California State Teachers Retirement System Has $13.75 Million Stock Holdings in Unum Group $UNM

Key Points

• California State Teachers Retirement System increased its Unum Group stake by 22.6% in the first quarter, owning 188,283 shares valued at approximately $13.75 million. Institutional investors collectively hold 86.57% of UNM stock.
• Analysts maintain a positive outlook, with a consensus “Moderate Buy” rating and a $99.25 price target. Recent targets range from $94 at UBS to $123 at Jefferies.
• Unum Group reported quarterly EPS of $2.16, matching estimates, while revenue reached $3.39 billion. The company also raised its quarterly dividend from $0.46 to $0.505 per share, implying a 2.3% annual yield.

California State Teachers Retirement System grew its position in shares of Unum Group (NYSE:UNM - Free Report) by 22.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 188,283 shares of the financial services provider's stock after buying an additional 34,696 shares during the period. California State Teachers Retirement System owned approximately 0.12% of Unum Group worth $13,750,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new position in shares of Unum Group in the fourth quarter valued at about $25,000. SHP Wealth Management acquired a new stake in Unum Group in the 4th quarter worth about $25,000. MBM Wealth Consultants LLC acquired a new stake in Unum Group in the 1st quarter worth about $29,000. Triumph Capital Management bought a new stake in Unum Group in the 3rd quarter valued at about $31,000. Finally, Ancora Advisors LLC boosted its holdings in Unum Group by 385.2% in the 3rd quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 339 shares during the period. Institutional investors and hedge funds own 86.57% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on UNM. Barclays raised their target price on shares of Unum Group from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, July 6th. UBS Group set a $94.00 price target on Unum Group in a research note on Tuesday, July 7th. Wall Street Zen raised shares of Unum Group from a "sell" rating to a "hold" rating in a research report on Saturday, April 11th. Wells Fargo & Company increased their price objective on shares of Unum Group from $100.00 to $101.00 and gave the stock an "overweight" rating in a research note on Thursday, July 9th. Finally, Jefferies Financial Group increased their price target on shares of Unum Group from $117.00 to $123.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $99.25.

Unum Group Stock Performance

NYSE UNM opened at $86.13 on Monday. The firm's fifty day moving average price is $88.14 and its two-hundred day moving average price is $80.31. The stock has a market cap of $13.63 billion, a PE ratio of 20.08, a PEG ratio of 0.90 and a beta of 0.26. Unum Group has a fifty-two week low of $68.28 and a fifty-two week high of $93.21. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 0.34.

Unum Group (NYSE:UNM - Get Free Report) last announced 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. The company had revenue of $3.39 billion during the quarter, compared to analysts' expectations of $2.90 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.Unum Group's revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.92 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. On average, equities analysts expect that Unum Group will post 8.7 EPS for the current fiscal year.

Unum Group Increases Dividend

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

About Unum Group

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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