Unum Group (NYSE:UNM) Stock Price Down 5.9% – Here’s Why

Unum Group (NYSE:UNM)’s share price fell 5.9% on Monday . The company traded as low as $87.70 and last traded at $86.9320. Approximately 850,807 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 1,510,461 shares. The stock had previously closed at $92.34.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Unum Group from $99.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Truist Financial raised their price objective on Unum Group from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Zacks Research raised shares of Unum Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Keefe, Bruyette & Woods reiterated a “moderate buy” rating and set a $95.00 price objective on shares of Unum Group in a research note on Thursday, March 26th. Finally, 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 report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Unum Group has a consensus rating of “Moderate Buy” and a consensus target price of $95.36.

Unum Group Trading Down 6.8%

The company has a market cap of $13.76 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 0.93 and a beta of 0.25. The company’s fifty day moving average price is $85.37 and its two-hundred day moving average price is $79.03. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.35.

Unum Group (NYSE:UNM) last announced its earnings results on Tuesday, April 28th. The financial services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $2.07 by $0.07. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $2.91 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.86%.Unum Group’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.04 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. Research analysts expect that Unum Group will post 8.77 earnings per share for the current year.

Unum Group Dividend Announcement

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

Insider Activity

In related news, EVP Elizabeth Claire Ahmed sold 12,000 shares of Unum Group stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $80.14, for a total value of $961,680.00. Following the completion of the transaction, the executive vice president directly owned 42,587 shares of the company’s stock, valued at $3,412,922.18. The trade was a 21.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Unum Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Unum Group during the fourth quarter worth approximately $1,108,919,000. Zurich Insurance Group Ltd FI acquired a new stake in shares of Unum Group in the fourth quarter valued at approximately $58,860,000. Alyeska Investment Group L.P. increased its holdings in shares of Unum Group by 365.3% in the fourth quarter. Alyeska Investment Group L.P. now owns 930,534 shares of the financial services provider’s stock valued at $72,116,000 after purchasing an additional 730,534 shares in the last quarter. AQR Capital Management LLC raised its position in Unum Group by 35.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,339,289 shares of the financial services provider’s stock worth $181,622,000 after purchasing an additional 607,684 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in Unum Group by 127.3% in the 3rd quarter. Two Sigma Investments LP now owns 864,485 shares of the financial services provider’s stock worth $67,240,000 after purchasing an additional 484,107 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

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.