Unum Group $UNM Shares Sold by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon cut its Unum Group stake by 6.7% in the fourth quarter, selling 120,518 shares and leaving it with 1,669,079 shares valued at about $129.4 million.
• Unum Group reported better-than-expected first-quarter earnings of $2.14 per share on revenue of $3.36 billion, and it also raised FY 2026 guidance to 8.60–8.90 EPS.
• The company recently paid a quarterly dividend of $0.46 per share, and Wall Street remains constructive overall with a Moderate Buy consensus and an average price target of $93.83.

Bank of New York Mellon Corp lowered its stake in Unum Group (NYSE:UNM - Free Report) by 6.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,669,079 shares of the financial services provider's stock after selling 120,518 shares during the quarter. Bank of New York Mellon Corp owned 1.00% of Unum Group worth $129,354,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UNM. Norges Bank purchased a new position in Unum Group in the 4th quarter valued at $1,108,919,000. AQR Capital Management LLC lifted its holdings in Unum Group by 35.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,339,289 shares of the financial services provider's stock valued at $181,622,000 after purchasing an additional 607,684 shares in the last quarter. Two Sigma Investments LP lifted its holdings in Unum Group by 127.3% in the 3rd quarter. Two Sigma Investments LP now owns 864,485 shares of the financial services provider's stock valued at $67,240,000 after purchasing an additional 484,107 shares in the last quarter. Moore Capital Management LP lifted its holdings in Unum Group by 195.0% in the 3rd quarter. Moore Capital Management LP now owns 658,912 shares of the financial services provider's stock valued at $51,250,000 after purchasing an additional 435,552 shares in the last quarter. Finally, Algebris UK Ltd. lifted its holdings in Unum Group by 79.7% in the 4th quarter. Algebris UK Ltd. now owns 699,806 shares of the financial services provider's stock valued at $54,260,000 after purchasing an additional 310,343 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company's stock.

Unum Group Stock Up 2.1%

NYSE UNM opened at $86.71 on Friday. Unum Group has a 52 week low of $68.28 and a 52 week high of $86.88. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.35. The business's fifty day simple moving average is $79.67 and its 200-day simple moving average is $76.89. The firm has a market cap of $13.85 billion, a PE ratio of 18.85, a P/E/G ratio of 0.88 and a beta of 0.24.

Unum Group (NYSE:UNM - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $2.07 by $0.07. Unum Group had a return on equity of 12.60% and a net margin of 5.86%.The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $2.91 billion. During the same quarter in the previous year, the firm earned $2.04 EPS. The company's quarterly revenue was up 8.5% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. As a group, equities analysts anticipate that Unum Group will post 8.76 earnings per share for the current year.

Unum Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were given a dividend of $0.46 per share. The ex-dividend date was Friday, April 24th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.1%. Unum Group's dividend payout ratio (DPR) is currently 40.00%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UNM. Morgan Stanley raised their price objective on Unum Group from $80.00 to $87.00 and gave the company an "equal weight" rating in a report on Thursday, May 21st. Truist Financial raised their price objective on Unum Group from $88.00 to $96.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Zacks Research upgraded Unum Group from a "strong sell" rating to a "hold" rating in a report on Monday, April 6th. Wells Fargo & Company lifted their price target on Unum Group from $99.00 to $100.00 and gave the stock an "overweight" rating in a report on Tuesday, May 5th. Finally, Keefe, Bruyette & Woods reiterated a "moderate buy" rating and set a $95.00 price target on shares of Unum Group in a report on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $93.83.

Insider Buying and Selling at Unum Group

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 12,000 shares of Unum Group stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $80.14, for a total transaction of $961,680.00. Following the completion of the sale, the executive vice president directly owned 42,587 shares in the company, valued at $3,412,922.18. This trade represents a 21.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lisa G. Iglesias sold 3,500 shares of Unum Group stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $73.00, for a total transaction of $255,500.00. Following the completion of the sale, the executive vice president owned 29,453 shares of the company's stock, valued at $2,150,069. This trade represents a 10.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 20,352 shares of company stock worth $1,568,804 over the last three months. Insiders own 1.00% of the company's stock.

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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