Bank of New York Mellon Corp Sells 81,036 Shares of Unum Group $UNM

Key Points

• Bank of New York Mellon reduced its Unum Group stake by 6.2%, selling 81,036 shares and retaining 1.22 million shares worth approximately $109.2 million. Institutional investors collectively own 86.57% of UNM.
• Unum Group reported quarterly EPS of $2.16, in line with analyst estimates, while revenue reached $3.39 billion and increased slightly year over year. The company guided to fiscal 2026 EPS of $8.60–$8.90.
• Unum raised its quarterly dividend to $0.505 per share, or $2.02 annualized, representing a 2.3% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $99.42 versus the stock’s $89.45 opening price.

Bank of New York Mellon Corp lowered its position in shares of Unum Group (NYSE:UNM - Free Report) by 6.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,221,361 shares of the financial services provider's stock after selling 81,036 shares during the quarter. Bank of New York Mellon Corp owned about 0.77% of Unum Group worth $109,190,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of UNM. GWN Securities Inc. acquired a new stake in Unum Group during the second quarter worth approximately $708,000. UBS Group AG raised its holdings in Unum Group by 5.4% in 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 acquiring an additional 68,957 shares in the last quarter. Qsemble Capital Management LP raised its holdings in Unum Group by 245.9% in 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 acquiring an additional 75,885 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Unum Group during the 4th quarter valued at $2,567,000. Finally, Swedbank AB lifted its position in shares of Unum Group by 148.3% during the 4th 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. Institutional investors own 86.57% of the company's stock.

Unum Group Price Performance

Shares of UNM stock opened at $89.45 on Tuesday. 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 $68.70 and a twelve month high of $94.55. The company has a market cap of $14.16 billion, a P/E ratio of 20.85, a P/E/G ratio of 0.93 and a beta of 0.26. The business has a fifty day simple moving average of $89.34 and a 200 day simple moving average of $81.82.

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 (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 firm 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 business posted $1.92 earnings per share. The business's revenue for the quarter was up .3% on a year-over-year basis. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. On average, sell-side analysts forecast that Unum Group will post 8.65 EPS for the current fiscal year.

Unum Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 24th were given a dividend of $0.505 per share. The ex-dividend date was Friday, July 24th. This represents a $2.02 dividend on an annualized basis and a yield of 2.3%. This is a positive change from Unum Group's previous quarterly dividend of $0.46. Unum Group's dividend payout ratio is currently 47.09%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UNM. UBS Group set a $94.00 price target on Unum Group in a research report on Tuesday, July 7th. Weiss Ratings raised shares of Unum Group from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, July 28th. Keefe, Bruyette & Woods reduced their price objective on shares of Unum Group from $110.00 to $108.00 and set an "outperform" rating on the stock in a research note on Thursday, July 30th. Evercore reissued an "outperform" rating and issued a $106.00 target price on shares of Unum Group in a report on Tuesday, July 7th. Finally, Atlantic Securities set a $88.00 target price on shares of Unum Group in a research report on Wednesday, July 15th. Eight research 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.com, Unum Group has an average rating of "Moderate Buy" and an average target price of $99.42.

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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