AXQ Capital LP Purchases 20,300 Shares of Unum Group $UNM

Key Points

• AXQ Capital LP increased its Unum Group stake by 266.3% in the second quarter, purchasing 20,300 additional shares and bringing its total holdings to 27,924 shares valued at approximately $2.5 million. Institutional investors collectively own 86.57% of Unum’s stock.
• Analysts maintain a generally positive view, with eight Buy ratings and six Holds, producing a “Moderate Buy” consensus and an average price target of $99.42. Unum shares opened at $96.36, near their 12-month high of $96.58.
• Unum reported quarterly earnings of $2.16 per share and $3.39 billion in revenue, while raising its quarterly dividend to $0.505 per share. The company also authorized a $1 billion share repurchase program, allowing buybacks of up to 7% of outstanding shares.

AXQ Capital LP boosted its holdings in shares of Unum Group (NYSE:UNM - Free Report) by 266.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,924 shares of the financial services provider's stock after buying an additional 20,300 shares during the period. AXQ Capital LP's holdings in Unum Group were worth $2,496,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in UNM. SHP Wealth Management bought a new position in shares of Unum Group in the 4th quarter worth $25,000. MBM Wealth Consultants LLC purchased a new position in shares of Unum Group in the 1st quarter worth about $29,000. Triumph Capital Management bought a new position in Unum Group during the third quarter valued at approximately $31,000. Ancora Advisors LLC raised its stake in shares of Unum Group by 385.2% during the third quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider's stock worth $33,000 after acquiring an additional 339 shares in the last quarter. Finally, Nalls Sherbakoff Group LLC purchased a new stake in Unum Group during the fourth quarter valued at about $39,000. Institutional investors own 86.57% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on UNM shares. JPMorgan Chase & Co. cut their target price 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. Weiss Ratings upgraded shares of Unum Group from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, July 28th. Jefferies Financial Group raised their price target on shares of Unum Group from $117.00 to $123.00 and gave the stock a "buy" rating in a report on Friday, July 10th. UBS Group set a $94.00 target price on shares of Unum Group in a report on Tuesday, July 7th. Finally, Wolfe Research reduced their price target on Unum Group from $102.00 to $100.00 and set an "outperform" rating on the stock in a report on Monday, July 6th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Unum Group currently has an average rating of "Moderate Buy" and an average price target of $99.42.

Unum Group Stock Performance

Shares of Unum Group stock opened at $96.36 on Friday. Unum Group has a 12 month low of $69.02 and a 12 month high of $96.58. The firm has a market capitalization of $15.25 billion, a P/E ratio of 22.46, a P/E/G ratio of 0.98 and a beta of 0.27. 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 business has a fifty day simple moving average of $89.68 and a two-hundred day simple moving average of $82.92.

Unum Group (NYSE:UNM - Get Free Report) last released its 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. Unum Group had a net margin of 5.26% and a return on equity of 12.60%. The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the firm earned $1.92 EPS. The company'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. On average, equities analysts forecast that Unum Group will post 8.64 earnings per share for the current fiscal year.

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 paid a $0.505 dividend. This is an increase from Unum Group's previous quarterly dividend of $0.46. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, July 24th. Unum Group's payout ratio is currently 47.09%.

Unum Group declared that its Board of Directors has initiated a share buyback program on Wednesday, August 26th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors 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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