BlackRock Inc. Has $1.61 Billion Stake in Unum Group $UNM

Key Points

• BlackRock reduced its Unum Group stake by 1.3% in the second quarter, selling 237,849 shares but retaining 17.99 million shares worth approximately $1.61 billion, or 11.37% of the company. Institutional investors collectively own 86.57% of Unum’s stock.
• Unum reported quarterly earnings of $2.16 per share, matching estimates, while revenue reached $3.39 billion—above the $2.90 billion consensus forecast. The company expects fiscal 2026 EPS of $8.60–$8.90.
• Unum increased its quarterly dividend from $0.46 to $0.505 per share, implying an annualized dividend of $2.02 and a 2.3% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $99.

BlackRock Inc. reduced its position in Unum Group (NYSE:UNM - Free Report) by 1.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 17,994,655 shares of the financial services provider's stock after selling 237,849 shares during the period. BlackRock Inc. owned about 11.37% of Unum Group worth $1,608,722,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC bought a new position in shares of Unum Group during the 4th quarter worth approximately $247,000. EverSource Wealth Advisors LLC lifted its stake in shares of Unum Group by 157.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,851 shares of the financial services provider's stock worth $149,000 after buying an additional 1,132 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Unum Group by 26.6% during the 2nd quarter. Baird Financial Group Inc. now owns 7,939 shares of the financial services provider's stock worth $641,000 after buying an additional 1,666 shares during the period. Brown Advisory Inc. boosted its holdings in shares of Unum Group by 13.2% during the 2nd quarter. Brown Advisory Inc. now owns 6,445 shares of the financial services provider's stock worth $520,000 after buying an additional 753 shares during the period. Finally, Cresset Asset Management LLC grew its stake in Unum Group by 6.1% in the 2nd quarter. Cresset Asset Management LLC now owns 6,715 shares of the financial services provider's stock valued at $542,000 after buying an additional 386 shares during the last quarter. Institutional investors own 86.57% of the company's stock.

Unum Group Trading Down 0.8%

Shares of Unum Group stock opened at $86.90 on Friday. The company has a market capitalization of $13.76 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 0.93 and a beta of 0.26. 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 12-month low of $68.70 and a 12-month high of $94.55. The firm's 50-day moving average price is $89.48 and its two-hundred day moving average price is $81.65.

Unum Group (NYSE:UNM - Get Free Report) last issued its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 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 during the quarter, compared to analysts' expectations of $2.90 billion. During the same period in the previous year, the company earned $1.92 EPS. The business's revenue for the quarter 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, analysts forecast that Unum Group will post 8.65 earnings per share for the current fiscal year.

Unum Group Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Atlantic Securities set a $88.00 price objective on shares of Unum Group in a research report on Wednesday, July 15th. Barclays increased their target price on Unum Group from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, July 6th. Wolfe Research reduced their price target on Unum Group from $102.00 to $100.00 and set an "outperform" rating for the company in a research note on Monday, July 6th. Truist Financial boosted their price target on Unum Group from $88.00 to $96.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Finally, Evercore reaffirmed an "outperform" rating and issued a $106.00 price objective on shares of Unum Group in a report on Tuesday, July 7th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $99.00.

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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