First Trust Advisors LP Has $446.06 Million Position in Unum Group $UNM

First Trust Advisors LP increased its holdings in shares of Unum Group (NYSE:UNM) by 4.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,734,937 shares of the financial services provider’s stock after buying an additional 223,095 shares during the period. First Trust Advisors LP owned about 3.43% of Unum Group worth $446,063,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in UNM. Legacy Investment Solutions LLC acquired a new position in Unum Group in the 2nd quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC increased its holdings in Unum Group by 44.0% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 537 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 164 shares during the period. True Wealth Design LLC raised its position in Unum Group by 36.2% during the 3rd quarter. True Wealth Design LLC now owns 587 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 156 shares during the last quarter. SJS Investment Consulting Inc. lifted its holdings in 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 worth $46,000 after buying an additional 564 shares during the period. Finally, Root Financial Partners LLC bought a new stake in Unum Group in the third quarter valued at approximately $76,000. 86.57% of the stock is owned by institutional investors.

Insider Activity at Unum Group

In related news, Director Timothy F. Keaney sold 4,500 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $72.58, for a total transaction of $326,610.00. Following the completion of the sale, the director directly owned 38,592 shares of the company’s stock, valued at approximately $2,801,007.36. This trade represents a 10.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Walter Lynn Rice, Jr. sold 900 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $73.50, for a total value of $66,150.00. Following the completion of the transaction, the chief accounting officer owned 8,940 shares of the company’s stock, valued at $657,090. This trade represents a 9.15% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 14,400 shares of company stock valued at $1,049,760. 0.92% of the stock is owned by insiders.

Analysts Set New Price Targets

UNM has been the subject of several analyst reports. Weiss Ratings upgraded shares of Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 26th. Wells Fargo & Company lowered their target price on shares of Unum Group from $104.00 to $102.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. Evercore set a $103.00 target price on shares of Unum Group in a report on Friday, February 6th. UBS Group cut their target price on Unum Group from $85.00 to $81.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $115.00 target price on shares of Unum Group in a research note on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $94.40.

Unum Group Price Performance

Shares of NYSE UNM opened at $73.64 on Friday. The stock has a market cap of $12.06 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 1.67 and a beta of 0.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.37 and a current ratio of 0.37. Unum Group has a fifty-two week low of $66.81 and a fifty-two week high of $84.48. The firm’s 50-day simple moving average is $75.34 and its 200 day simple moving average is $75.37.

Unum Group (NYSE:UNM) last issued its quarterly earnings data 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 company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.29 billion. Unum Group had a return on equity of 12.62% and a net margin of 5.65%.The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.03 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, research analysts anticipate that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group declared that its Board of Directors has authorized a stock repurchase plan on Thursday, December 4th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to purchase up to 8.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Unum Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, January 30th were paid a $0.46 dividend. The ex-dividend date was Friday, January 30th. This represents a $1.84 annualized dividend and a yield of 2.5%. Unum Group’s dividend payout ratio (DPR) is 43.29%.

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.