Envestnet Asset Management Inc. Has $1.06 Million Holdings in Unum Group $UNM

Envestnet Asset Management Inc. lessened its holdings in Unum Group (NYSE:UNM) by 87.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,662 shares of the financial services provider’s stock after selling 99,323 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Unum Group were worth $1,063,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of UNM. Brighton Jones LLC acquired a new stake in shares of Unum Group during the fourth quarter worth $247,000. Arkadios Wealth Advisors acquired a new position in shares of Unum Group during the 2nd quarter worth about $383,000. Hantz Financial Services Inc. grew its position in shares of Unum Group by 1,123.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 575 shares of the financial services provider’s stock worth $46,000 after buying an additional 528 shares during the period. Atria Investments Inc increased its stake in shares of Unum Group by 184.2% in the 2nd quarter. Atria Investments Inc now owns 13,419 shares of the financial services provider’s stock valued at $1,084,000 after acquiring an additional 8,697 shares during the last quarter. Finally, NewSquare Capital LLC raised its position in shares of Unum Group by 4.5% in the 2nd quarter. NewSquare Capital LLC now owns 112,831 shares of the financial services provider’s stock valued at $8,861,000 after acquiring an additional 4,816 shares during the period. 86.57% of the stock is owned by institutional investors.

Unum Group Price Performance

Shares of NYSE UNM opened at $70.69 on Wednesday. The company has a fifty day moving average price of $75.65 and a 200 day moving average price of $75.35. The firm has a market cap of $11.58 billion, a PE ratio of 16.63, a PEG ratio of 1.61 and a beta of 0.20. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.34. Unum Group has a 1-year low of $66.81 and a 1-year high of $84.48.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.19). The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.29 billion. Unum Group had a net margin of 5.65% and a return on equity of 12.62%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $2.03 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Research analysts predict that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, January 30th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, January 30th. Unum Group’s dividend payout ratio (DPR) is currently 43.29%.

Unum Group declared that its Board of Directors has authorized a stock buyback plan on Thursday, December 4th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 8.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

UNM has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $115.00 target price on shares of Unum Group in a research note on Monday, January 5th. Weiss Ratings raised shares of Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 26th. Zacks Research downgraded Unum Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 25th. Wells Fargo & Company reduced their target price on Unum Group from $104.00 to $102.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. Finally, Morgan Stanley decreased their target price on Unum Group from $85.00 to $80.00 and set an “equal weight” rating for the company in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Unum Group has a consensus rating of “Moderate Buy” and an average price target of $95.64.

Insider Activity

In other news, Director Timothy F. Keaney sold 4,500 shares of Unum Group stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $72.58, for a total value of $326,610.00. Following the sale, the director directly owned 38,592 shares in the company, valued at $2,801,007.36. This trade represents a 10.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cynthia Egan sold 9,000 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $73.00, for a total transaction of $657,000.00. Following the completion of the sale, the director directly owned 42,846 shares in the company, valued at approximately $3,127,758. This represents a 17.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,400 shares of company stock worth $1,049,760 over the last ninety days. Insiders own 0.93% of the company’s stock.

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.