Unum Group (NYSE:UNM) Shares Gap Down – Here’s Why

Shares of Unum Group (NYSE:UNM) gapped down before the market opened on Wednesday. The stock had previously closed at $91.03, but opened at $75.00. Unum Group shares last traded at $75.01, with a volume of 1,119,738 shares traded.

Key Stories Impacting Unum Group

Here are the key news stories impacting Unum Group this week:

• Positive Sentiment: Adjusted earnings were $2.20 per share, above analyst estimates of about $2.16–$2.18 and up from $2.09 a year earlier. Premium growth and strength at Colonial Life helped support results. Article: UNM Q3 Earnings Beat Estimates on Premium Growth and Investment Income
• Positive Sentiment: Fortitude Re closed a $3.8 billion long-term-care reinsurance agreement with Unum. The deal may reduce the company’s exposure to long-term-care liabilities, although related asset transfers also contributed to the quarter’s reported investment losses. Article: Fortitude Re Announces Closing of $3.8 Billion Long-Term Care Reinsurance Agreement
• Negative Sentiment: Unum posted a $419.7 million GAAP net loss, versus net income a year ago. The loss included $853 million in pretax investment losses, primarily impairments related to the company’s intent to transfer investments. Article: Unum Group Reports Third Quarter 2026 Results
• Negative Sentiment: Some reports said quarterly revenue fell short of analyst expectations, adding to investor concerns despite the adjusted EPS beat. Elevated disability claims were another pressure on operating performance. Article: Unum Group Reports Q3 Revenue Below FactSet Estimate

Analyst Upgrades and Downgrades

Several research firms recently commented on UNM. Barclays dropped their price objective on shares of Unum Group from $110.00 to $109.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 7th. Jefferies Financial Group raised their target price on shares of Unum Group from $117.00 to $123.00 and gave the company a “buy” rating in a research note on Friday, July 10th. JPMorgan Chase & Co. lowered their target price on shares of Unum Group from $101.00 to $98.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. UBS Group set a $94.00 price target on Unum Group in a research note on Tuesday, July 7th. Finally, Wells Fargo & Company upped their price target on Unum Group from $100.00 to $102.00 and gave the stock an “overweight” rating in a research note on Monday, October 12th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Unum Group presently has a consensus rating of “Moderate Buy” and an average target price of $99.42.

Unum Group Stock Down 18.4%

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 company has a fifty day simple moving average of $92.29 and a 200-day simple moving average of $84.07. The firm has a market cap of $11.76 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 0.88 and a beta of 0.25.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, November 3rd. The financial services provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.04. The company had revenue of $3.40 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 5.26%. During the same quarter last year, the company earned $2.09 EPS. On average, equities analysts anticipate that Unum Group will post 8.64 earnings per share for the current year.

Unum Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, October 30th will be paid a dividend of $0.5050 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.7%. Unum Group’s payout ratio is currently 47.09%.

Unum Group announced that its Board of Directors has authorized a stock repurchase program on Wednesday, August 26th that allows the company to buy back $1 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 7% of its shares through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity at Unum Group

In other news, Director Timothy F. Keaney sold 4,300 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $94.02, for a total transaction of $404,286.00. Following the transaction, the director owned 36,502 shares of the company’s stock, valued at approximately $3,431,918.04. This represents a 10.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lisa Iglesias sold 4,000 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $94.44, for a total value of $377,760.00. Following the sale, the executive vice president owned 25,453 shares of the company’s stock, valued at approximately $2,403,781.32. This represents a 13.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 10,488 shares of company stock worth $988,396 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Unum Group

Several institutional investors have recently bought and sold shares of the business. Prosperity Consulting Group LLC boosted its position in Unum Group by 1.6% during the 1st quarter. Prosperity Consulting Group LLC now owns 8,157 shares of the financial services provider’s stock valued at $596,000 after purchasing an additional 128 shares during the period. CX Institutional increased its stake in shares of Unum Group by 57.8% during the third quarter. CX Institutional now owns 352 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 129 shares during the period. Fragasso Financial Advisors Inc raised its stake in shares of Unum Group by 4.9% in the 3rd quarter. Fragasso Financial Advisors Inc now owns 2,901 shares of the financial services provider’s stock worth $266,000 after buying an additional 135 shares in the last quarter. Park Avenue Securities LLC boosted its position in shares of Unum Group by 1.4% during the 3rd quarter. Park Avenue Securities LLC now owns 10,013 shares of the financial services provider’s stock valued at $878,000 after purchasing an additional 143 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in Unum Group by 1.9% during the first quarter. D.A. Davidson & CO. now owns 7,922 shares of the financial services provider’s stock worth $579,000 after buying an additional 144 shares in the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Unum Group Company Profile

Unum Group is an insurance company that provides employee benefits and related protection products through employers, as well as selected individual policies. Its offerings are designed to help people manage the financial impact of illness, injury, death and other unexpected events.

The company’s products include short-term and long-term disability insurance, group and individual life insurance, accidental death and dismemberment coverage, and supplemental health benefits such as accident, critical illness and hospital indemnity insurance.