Amundi Acquires 312,999 Shares of Unum Group $UNM

Amundi grew its holdings in shares of Unum Group (NYSE:UNM - Free Report) by 1,140.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 340,443 shares of the financial services provider's stock after purchasing an additional 312,999 shares during the period. Amundi owned approximately 0.22% of Unum Group worth $30,436,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. California State Teachers Retirement System boosted its holdings in Unum Group by 7,918.5% in the second quarter. California State Teachers Retirement System now owns 15,097,514 shares of the financial services provider's stock worth $1,349,718,000 after purchasing an additional 14,909,231 shares during the last quarter. Norges Bank bought a new position in Unum Group in the 4th quarter worth $1,108,919,000. Canada Pension Plan Investment Board bought a new position in shares of Unum Group in the second quarter worth about $84,097,000. Zurich Insurance Group Ltd FI bought a new position in shares of Unum Group in the fourth quarter worth about $58,860,000. Finally, Alyeska Investment Group L.P. lifted its position in shares of Unum Group by 365.3% during the 4th quarter. Alyeska Investment Group L.P. now owns 930,534 shares of the financial services provider's stock valued at $72,116,000 after buying an additional 730,534 shares in the last quarter. 86.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Evercore reissued an "outperform" rating and issued a $106.00 price target on shares of Unum Group in a report on Tuesday, July 7th. Jefferies Financial Group lifted their target price on Unum Group from $117.00 to $123.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Barclays raised their price target on Unum Group from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, July 6th. UBS Group set a $94.00 price objective on Unum Group in a research note on Tuesday, July 7th. Finally, Atlantic Securities set a $88.00 price objective on shares of Unum Group in a research report on Wednesday, July 15th. Eight equities 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, the company presently has an average rating of "Moderate Buy" and an average target price of $99.42.

Unum Group Price Performance

Shares of UNM opened at $94.20 on Friday. The company has a 50 day moving average of $90.13 and a two-hundred day moving average of $83.76. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.35. Unum Group has a twelve month low of $69.02 and a twelve month high of $96.77. The company has a market cap of $14.91 billion, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 1.00 and a beta of 0.27.

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

Unum Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 24th were given a $0.505 dividend. This represents a $2.02 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, July 24th. This is a positive change from Unum Group's previous quarterly dividend of $0.46. Unum Group's payout ratio is currently 47.09%.

Unum Group declared that its Board of Directors has approved a stock buyback plan on Wednesday, August 26th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, EVP Lisa Iglesias sold 4,000 shares of the stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $94.44, for a total value of $377,760.00. Following the transaction, the executive vice president directly owned 25,453 shares of the company's stock, valued at approximately $2,403,781.32. This represents a 13.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lynn Jr sold 2,188 shares of Unum Group stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $94.31, for a total value of $206,350.28. Following the sale, the chief accounting officer directly owned 8,154 shares of the company's stock, valued at $769,003.74. This trade represents a 21.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,488 shares of company stock worth $988,396 in the last 90 days. Insiders own 1.00% of the company's stock.

About Unum Group

Unum Group is an insurance company that provides financial protection and employee benefits through workplace and individual products. Its offerings include disability insurance, life insurance, accident insurance, critical illness coverage, and related benefits designed to help individuals and families manage income loss and other financial risks.

The company serves employers, employees, and individual customers primarily in the United States, the United Kingdom, and Ireland. Its products are distributed through employers, insurance brokers, benefits advisers, and other intermediaries.

Want to see what other hedge funds are holding UNM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unum Group (NYSE:UNM - Free Report).

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.