The Manufacturers Life Insurance Company Purchases Shares of 226,519 Unum Group $UNM

Key Points

• The Manufacturers Life Insurance Company acquired 226,519 Unum Group shares valued at approximately $20.3 million, while institutional investors collectively own 86.57% of the company.
• Unum Group reported quarterly earnings of $2.16 per share, in line with estimates, and revenue of $3.39 billion, above the $2.90 billion consensus forecast. The company maintained fiscal 2026 EPS guidance of $8.60–$8.90.
• The board approved a $1 billion share-repurchase program covering up to 7% of outstanding shares, and the company raised its quarterly dividend to $0.505 per share. Analysts give the stock a “Moderate Buy” consensus rating with a $99.42 average price target.

The Manufacturers Life Insurance Company acquired a new position in shares of Unum Group (NYSE:UNM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 226,519 shares of the financial services provider's stock, valued at approximately $20,251,000. The Manufacturers Life Insurance Company owned about 0.14% of Unum Group as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Cibc World Market Inc. bought a new stake in Unum Group in the 2nd quarter valued at $5,220,000. Leigh Baldwin & CO. LLC acquired a new position in Unum Group in the 2nd quarter valued at $236,000. Sanctuary Advisors LLC bought a new position in Unum Group during the 2nd quarter worth $596,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Unum Group during the 2nd quarter worth $12,949,000. Finally, PEAK6 LLC acquired a new stake in shares of Unum Group during the second quarter worth $3,002,000. Institutional investors own 86.57% of the company's stock.

Unum Group Price Performance

Shares of NYSE UNM opened at $92.45 on Friday. The stock has a market capitalization of $14.64 billion, a PE ratio of 21.55, a P/E/G ratio of 0.97 and a beta of 0.26. 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 business has a fifty day moving average price of $89.34 and a two-hundred day moving average price of $82.15. Unum Group has a fifty-two week low of $68.70 and a fifty-two week high of $94.55.

Unum Group (NYSE:UNM - Get Free Report) last released 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. The firm had revenue of $3.39 billion during 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 company's revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.92 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, equities analysts predict that Unum Group will post 8.64 earnings per share for the current fiscal year.

Unum Group declared that its board has approved a stock repurchase plan on Wednesday, August 26th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Unum Group Increases Dividend

The company also recently disclosed 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 is a positive change from Unum Group's previous quarterly dividend of $0.46. This represents a $2.02 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, July 24th. Unum Group's dividend payout ratio (DPR) is currently 47.09%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on UNM shares. Wolfe Research reduced 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 report on Monday, July 6th. Truist Financial raised their price target 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. Jefferies Financial Group lifted their price objective on shares of Unum Group from $117.00 to $123.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. Keefe, Bruyette & Woods cut their price objective on shares of Unum Group from $110.00 to $108.00 and set an "outperform" rating for the company in a report on Thursday, July 30th. Finally, Morgan Stanley increased their target price on shares of Unum Group from $87.00 to $92.00 and gave the stock an "equal weight" rating in a research report on Monday. 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $99.42.

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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