Unum Group $UNM Stock Acquired by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management increased its Unum Group stake by 977.7% in the second quarter, bringing its holdings to 167,607 shares valued at approximately $15.0 million. Institutional investors collectively own 86.57% of Unum’s stock.
• Analysts maintain a generally positive view of Unum, with a consensus rating of “Moderate Buy” and an average price target of $99.42. The company reported quarterly EPS of $2.16, revenue of $3.39 billion, and issued fiscal 2026 EPS guidance of $8.60–$8.90.
• Unum raised its quarterly dividend to $0.505 per share and authorized a $1 billion share-repurchase program, allowing buybacks of up to 7% of outstanding shares.

Envestnet Asset Management Inc. boosted its position in Unum Group (NYSE:UNM - Free Report) by 977.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 167,607 shares of the financial services provider's stock after acquiring an additional 152,055 shares during the period. Envestnet Asset Management Inc. owned 0.11% of Unum Group worth $14,984,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Canada Pension Plan Investment Board bought a new stake in Unum Group during the 2nd quarter valued at approximately $84,097,000. Donald Smith & CO. Inc. bought a new position in shares of Unum Group in the 2nd quarter worth approximately $58,064,000. Bank of America Corp DE bought a new position in shares of Unum Group in the 2nd quarter worth approximately $55,273,000. Freestone Grove Partners LP purchased a new position in shares of Unum Group in the 2nd quarter valued at approximately $49,065,000. Finally, Algebris UK Ltd. purchased a new position in shares of Unum Group in the 2nd quarter valued at approximately $35,412,000. Hedge funds and other institutional investors own 86.57% of the company's stock.

Analyst Ratings Changes

UNM has been the subject of a number of research reports. Wolfe Research decreased their price objective on Unum Group from $102.00 to $100.00 and set an "outperform" rating for the company in a report on Monday, July 6th. Weiss Ratings upgraded shares of Unum Group from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, July 28th. Wells Fargo & Company upped their target price on shares of Unum Group from $100.00 to $101.00 and gave the stock an "overweight" rating in a research report on Thursday, July 9th. Atlantic Securities set a $88.00 price target on shares of Unum Group in a research note on Wednesday, July 15th. Finally, UBS Group set a $94.00 price target on shares of Unum Group in a research report on Tuesday, July 7th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $99.42.

Insider Activity

In related news, EVP Lisa Iglesias sold 4,000 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $94.44, for a total transaction of $377,760.00. Following the transaction, the executive vice president owned 25,453 shares in the company, valued at $2,403,781.32. This represents a 13.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Lynn Jr sold 2,188 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $94.31, for a total transaction of $206,350.28. Following the transaction, the chief accounting officer owned 8,154 shares in the company, 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 valued at $988,396 over the last three months. Insiders own 1.00% of the company's stock.

Unum Group Stock Performance

UNM stock opened at $87.80 on Thursday. The stock's 50 day simple moving average is $91.25 and its 200 day simple moving average is $85.71. 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 stock has a market capitalization of $13.90 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 0.93 and a beta of 0.27.

Unum Group (NYSE:UNM - Get Free Report) last posted its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 EPS for the quarter, hitting analysts' consensus estimates of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The business had revenue of $3.39 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the company earned $1.92 EPS. The company's quarterly revenue was up .3% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, research analysts forecast that Unum Group will post 8.64 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 24th were paid a $0.5050 dividend. This is a boost from Unum Group's previous quarterly dividend of $0.46. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, July 24th. Unum Group's dividend payout ratio (DPR) is presently 47.09%.

Unum Group declared that its board has initiated a share buyback program 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 stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

Unum Group Company 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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