Cibc World Market Inc. Decreases Stake in Unum Group $UNM

Cibc World Market Inc. cut its stake in shares of Unum Group (NYSE:UNM) by 37.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,915 shares of the financial services provider’s stock after selling 29,921 shares during the quarter. Cibc World Market Inc.’s holdings in Unum Group were worth $3,960,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Unum Group during the 2nd quarter worth about $1,113,353,000. Allianz Asset Management GmbH lifted its stake in shares of Unum Group by 63.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,516,126 shares of the financial services provider’s stock valued at $195,704,000 after purchasing an additional 978,937 shares during the period. Ensign Peak Advisors Inc boosted its holdings in Unum Group by 762.9% during the second quarter. Ensign Peak Advisors Inc now owns 712,206 shares of the financial services provider’s stock worth $57,518,000 after buying an additional 629,665 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Unum Group during the 2nd quarter worth about $27,601,000. Finally, Neuberger Berman Group LLC boosted its position in Unum Group by 66.4% during the second quarter. Neuberger Berman Group LLC now owns 760,765 shares of the financial services provider’s stock worth $61,439,000 after purchasing an additional 303,500 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analyst Upgrades and Downgrades

UNM has been the topic of several research analyst reports. Evercore ISI set a $103.00 target price on shares of Unum Group in a research report on Friday, February 6th. Evercore set a $103.00 price target on Unum Group in a research note on Friday, February 6th. Barclays reissued an “overweight” rating on shares of Unum Group in a research note on Friday, February 6th. Jefferies Financial Group reiterated a “buy” rating and issued a $115.00 target price on shares of Unum Group in a research report on Monday, January 5th. Finally, Citigroup reiterated a “market perform” rating on shares of Unum Group in a research report on Thursday, December 18th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $97.69.

Insider Buying and Selling at Unum Group

In other Unum Group news, EVP Steven Andrew Zabel sold 7,500 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $76.38, for a total value of $572,850.00. Following the sale, the executive vice president directly owned 113,807 shares of the company’s stock, valued at approximately $8,692,578.66. This represents a 6.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Walter Lynn Rice, Jr. sold 900 shares of the firm’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $73.50, for a total transaction of $66,150.00. Following the completion of the sale, the chief accounting officer owned 8,940 shares in the company, valued at $657,090. The trade was a 9.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.93% of the company’s stock.

Unum Group Stock Performance

NYSE:UNM opened at $71.64 on Monday. Unum Group has a fifty-two week low of $66.81 and a fifty-two week high of $84.48. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.36 and a current ratio of 0.37. The company has a 50 day moving average price of $76.76 and a 200 day moving average price of $75.16. The stock has a market capitalization of $11.99 billion, a P/E ratio of 16.86, a PEG ratio of 1.60 and a beta of 0.20.

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

Unum Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Friday, January 30th will be issued a dividend of $0.46 per share. The ex-dividend date is Friday, January 30th. This represents a $1.84 dividend on an annualized basis and a yield of 2.6%. Unum Group’s dividend payout ratio is 43.29%.

Unum Group announced that its board has approved a share buyback program on Thursday, December 4th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 8.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Unum Group 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.