Renaissance Technologies LLC Purchases New Position in Unum Group $UNM

Renaissance Technologies LLC acquired a new position in Unum Group (NYSE:UNM) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 96,500 shares of the financial services provider’s stock, valued at approximately $7,047,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. UBS Group AG increased its holdings in shares of Unum Group by 5.4% in the 4th quarter. UBS Group AG now owns 1,356,916 shares of the financial services provider’s stock worth $105,161,000 after purchasing an additional 68,957 shares in the last quarter. Qsemble Capital Management LP lifted its holdings in shares of Unum Group by 245.9% during the fourth quarter. Qsemble Capital Management LP now owns 106,742 shares of the financial services provider’s stock valued at $8,273,000 after purchasing an additional 75,885 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Unum Group during the fourth quarter valued at $2,567,000. TABR Capital Management LLC purchased a new stake in shares of Unum Group during the fourth quarter valued at $5,768,000. Finally, Swedbank AB boosted its position in shares of Unum Group by 148.3% during the fourth quarter. Swedbank AB now owns 467,505 shares of the financial services provider’s stock valued at $36,232,000 after buying an additional 279,233 shares during the last quarter. 86.57% of the stock is owned by institutional investors.

Unum Group Trading Up 1.2%

Shares of NYSE:UNM opened at $91.23 on Wednesday. The stock’s 50-day simple moving average is $88.39 and its two-hundred day simple moving average is $80.47. The stock has a market capitalization 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 has a 52-week low of $68.28 and a 52-week high of $93.21. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 0.34.

Unum Group (NYSE:UNM) last released 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 net margin of 5.26% and a return on equity of 12.60%. The firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the firm earned $1.92 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Analysts expect that Unum Group will post 8.68 EPS for the current year.

Unum Group Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on UNM. Wolfe Research decreased their target price on Unum Group from $102.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, July 6th. Atlantic Securities set a $88.00 price target on shares of Unum Group in a report on Wednesday, July 15th. Barclays lifted their price target on shares of Unum Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Wall Street Zen raised shares of Unum Group from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Weiss Ratings upgraded shares of Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Unum Group has an average rating of “Moderate Buy” and an average price target 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.