Citigroup Inc. Has $2.98 Million Position in Unum Group $UNM

Key Points

• Citigroup cut its stake in Unum Group by 33.1% in Q3 and now holds 38,365 shares valued at about $2.98 million, while institutional investors collectively own 86.57% of the stock.
• Unum missed quarterly EPS estimates with $1.92 (versus $2.11 expected) and revenue of $3.25 billion, set FY2026 guidance of 8.60–8.90 EPS, while analysts’ consensus expects about 9.14 EPS.
• The company has a strong capital-return stance, announcing a $1.0 billion share buyback authorization (up to 8.2% of shares) and paying a $0.46 quarterly dividend (≈2.5% yield).

Citigroup Inc. reduced its stake in Unum Group (NYSE:UNM - Free Report) by 33.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,365 shares of the financial services provider's stock after selling 18,963 shares during the quarter. Citigroup Inc.'s holdings in Unum Group were worth $2,984,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in Unum Group during the 3rd quarter valued at approximately $376,000. Lion Street Advisors LLC boosted its stake in shares of Unum Group by 75.1% in the 3rd quarter. Lion Street Advisors LLC now owns 10,070 shares of the financial services provider's stock valued at $783,000 after purchasing an additional 4,319 shares during the last quarter. Prospector Partners LLC increased its position in shares of Unum Group by 44.3% during the third quarter. Prospector Partners LLC now owns 171,290 shares of the financial services provider's stock worth $13,323,000 after buying an additional 52,606 shares during the period. Syon Capital LLC increased its position in shares of Unum Group by 32.2% during the third quarter. Syon Capital LLC now owns 4,483 shares of the financial services provider's stock worth $349,000 after buying an additional 1,092 shares during the period. Finally, Rothschild Investment LLC raised its stake in Unum Group by 1,331.5% during the third quarter. Rothschild Investment LLC now owns 3,135 shares of the financial services provider's stock worth $244,000 after buying an additional 2,916 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on UNM shares. Wells Fargo & Company dropped their target price on shares of Unum Group from $104.00 to $102.00 and set an "overweight" rating on the stock in a report on Wednesday, February 25th. Morgan Stanley lowered their price objective on Unum Group from $85.00 to $80.00 and set an "equal weight" rating for the company in a research report on Tuesday. JPMorgan Chase & Co. dropped their price objective on Unum Group from $92.00 to $90.00 and set a "neutral" rating on the stock in a research note on Friday, February 6th. Wall Street Zen lowered Unum Group from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $115.00 target price on shares of Unum Group in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Unum Group currently has an average rating of "Moderate Buy" and a consensus target price of $94.40.

Unum Group Stock Down 0.9%

UNM opened at $73.64 on Friday. Unum Group has a fifty-two week low of $66.81 and a fifty-two week high of $84.48. The firm has a market capitalization of $12.06 billion, a P/E ratio of 17.33, a PEG ratio of 1.67 and a beta of 0.20. The company's 50-day moving average is $75.34 and its 200 day moving average is $75.37. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.37 and a quick ratio of 0.37.

Unum Group (NYSE:UNM - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.11 by ($0.19). The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.29 billion. Unum Group had a return on equity of 12.62% and a net margin of 5.65%.During the same period in the previous year, the company posted $2.03 earnings per share. The company's revenue for the quarter was up .2% on a year-over-year basis. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Research analysts expect that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, January 30th were issued a $0.46 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a $1.84 annualized dividend and a dividend yield of 2.5%. Unum Group's dividend payout ratio is currently 43.29%.

Unum Group announced that its Board of Directors has initiated a stock buyback plan on Thursday, December 4th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 8.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Insider Activity at Unum Group

In other news, CAO Walter Lynn Rice, Jr. sold 900 shares of the firm's stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $73.50, for a total transaction of $66,150.00. Following the completion of the sale, the chief accounting officer owned 8,940 shares in the company, valued at $657,090. This trade represents a 9.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Timothy F. Keaney sold 4,500 shares of Unum Group stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $72.58, for a total transaction of $326,610.00. Following the completion of the sale, the director directly owned 38,592 shares in the company, valued at $2,801,007.36. This trade represents a 10.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 14,400 shares of company stock valued at $1,049,760. 0.92% of the stock is owned by insiders.

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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