California State Teachers Retirement System Sells 19,407 Shares of Unum Group $UNM

California State Teachers Retirement System lessened its holdings in shares of Unum Group (NYSE:UNM - Free Report) by 10.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168,876 shares of the financial services provider's stock after selling 19,407 shares during the period. California State Teachers Retirement System owned approximately 0.11% of Unum Group worth $15,097,514 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the stock. Norges Bank acquired a new position in shares of Unum Group during the 4th quarter worth $1,108,919,000. Dimensional Fund Advisors LP increased its stake in shares of Unum Group by 7.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,084,382 shares of the financial services provider's stock worth $298,287,000 after purchasing an additional 292,670 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Unum Group in the second quarter worth $84,097,000. Quantinno Capital Management LP increased its stake in shares of Unum Group by 14.6% in the 1st quarter. Quantinno Capital Management LP now owns 754,335 shares of the financial services provider's stock valued at $55,089,000 after buying an additional 96,123 shares during the period. Finally, Algebris UK Ltd. boosted its stake in Unum Group by 79.7% in the 4th quarter. Algebris UK Ltd. now owns 699,806 shares of the financial services provider's stock worth $54,260,000 after purchasing an additional 310,343 shares during the period. Hedge funds and other institutional investors own 86.57% of the company's stock.

Insider Activity

In related news, CAO Lynn Jr sold 2,188 shares of Unum Group stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $94.31, for a total value of $206,350.28. Following the completion of the transaction, the chief accounting officer directly owned 8,154 shares in the company, valued at approximately $769,003.74. This trade represents a 21.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Timothy F. Keaney sold 4,300 shares of Unum Group stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $94.02, for a total value of $404,286.00. Following the transaction, the director directly owned 36,502 shares of the company's stock, valued at $3,431,918.04. This trade represents a 10.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,488 shares of company stock worth $988,396 over the last quarter. 1.00% of the stock is currently owned by corporate insiders.

Unum Group Stock Performance

UNM stock traded up $0.26 during mid-day trading on Tuesday, hitting $95.18. 1,464,805 shares of the company were exchanged, compared to its average volume of 1,500,377. The stock has a market capitalization of $15.07 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 1.00 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 50 day simple moving average of $90.24 and a 200-day simple moving average of $84.01. Unum Group has a 1-year low of $69.02 and a 1-year high of $96.77.

Unum Group (NYSE:UNM - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $2.16 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 business had revenue of $3.39 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the firm posted $1.92 EPS. Unum Group'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 forecast that Unum Group will post 8.64 earnings per share for the current year.

Unum Group announced that its board has approved a share repurchase program on Wednesday, August 26th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to purchase up to 7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its stock is undervalued.

Unum Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 24th were paid a $0.505 dividend. The ex-dividend date was Friday, July 24th. 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%. Unum Group's dividend payout ratio (DPR) is currently 47.09%.

Wall Street Analyst Weigh In

Several research firms recently commented on UNM. Jefferies Financial Group raised their target price on Unum Group from $117.00 to $123.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. Barclays increased their price objective on shares of Unum Group from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, July 6th. 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. Wolfe Research dropped their price objective on shares of Unum Group from $102.00 to $100.00 and set an "outperform" rating for the company in a research note on Monday, July 6th. Finally, UBS Group set a $94.00 price target on shares of Unum Group in a research report on Tuesday, July 7th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $99.42.

Unum Group Company Profile

Unum Group is an insurance company that provides financial protection and employee benefits through workplace and individual products. Its offerings include disability insurance, life insurance, accident insurance, critical illness coverage, and related benefits designed to help individuals and families manage income loss and other financial risks.

The company serves employers, employees, and individual customers primarily in the United States, the United Kingdom, and Ireland. Its products are distributed through employers, insurance brokers, benefits advisers, and other intermediaries.

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