CoreCap Advisors LLC Sells 67,305 Shares of Unum Group $UNM

Key Points

• CoreCap Advisors cut its Unum Group stake by 99.2% in the second quarter, selling 67,305 shares and retaining just 553 shares valued at approximately $49,000. Institutional investors collectively own 86.57% of the company.
• Analysts remain broadly positive, with eight Buy ratings and six Holds producing a “Moderate Buy” consensus and an average price target of $99, above the reported $92.79 opening price.
• Unum reported quarterly EPS of $2.16, matching estimates, while revenue of $3.39 billion exceeded expectations. The company also raised its quarterly dividend to $0.505 per share, or $2.02 annualized, for a 2.2% yield.

CoreCap Advisors LLC lowered its holdings in Unum Group (NYSE:UNM - Free Report) by 99.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 553 shares of the financial services provider's stock after selling 67,305 shares during the quarter. CoreCap Advisors LLC's holdings in Unum Group were worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of UNM. Prosperity Consulting Group LLC increased its holdings in Unum Group by 1.6% in the 1st 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 in the last quarter. D.A. Davidson & CO. lifted its stake in Unum Group by 1.9% during the 1st quarter. D.A. Davidson & CO. now owns 7,922 shares of the financial services provider's stock valued at $579,000 after acquiring an additional 144 shares during the period. Smartleaf Asset Management LLC lifted its stake in 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 valued at $218,000 after acquiring an additional 149 shares during the period. Larson Financial Group LLC boosted 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 valued at $2,934,000 after acquiring an additional 159 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in shares of Unum Group by 3.0% during the 1st quarter. Arkadios Wealth Advisors now owns 5,459 shares of the financial services provider's stock valued at $399,000 after acquiring an additional 159 shares during the last quarter. 86.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on UNM shares. Barclays boosted 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. Truist Financial lifted their target price on shares of Unum Group from $88.00 to $96.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Wolfe Research decreased their target price 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. Evercore restated an "outperform" rating and issued a $106.00 price target on shares of Unum Group in a research note on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods cut their price objective on Unum Group from $110.00 to $108.00 and set an "outperform" rating for the company in a report on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $99.00.

Trending Headlines about Unum Group

Here are the key news stories impacting Unum Group this week:

• Positive Sentiment: Zacks raised its Q4 2027 EPS estimate to $2.42 from $2.36 and its Q3 2027 forecast to $2.46 from $2.39, indicating improved expectations for those periods.
• Neutral Sentiment: Zacks’ updated estimates still imply earnings growth for Unum Group, with projected EPS of $8.64 in FY2026, $9.41 in FY2027, and $10.32 in FY2028. However, the FY2026 estimate is slightly below the current consensus of $8.66.
• Negative Sentiment: Zacks reduced several forecasts, including Q3 2026 EPS to $2.18 from $2.21, Q4 2026 EPS to $2.16 from $2.21, FY2026 EPS to $8.64 from $8.67, Q1 2027 EPS to $2.20 from $2.26, and Q2 2027 EPS to $2.33 from $2.53.
• Negative Sentiment: Longer-term expectations were also trimmed: FY2027 EPS fell to $9.41 from $9.54, while FY2028 EPS declined to $10.32 from $10.50. The broad pattern of reductions may weigh on sentiment because it points to somewhat lower expected earnings momentum.

Unum Group Price Performance

Shares of Unum Group stock opened at $92.79 on Friday. The stock's fifty day moving average is $89.38 and its 200 day moving average is $81.17. Unum Group has a one year low of $68.28 and a one year high of $94.55. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market cap of $14.69 billion, a P/E ratio of 21.63, a P/E/G ratio of 0.97 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 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 firm had revenue of $3.39 billion for the quarter, compared to analysts' expectations of $2.90 billion. During the same period in the previous year, the firm earned $1.92 EPS. The business's quarterly revenue was up .3% on a year-over-year basis. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Sell-side analysts anticipate that Unum Group will post 8.65 earnings per share for the current year.

Unum Group Increases Dividend

The firm 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. This is an increase from Unum Group's previous quarterly dividend of $0.46. This represents a $2.02 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, July 24th. Unum Group's dividend payout ratio (DPR) is 47.09%.

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.

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