Jupiter Topco LLC Makes New $9.01 Million Investment in Unum Group $UNM

Key Points

• Jupiter Topco LLC acquired 100,767 shares of Unum Group in the second quarter, valued at approximately $9.01 million, giving it about a 0.06% stake. Institutional investors collectively own 86.57% of the company.
• Unum Group reported quarterly earnings of $2.16 per share, matching estimates, while revenue reached $3.39 billion and rose slightly year over year. The company also authorized a $1 billion share buyback and increased its quarterly dividend to $0.505 per share.
• Shares opened at $93.16, near the company’s 12-month high, while analysts maintain a “Moderate Buy” consensus with an average price target of $99.42.

Jupiter Topco LLC bought a new position in Unum Group (NYSE:UNM - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 100,767 shares of the financial services provider's stock, valued at approximately $9,010,000. Jupiter Topco LLC owned approximately 0.06% of Unum Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Laurel Wealth Advisors LLC bought a new stake in Unum Group during the 4th quarter valued at $25,000. SHP Wealth Management purchased a new position in shares of Unum Group in the fourth quarter valued at $25,000. MBM Wealth Consultants LLC purchased a new position in shares of Unum Group in the first quarter valued at $29,000. Triumph Capital Management bought a new stake in shares of Unum Group during the 3rd quarter valued at $31,000. Finally, Ancora Advisors LLC raised its stake in shares of Unum Group by 385.2% during 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 own 86.57% of the company's stock.

Unum Group Stock Up 0.1%

Shares of NYSE UNM opened at $93.16 on Monday. 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 moving average of $89.40 and a 200-day moving average of $82.30. The firm has a market capitalization of $14.75 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 0.98 and a beta of 0.26. Unum Group has a 12 month low of $68.70 and a 12 month high of $94.55.

Unum Group (NYSE:UNM - Get Free Report) last announced its earnings results 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 net margin of 5.26% and a return on equity of 12.60%. The business had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the firm posted $1.92 earnings per share. Unum Group'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 expect that Unum Group will post 8.64 earnings per share for the current fiscal year.

Unum Group announced that its board has authorized a share buyback plan on Wednesday, August 26th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Unum Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 24th were given a $0.505 dividend. This represents a $2.02 annualized dividend and a yield of 2.2%. This is a boost 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%.

Wall Street Analyst Weigh In

Several brokerages have commented on UNM. UBS Group set a $94.00 target price on Unum Group in a research note on Tuesday, July 7th. 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 report on Friday, July 10th. Wells Fargo & Company raised their price objective on shares of Unum Group from $100.00 to $101.00 and gave the company an "overweight" rating in a research report on Thursday, July 9th. Keefe, Bruyette & Woods reduced their price objective on shares of Unum Group from $110.00 to $108.00 and set an "outperform" rating for the company in a research note on Thursday, July 30th. Finally, Weiss Ratings raised shares of Unum Group from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, July 28th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $99.42.

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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