VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $18.10 Million Investment in Unum Group $UNM

Key Points

• Virginia Retirement Systems acquired 202,416 Unum Group shares valued at approximately $18.1 million, giving it a 0.13% stake. Institutional investors collectively own 86.57% of the company.
• Unum reported quarterly EPS of $2.16, matching estimates, while revenue reached $3.39 billion and rose 0.3% year over year. The company also authorized a $1 billion share-repurchase program and increased its quarterly dividend to $0.505 per share.
• Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $99.42 compared with the stock’s $95.89 opening price.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Unum Group (NYSE:UNM - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 202,416 shares of the financial services provider's stock, valued at approximately $18,096,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.13% of Unum Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in UNM. Brighton Jones LLC bought a new position in Unum Group in the 4th quarter valued at approximately $247,000. EverSource Wealth Advisors LLC increased its holdings in shares of Unum Group by 157.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,851 shares of the financial services provider's stock worth $149,000 after purchasing an additional 1,132 shares in the last quarter. Baird Financial Group Inc. increased its holdings in shares of Unum Group by 26.6% in the 2nd quarter. Baird Financial Group Inc. now owns 7,939 shares of the financial services provider's stock worth $641,000 after purchasing an additional 1,666 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of Unum Group by 13.2% in the second quarter. Brown Advisory Inc. now owns 6,445 shares of the financial services provider's stock worth $520,000 after purchasing an additional 753 shares during the last quarter. Finally, Cresset Asset Management LLC raised its stake in shares of Unum Group by 6.1% in the second quarter. Cresset Asset Management LLC now owns 6,715 shares of the financial services provider's stock worth $542,000 after purchasing an additional 386 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company's stock.

Unum Group Stock Up 0.0%

UNM opened at $95.89 on Tuesday. 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 1-year low of $69.02 and a 1-year high of $96.77. The company has a market capitalization of $15.18 billion, a PE ratio of 22.35, a PEG ratio of 1.01 and a beta of 0.27. The firm's 50 day simple moving average is $89.93 and its two-hundred day simple moving average is $83.25.

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 (EPS) 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 net margin of 5.26% and a return on equity of 12.60%. The company's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.92 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, equities analysts forecast that Unum Group will post 8.64 EPS for the current year.

Unum Group announced that its Board of Directors has approved a share repurchase program on Wednesday, August 26th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

Unum Group Increases Dividend

The business also recently announced 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 represents a $2.02 annualized dividend and a yield of 2.1%. This is a boost from Unum Group's previous quarterly dividend of $0.46. The ex-dividend date was Friday, July 24th. Unum Group's dividend payout ratio (DPR) is presently 47.09%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. UBS Group set a $94.00 price objective on Unum Group in a research report on Tuesday, July 7th. Weiss Ratings upgraded Unum Group from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, July 28th. Morgan Stanley boosted their target price on Unum Group from $87.00 to $92.00 and gave the stock an "equal weight" rating in a research report on Monday, August 24th. Evercore restated an "outperform" rating and set a $106.00 target price on shares of Unum Group in a research note on Tuesday, July 7th. Finally, Jefferies Financial Group raised 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. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average 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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