Livforsakringsbolaget Skandia Omsesidigt Takes Position in Unum Group $UNM

Livforsakringsbolaget Skandia Omsesidigt bought a new position in Unum Group (NYSE:UNM) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 72,400 shares of the financial services provider’s stock, valued at approximately $6,473,000.

Other hedge funds also recently made changes to their positions in the company. GWN Securities Inc. bought a new position in shares of Unum Group during the second quarter worth $708,000. UBS Group AG increased its holdings in 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 valued at $105,161,000 after acquiring an additional 68,957 shares during the last quarter. Qsemble Capital Management LP lifted its stake in Unum Group by 245.9% in the 4th quarter. Qsemble Capital Management LP now owns 106,742 shares of the financial services provider’s stock worth $8,273,000 after purchasing an additional 75,885 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Unum Group in the 4th quarter worth $2,567,000. Finally, Swedbank AB lifted its stake in Unum Group by 148.3% in the 4th quarter. Swedbank AB now owns 467,505 shares of the financial services provider’s stock worth $36,232,000 after purchasing an additional 279,233 shares in the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Unum Group Stock Up 0.8%

Shares of UNM opened at $93.16 on Friday. 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 business has a fifty day moving average of $89.40 and a 200 day moving average of $82.23. The company has a market cap of $14.75 billion, a PE ratio of 21.72, a P/E/G ratio of 0.98 and a beta of 0.26. Unum Group has a 52-week low of $68.70 and a 52-week high of $94.55.

Unum Group (NYSE:UNM) last released its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, hitting 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 last year, the business earned $1.92 EPS. The business’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. On average, sell-side analysts expect that Unum Group will post 8.64 EPS for the current year.

Unum Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 24th were paid a $0.505 dividend. The ex-dividend date was Friday, July 24th. This represents a $2.02 dividend on an annualized basis and a 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%.

Unum Group announced that its Board of Directors has authorized a share buyback plan on Wednesday, August 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to purchase up to 7% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

UNM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price objective on Unum Group from $101.00 to $98.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Weiss Ratings raised Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Wolfe Research reduced their price objective on Unum Group from $102.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday, July 6th. Jefferies Financial Group upped their price objective on Unum Group from $117.00 to $123.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, UBS Group set a $94.00 target price on Unum Group in a research report on Tuesday, July 7th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $99.42.

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.