Caisse de depot et placement du Quebec Invests $9.65 Million in Unum Group $UNM

Caisse de depot et placement du Quebec purchased a new stake in Unum Group (NYSE:UNM - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 108,000 shares of the financial services provider's stock, valued at approximately $9,655,000. Caisse de depot et placement du Quebec owned approximately 0.07% of Unum Group at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Prosperity Consulting Group LLC boosted its stake in Unum Group by 1.6% during the first quarter. Prosperity Consulting Group LLC now owns 8,157 shares of the financial services provider's stock worth $596,000 after buying an additional 128 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of Unum Group by 1.9% in the 1st quarter. D.A. Davidson & CO. now owns 7,922 shares of the financial services provider's stock worth $579,000 after acquiring an additional 144 shares during the last quarter. WPG Advisers LLC increased its stake in shares of Unum Group by 12.5% in the 2nd quarter. WPG Advisers LLC now owns 1,301 shares of the financial services provider's stock worth $116,000 after acquiring an additional 145 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Unum Group by 5.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,781 shares of the financial services provider's stock worth $218,000 after acquiring an additional 149 shares during the period. Finally, Larson Financial Group LLC raised its holdings in shares of Unum Group by 0.4% during the 4th quarter. Larson Financial Group LLC now owns 37,864 shares of the financial services provider's stock worth $2,934,000 after acquiring an additional 159 shares during the period. Institutional investors and hedge funds own 86.57% of the company's stock.

Unum Group Trading Up 0.8%

UNM opened at $93.16 on Friday. Unum Group has a 52 week low of $68.70 and a 52 week high of $94.55. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $89.40 and a 200-day simple moving average of $82.23. The firm has a market cap of $14.75 billion, a P/E ratio of 21.72, a P/E/G ratio of 0.98 and a beta of 0.26.

Unum Group (NYSE:UNM - Get Free Report) last posted its quarterly earnings data 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 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 the consensus estimate of $2.90 billion. During the same quarter in the previous year, the business earned $1.92 EPS. The company's quarterly 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 expect that Unum Group will post 8.64 earnings per share for the current year.

Unum Group declared that its board has approved a stock buyback plan on Wednesday, August 26th that allows the company to repurchase $1.00 billion in 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 usually an indication that the company's board believes its stock is undervalued.

Unum Group Increases Dividend

The firm also recently declared 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. This represents a $2.02 dividend on an annualized basis and a yield of 2.2%. This is a boost from Unum Group's previous quarterly dividend of $0.46. The ex-dividend date was Friday, July 24th. Unum Group's payout ratio is currently 47.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. UBS Group set a $94.00 price objective on shares of Unum Group in a report on Tuesday, July 7th. Barclays lifted their target price on shares of Unum Group from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, July 6th. Atlantic Securities set a $88.00 price target on shares of Unum Group in a research note on Wednesday, July 15th. Keefe, Bruyette & Woods dropped their price target on shares of Unum Group from $110.00 to $108.00 and set an "outperform" rating for the company in a research note on Thursday, July 30th. Finally, Wells Fargo & Company lifted their price target on shares of Unum Group from $100.00 to $101.00 and gave the company an "overweight" rating in a research report on Thursday, July 9th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Unum Group has an average rating of "Moderate Buy" and a consensus price target 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source