Mirae Asset Global Investments Co. Ltd. Has $10.79 Million Stake in Unum Group $UNM

Mirae Asset Global Investments Co. Ltd. decreased its stake in shares of Unum Group (NYSE:UNM) by 7.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 139,175 shares of the financial services provider’s stock after selling 11,316 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.08% of Unum Group worth $10,786,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Triumph Capital Management acquired a new position in shares of Unum Group during the 3rd quarter valued at about $31,000. Ancora Advisors LLC increased its holdings in shares of Unum Group by 385.2% during the 3rd quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 339 shares during the last quarter. True Wealth Design LLC increased its holdings in shares of Unum Group by 36.2% during the 3rd quarter. True Wealth Design LLC now owns 587 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 156 shares during the last quarter. SJS Investment Consulting Inc. increased its holdings in shares of Unum Group by 2,350.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 588 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 564 shares during the last quarter. Finally, Danske Bank A S acquired a new position in shares of Unum Group during the 3rd quarter valued at about $47,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Price Performance

Shares of NYSE:UNM opened at $79.65 on Monday. The business has a 50 day moving average price of $73.78 and a 200 day moving average price of $75.67. Unum Group has a twelve month low of $68.28 and a twelve month high of $83.13. The company has a market cap of $12.86 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 1.63 and a beta of 0.19. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.34.

Unum Group (NYSE:UNM) last announced its earnings results on Thursday, February 5th. The financial services provider reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.19). Unum Group had a net margin of 5.65% and a return on equity of 12.62%. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the previous year, the company earned $2.03 EPS. Unum Group’s revenue for the quarter was up .2% compared to the same quarter last year. 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 year.

Unum Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, April 24th will be paid a dividend of $0.46 per share. The ex-dividend date is Friday, April 24th. This represents a $1.84 annualized dividend and a yield of 2.3%. Unum Group’s dividend payout ratio is presently 43.29%.

Insider Transactions at Unum Group

In other Unum Group news, Director Cynthia Egan sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $73.00, for a total value of $657,000.00. Following the completion of the sale, the director owned 42,846 shares in the company, valued at approximately $3,127,758. This trade represents a 17.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy F. Keaney sold 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $72.58, for a total value of $326,610.00. Following the completion of the sale, the director owned 38,592 shares of the company’s stock, valued at $2,801,007.36. This represents a 10.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 21,852 shares of company stock worth $1,590,734 over the last 90 days. Insiders own 0.92% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on UNM. Evercore set a $103.00 price objective on Unum Group in a report on Friday, February 6th. JPMorgan Chase & Co. lowered their price objective on Unum Group from $92.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Jefferies Financial Group reissued a “buy” rating and set a $115.00 price objective on shares of Unum Group in a report on Monday, January 5th. Bank of America decreased their target price on Unum Group from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Finally, Zacks Research upgraded Unum Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.91.

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.