58,387 Shares in Unum Group $UNM Acquired by Cibc World Market Inc.

Key Points

• Cibc World Market Inc. acquired 58,387 Unum Group shares during the second quarter, valued at approximately $5.22 million. Institutional investors collectively own 86.57% of UNM’s outstanding stock.
• Analysts maintain a generally positive outlook, with eight Buy ratings and six Holds, producing a “Moderate Buy” consensus and an average price target of $99.42.
• Unum reported quarterly earnings of $2.16 per share, matching estimates, while revenue reached $3.39 billion. The company also increased its quarterly dividend to $0.505 per share, equivalent to a 2.2% annualized yield.

Cibc World Market Inc. bought a new stake in shares of Unum Group (NYSE:UNM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 58,387 shares of the financial services provider's stock, valued at approximately $5,220,000.

Other hedge funds have also recently modified their holdings of the company. GWN Securities Inc. bought a new position in shares of Unum Group in the second quarter worth about $708,000. UBS Group AG raised its stake in Unum Group by 5.4% during 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 purchasing an additional 68,957 shares during the period. Qsemble Capital Management LP raised its stake in Unum Group by 245.9% during the 4th 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 during the period. GSA Capital Partners LLP purchased a new position in Unum Group in the 4th quarter worth approximately $2,567,000. Finally, Swedbank AB boosted 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 during the period. Hedge funds and other institutional investors own 86.57% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on UNM shares. Wolfe Research reduced their price objective on shares of Unum Group from $102.00 to $100.00 and set an "outperform" rating on the stock in a research report on Monday, July 6th. Evercore reaffirmed an "outperform" rating and set a $106.00 target price on shares of Unum Group in a research note on Tuesday, July 7th. Jefferies Financial Group lifted their price target on shares of Unum Group from $117.00 to $123.00 and gave the company a "buy" rating in a report on Friday, July 10th. Atlantic Securities set a $88.00 price objective on shares of Unum Group in a report on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods cut their price objective on Unum Group from $110.00 to $108.00 and set an "outperform" rating for the company in a research report on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $99.42.

Unum Group Trading Up 0.3%

UNM stock opened at $89.80 on Wednesday. The firm has a fifty day moving average price of $89.29 and a 200 day moving average price of $81.91. Unum Group has a fifty-two week low of $68.70 and a fifty-two week high of $94.55. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a market cap of $14.22 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 0.95 and a beta of 0.26.

Unum Group (NYSE:UNM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share for the quarter, hitting the consensus estimate of $2.16. The company had revenue of $3.39 billion for the quarter, compared to analysts' expectations of $2.90 billion. Unum Group had a net margin of 5.26% and a return on equity of 12.60%. Unum Group's quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.92 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Sell-side analysts anticipate that Unum Group will post 8.65 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 24th were issued a $0.505 dividend. This is a boost from Unum Group's previous quarterly dividend of $0.46. The ex-dividend date was Friday, July 24th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.2%. Unum Group's payout ratio is presently 47.09%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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