Bank of America Corp DE Grows Stake in Unum Group $UNM

Key Points

• Bank of America increased its Unum Group stake by 18.5% in the first quarter, holding 580,230 shares worth approximately $42.4 million. Institutional investors collectively own 86.57% of UNM.
• Analysts maintain a generally positive outlook, with eight Buy ratings and six Holds producing a consensus “Moderate Buy” rating and a $99 average price target.
• Unum reported quarterly EPS of $2.16, in line with estimates, while revenue reached $3.39 billion and rose year over year. The company also raised its quarterly dividend to $0.505 per share, implying a 2.2% yield.

Bank of America Corp DE boosted its position in shares of Unum Group (NYSE:UNM - Free Report) by 18.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 580,230 shares of the financial services provider's stock after acquiring an additional 90,650 shares during the quarter. Bank of America Corp DE owned 0.36% of Unum Group worth $42,374,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of UNM. UBS Group AG increased its stake in shares of Unum Group by 5.4% in the fourth quarter. UBS Group AG now owns 1,356,916 shares of the financial services provider's stock worth $105,161,000 after buying an additional 68,957 shares during the period. Qsemble Capital Management LP boosted its position 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 buying an additional 75,885 shares during the period. GSA Capital Partners LLP bought a new stake in Unum Group in the 4th quarter worth $2,567,000. TABR Capital Management LLC bought a new stake in Unum Group in the 4th quarter worth $5,768,000. Finally, Swedbank AB increased its position in shares of Unum Group by 148.3% in the fourth quarter. Swedbank AB now owns 467,505 shares of the financial services provider's stock valued at $36,232,000 after acquiring an additional 279,233 shares during the period. 86.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UNM has been the subject of several recent analyst reports. UBS Group set a $94.00 price objective on shares of Unum Group in a research note on Tuesday, July 7th. Wells Fargo & Company raised their target price on Unum Group from $100.00 to $101.00 and gave the stock an "overweight" rating in a research note on Thursday, July 9th. Truist Financial upped their price target on Unum Group from $88.00 to $96.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Weiss Ratings upgraded Unum Group from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, July 28th. Finally, Atlantic Securities set a $88.00 price objective on Unum Group in a research report on Wednesday, July 15th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $99.00.

Trending Headlines about Unum Group

Here are the key news stories impacting Unum Group this week:

• Positive Sentiment: Zacks raised its estimates for Unum’s third-quarter 2027 EPS to $2.46 from $2.39 and fourth-quarter 2027 EPS to $2.42 from $2.36. These increases suggest some confidence in the company’s longer-term earnings trajectory.
• Neutral Sentiment: Zacks maintained forecasts of $8.64 EPS for fiscal 2026 and $10.32 EPS for fiscal 2028, broadly consistent with the current-year consensus estimate of $8.66. The unchanged longer-term framework limits the significance of the revisions.
• Negative Sentiment: Zacks reduced estimates for several periods, including fiscal 2026 EPS to $8.64 from $8.67, fiscal 2027 EPS to $9.41 from $9.54, and fiscal 2028 EPS to $10.32 from $10.50. Quarterly reductions included third-quarter 2026 EPS to $2.18 from $2.21, fourth-quarter 2026 EPS to $2.16 from $2.21, first-quarter 2027 EPS to $2.20 from $2.26, second-quarter 2027 EPS to $2.33 from $2.53, and second-quarter 2028 EPS to $2.58 from $2.78.

Unum Group Trading Up 2.1%

NYSE:UNM opened at $91.77 on Thursday. The company has a 50-day moving average price of $89.22 and a 200-day moving average price of $81.05. The stock has a market cap of $14.53 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 0.95 and a beta of 0.26. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. Unum Group has a 12 month low of $68.28 and a 12 month high of $93.21.

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 (EPS) for the quarter, meeting the consensus estimate of $2.16. Unum Group had a net margin of 5.26% and a return on equity of 12.60%. The company had revenue of $3.39 billion for the quarter, compared to analysts' expectations of $2.90 billion. During the same quarter in the previous year, the company earned $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. Equities analysts predict that Unum Group will post 8.65 EPS for the current year.

Unum Group Increases Dividend

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

Unum Group Company 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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