State Street Corp Sells 78,017 Shares of Unum Group $UNM

Key Points

• State Street reduced its Unum Group position by 1.5%, selling 78,017 shares during the second quarter while retaining 5.07 million shares worth approximately $453.2 million. Institutional investors collectively own 86.57% of Unum’s stock.
• Unum reported quarterly earnings of $2.16 per share, in line with estimates, while revenue reached $3.39 billion and rose slightly year over year. The company issued fiscal 2026 EPS guidance of $8.60–$8.90.
• The company authorized a $1 billion share repurchase program and raised its quarterly dividend to $0.505 per share, equivalent to a 2.1% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $99.42.

State Street Corp trimmed its position in Unum Group (NYSE:UNM - Free Report) by 1.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,069,408 shares of the financial services provider's stock after selling 78,017 shares during the period. State Street Corp owned 3.20% of Unum Group worth $453,205,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Unum Group during the 4th quarter valued at about $1,108,919,000. Dimensional Fund Advisors LP increased its stake in Unum Group by 7.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,084,382 shares of the financial services provider's stock worth $298,287,000 after acquiring an additional 292,670 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Unum Group during the second quarter valued at $84,097,000. Quantinno Capital Management LP raised its position in Unum Group by 14.6% during the first quarter. Quantinno Capital Management LP now owns 754,335 shares of the financial services provider's stock valued at $55,089,000 after purchasing an additional 96,123 shares during the period. Finally, Donald Smith & CO. Inc. bought a new stake in Unum Group in the second quarter worth $58,064,000. Hedge funds and other institutional investors own 86.57% of the company's stock.

Insider Activity at Unum Group

In other news, Director Timothy Keaney sold 4,300 shares of the firm's stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $94.02, for a total transaction of $404,286.00. Following the sale, the director owned 36,502 shares of the company's stock, valued at $3,431,918.04. This trade represents a 10.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Walter Lynn Rice, Jr. sold 2,188 shares of the company's stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $94.31, for a total transaction of $206,350.28. Following the completion of the transaction, the chief accounting officer owned 8,154 shares of the company's stock, valued at approximately $769,003.74. This trade represents a 21.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 10,488 shares of company stock worth $988,396 over the last three months. Company insiders own 1.00% of the company's stock.

Unum Group Trading Up 1.4%

Shares of NYSE:UNM opened at $94.67 on Thursday. Unum Group has a 12-month low of $69.02 and a 12-month high of $96.77. The business's fifty day simple moving average is $91.11 and its 200-day simple moving average is $85.10. The company has a market capitalization of $14.99 billion, a PE ratio of 22.07, a P/E/G ratio of 0.99 and a beta of 0.27. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35.

Unum Group (NYSE:UNM - Get Free Report) last issued 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. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $2.90 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The firm's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the company earned $1.92 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, equities research analysts predict that Unum Group will post 8.64 earnings per share for the current fiscal year.

Unum Group announced that its board has approved a share repurchase program on Wednesday, August 26th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Unum Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 24th were issued a $0.505 dividend. This is a boost from Unum Group's previous quarterly dividend of $0.46. The ex-dividend date was Friday, July 24th. This represents a $2.02 annualized dividend and a yield of 2.1%. Unum Group's dividend payout ratio is currently 47.09%.

Analyst Ratings Changes

Several brokerages have recently weighed in on UNM. Weiss Ratings upgraded Unum Group from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, July 28th. Wells Fargo & Company boosted their target price on shares of Unum Group from $100.00 to $101.00 and gave the company an "overweight" rating in a research note on Thursday, July 9th. Morgan Stanley raised their price target on shares of Unum Group from $87.00 to $92.00 and gave the stock an "equal weight" rating in a research note on Monday, August 24th. Keefe, Bruyette & Woods lowered 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 report on Thursday, July 30th. Finally, UBS Group set a $94.00 price target on Unum Group in a report on Tuesday, July 7th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Unum Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $99.42.

Unum Group Profile

Unum Group is an insurance company that provides financial protection and employee benefits through workplace and individual products. Its offerings include disability insurance, life insurance, accident insurance, critical illness coverage, and related benefits designed to help individuals and families manage income loss and other financial risks.

The company serves employers, employees, and individual customers primarily in the United States, the United Kingdom, and Ireland. Its products are distributed through employers, insurance brokers, benefits advisers, and other intermediaries.

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