Corient Private Wealth LP Makes New Investment in Unum Group $UNM

Key Points

• Corient Private Wealth LP acquired 184,394 Unum Group shares worth approximately $12.1 million in the second quarter, giving it a 0.12% stake. Institutional investors collectively own 86.57% of UNM.
• Analysts maintain a generally positive outlook, with eight Buy ratings and six Holds; Unum has a Moderate Buy consensus rating and an average price target of $99.42.
• Unum reported quarterly EPS of $2.16 and revenue of $3.39 billion, raised its quarterly dividend to $0.505 per share, and authorized a $1 billion share buyback covering up to 7% of outstanding stock.

Corient Private Wealth LP bought a new stake in shares of Unum Group (NYSE:UNM - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 184,394 shares of the financial services provider's stock, valued at approximately $12,064,000. Corient Private Wealth LP owned approximately 0.12% of Unum Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in UNM. Prosperity Consulting Group LLC boosted its holdings in Unum Group by 1.6% in the first quarter. Prosperity Consulting Group LLC now owns 8,157 shares of the financial services provider's stock worth $596,000 after acquiring an additional 128 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of Unum Group by 1.9% during the first 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 in the last quarter. WPG Advisers LLC raised its position 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 purchasing an additional 145 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Unum Group by 5.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,781 shares of the financial services provider's stock worth $218,000 after purchasing an additional 149 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in Unum Group by 0.4% in the 4th quarter. Larson Financial Group LLC now owns 37,864 shares of the financial services provider's stock worth $2,934,000 after purchasing an additional 159 shares in the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. UBS Group set a $94.00 price target on shares of Unum Group in a report on Tuesday, July 7th. Weiss Ratings raised Unum Group from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, July 28th. Jefferies Financial Group increased their target price on Unum Group from $117.00 to $123.00 and gave the company a "buy" rating in a research note on Friday, July 10th. Wolfe Research reduced their target price on Unum Group from $102.00 to $100.00 and set an "outperform" rating for the company in a report on Monday, July 6th. Finally, Atlantic Securities set a $88.00 price target on Unum Group in a report on Wednesday, July 15th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Unum Group currently has an average rating of "Moderate Buy" and an average target price of $99.42.

Unum Group Stock Performance

UNM stock opened at $93.16 on Friday. The company has a market cap of $14.75 billion, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 0.98 and a beta of 0.26. Unum Group has a 1 year low of $68.70 and a 1 year high of $94.55. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.34 and a quick ratio of 0.34. The stock's fifty day moving average price is $89.40 and its 200-day moving average price is $82.23.

Unum Group (NYSE:UNM - Get Free Report) last posted its quarterly earnings data 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 for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.92 earnings per share. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 24th were given a dividend of $0.505 per share. This represents a $2.02 annualized dividend and a yield of 2.2%. This is a positive change from Unum Group's previous quarterly dividend of $0.46. The ex-dividend date was Friday, July 24th. Unum Group's dividend payout ratio (DPR) is presently 47.09%.

Unum Group declared that its Board of Directors has authorized a stock buyback program on Wednesday, August 26th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 7% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its stock is undervalued.

Unum Group Company 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.

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