Unum Group $UNM Shares Bought by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Unum Group stake by 46.3% in the third quarter, adding 198,047 shares and bringing its holdings to 625,411 shares valued at approximately $54.9 million. Institutional investors collectively own 86.57% of UNM.
• Unum reported quarterly EPS of $2.16, matching analyst estimates, while revenue reached $3.39 billion. The company reaffirmed fiscal 2026 EPS guidance of $8.60–$8.90.
• Unum declared a quarterly dividend of $0.505 per share, representing a 2.2% yield, and authorized a $1 billion share-repurchase program covering up to 7% of outstanding shares. Analysts maintain a “Moderate Buy” consensus with an average price target of $99.42.

Assenagon Asset Management S.A. boosted its holdings in shares of Unum Group (NYSE:UNM - Free Report) by 46.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 625,411 shares of the financial services provider's stock after acquiring an additional 198,047 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.40% of Unum Group worth $54,867,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNM. Prosperity Consulting Group LLC lifted its stake in shares of 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 valued at $596,000 after purchasing an additional 128 shares during the last quarter. CX Institutional increased its position in Unum Group by 57.8% during the third quarter. CX Institutional now owns 352 shares of the financial services provider's stock worth $31,000 after buying an additional 129 shares during the last quarter. Fragasso Financial Advisors Inc increased its position in Unum Group by 4.9% during the third quarter. Fragasso Financial Advisors Inc now owns 2,901 shares of the financial services provider's stock worth $266,000 after buying an additional 135 shares during the last quarter. D.A. Davidson & CO. increased its position in 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 worth $579,000 after buying an additional 144 shares during the last quarter. Finally, WPG Advisers LLC increased its position in Unum Group by 12.5% during the second quarter. WPG Advisers LLC now owns 1,301 shares of the financial services provider's stock worth $116,000 after buying an additional 145 shares during the last quarter. Institutional investors own 86.57% of the company's stock.

Unum Group Price Performance

Shares of UNM stock opened at $92.28 on Friday. The stock has a 50 day moving average of $92.10 and a two-hundred day moving average of $87.12. 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 has a 12 month low of $69.02 and a 12 month high of $96.77. The company has a market capitalization of $14.61 billion, a P/E ratio of 21.51, a P/E/G ratio of 0.89 and a beta of 0.25.

Unum Group (NYSE:UNM - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.16. The business had revenue of $3.39 billion for 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 quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the business posted $1.92 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, equities analysts expect that Unum Group will post 8.64 EPS for the current year.

Unum Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 30th will be issued a dividend of $0.5050 per share. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, October 30th. Unum Group's dividend payout ratio (DPR) is presently 47.09%.

Unum Group announced that its board has authorized a share repurchase plan on Wednesday, August 26th that authorizes the company to buy back $1.00 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 7% of its shares through open market purchases. Share buyback plans are often a sign that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

UNM has been the subject of several recent analyst reports. Keefe, Bruyette & Woods decreased 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. Jefferies Financial Group upped their price target on shares of Unum Group from $117.00 to $123.00 and gave the company a "buy" rating in a report on Friday, July 10th. UBS Group set a $94.00 price target on Unum Group in a report on Tuesday, July 7th. Atlantic Securities set a $88.00 price target on Unum Group in a report on Wednesday, July 15th. Finally, Wells Fargo & Company increased their price objective on Unum Group from $100.00 to $102.00 and gave the company an "overweight" rating in a research report on Monday, October 12th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $99.42.

Insider Transactions at Unum Group

In other news, CAO Lynn Jr sold 2,188 shares of Unum Group stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $94.31, for a total transaction of $206,350.28. Following the sale, the chief accounting officer directly owned 8,154 shares in the company, valued at approximately $769,003.74. The trade was a 21.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy F. Keaney sold 4,300 shares of the company's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $94.02, for a total transaction of $404,286.00. Following the completion of the sale, the director directly owned 36,502 shares in the company, valued at approximately $3,431,918.04. The trade was a 10.54% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 10,488 shares of company stock valued at $988,396. Company insiders own 1.00% of the company's stock.

Unum Group Profile

Unum Group is an insurance company that provides employee benefits and related financial protection products to individuals, employers and their workforces. Its offerings include disability insurance, group and individual life insurance, accidental death and dismemberment coverage, long-term care insurance, and supplemental health benefits.

The company serves employers through workplace benefits programs, including absence-management and leave-administration services. Through its Colonial Life business, Unum also offers voluntary benefits such as accident, critical illness, hospital indemnity and dental insurance, which employees may obtain through the workplace.

Unum Group traces its history to 1848, when Union Mutual Life Insurance Company was established in Maine.

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