Alyeska Investment Group L.P. Reduces Position in Unum Group $UNM

Alyeska Investment Group L.P. decreased its position in Unum Group (NYSE:UNM - Free Report) by 37.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 323,378 shares of the financial services provider's stock after selling 189,539 shares during the period. Alyeska Investment Group L.P. owned approximately 0.20% of Unum Group worth $28,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new stake in shares of Unum Group in the fourth quarter worth $25,000. SHP Wealth Management acquired a new position in Unum Group during the fourth quarter valued at $25,000. MBM Wealth Consultants LLC purchased a new stake in Unum Group in the first quarter valued at $29,000. Triumph Capital Management purchased a new stake in Unum Group in the third quarter valued at $31,000. Finally, Ancora Advisors LLC grew its position in Unum Group by 385.2% during the 3rd quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider's stock worth $33,000 after purchasing an additional 339 shares during the period. Institutional investors and hedge funds own 86.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. UBS Group set a $94.00 price target on Unum Group in a report on Tuesday, July 7th. Wells Fargo & Company lifted 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. Atlantic Securities set a $88.00 target price on shares of Unum Group in a research note on Wednesday, July 15th. JPMorgan Chase & Co. decreased their target price on shares of Unum Group from $101.00 to $98.00 and set a "neutral" rating for the company in a research note on Monday, August 3rd. Finally, Weiss Ratings raised 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 given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $99.42.

Unum Group Price Performance

Shares of NYSE UNM opened at $93.16 on Monday. The firm has a 50-day simple moving average of $89.40 and a 200-day simple moving average of $82.30. 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 stock has a market capitalization of $14.75 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth 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 - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share for the quarter, hitting analysts' consensus estimates of $2.16. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates 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 period 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. On average, equities analysts predict that Unum Group will post 8.64 earnings per share for the current fiscal year.

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

Unum Group Increases Dividend

The business also recently announced 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 was Friday, July 24th. This represents a $2.02 annualized dividend 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 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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