posted $1.92 earnings per share. The firm’s quarterly revenue was up .3% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Equities research analysts expect that Unum Group will post 8.64 EPS for the current year.

Unum Group Increases Dividend

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

Unum Group declared that its Board of Directors has approved a share buyback program on Wednesday, August 26th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

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.