22,358 Shares in Unum Group $UNM Acquired by Hsbc Holdings PLC

Key Points

• Hsbc Holdings acquired 22,358 shares of Unum Group in the second quarter, valued at approximately $2.0 million. Institutional investors collectively own 86.57% of the company.
• Analysts maintain a positive outlook, with Unum carrying a consensus “Moderate Buy” rating and an average price target of $99.42, above its reported $93.16 share price.
• Unum increased its quarterly dividend to $0.505 per share and authorized a $1 billion share-repurchase program, allowing buybacks of up to 7% of outstanding shares.

Hsbc Holdings PLC acquired a new stake in shares of Unum Group (NYSE:UNM - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,358 shares of the financial services provider's stock, valued at approximately $2,007,000.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC purchased a new position in shares of Unum Group during the 4th quarter valued at $247,000. EverSource Wealth Advisors LLC boosted its position in Unum Group by 157.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,851 shares of the financial services provider's stock worth $149,000 after purchasing an additional 1,132 shares during the period. Baird Financial Group Inc. increased its stake in shares of Unum Group by 26.6% in the second quarter. Baird Financial Group Inc. now owns 7,939 shares of the financial services provider's stock worth $641,000 after purchasing an additional 1,666 shares in the last quarter. Brown Advisory Inc. raised its position in shares of Unum Group by 13.2% in the second quarter. Brown Advisory Inc. now owns 6,445 shares of the financial services provider's stock valued at $520,000 after purchasing an additional 753 shares during the period. Finally, Cresset Asset Management LLC lifted its stake in shares of Unum Group by 6.1% during the 2nd quarter. Cresset Asset Management LLC now owns 6,715 shares of the financial services provider's stock valued at $542,000 after buying an additional 386 shares in the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on UNM. Wells Fargo & Company boosted their target price on shares of Unum Group from $100.00 to $101.00 and gave the company an "overweight" rating in a report on Thursday, July 9th. Jefferies Financial Group boosted their price objective on Unum Group from $117.00 to $123.00 and gave the company a "buy" rating in a research note on Friday, July 10th. Morgan Stanley upped their price target on Unum Group from $87.00 to $92.00 and gave the company an "equal weight" rating in a research report on Monday, August 24th. JPMorgan Chase & Co. lowered their price target on shares of Unum Group from $101.00 to $98.00 and set a "neutral" rating on the stock in a report on Monday, August 3rd. Finally, Weiss Ratings upgraded shares of Unum Group from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, July 28th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Unum Group currently has a consensus rating of "Moderate Buy" and an average target price of $99.42.

Unum Group Stock Up 0.1%

Shares of NYSE UNM opened at $93.16 on Monday. Unum Group has a 12 month low of $68.70 and a 12 month high of $94.55. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $14.75 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 0.98 and a beta of 0.26. The business has a 50-day moving average of $89.40 and a 200-day moving average of $82.30.

Unum Group (NYSE:UNM - Get Free Report) last announced its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share for the quarter, meeting analysts' consensus estimates of $2.16. Unum Group had a net margin of 5.26% and a return on equity of 12.60%. The business had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the firm posted $1.92 earnings per share. Unum Group's quarterly revenue was up .3% on a year-over-year basis. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Sell-side analysts expect that Unum Group will post 8.64 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 24th were issued a dividend of $0.505 per share. The ex-dividend date of this dividend was Friday, July 24th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase 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 authorized a share buyback plan on Wednesday, August 26th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to repurchase up to 7% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is 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.

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