Allspring Global Investments Holdings LLC Trims Stock Holdings in Unum Group $UNM

Allspring Global Investments Holdings LLC lowered its holdings in shares of Unum Group (NYSE:UNM) by 12.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 575,063 shares of the financial services provider’s stock after selling 80,503 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.34% of Unum Group worth $44,412,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of UNM. Triumph Capital Management bought a new position in shares of Unum Group in the third quarter worth about $31,000. Ancora Advisors LLC lifted its holdings in 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 buying an additional 339 shares in the last quarter. True Wealth Design LLC lifted its holdings 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 valued at $46,000 after buying an additional 156 shares in the last quarter. SJS Investment Consulting Inc. boosted its position in Unum Group by 2,350.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 588 shares of the financial services provider’s stock valued at $46,000 after buying an additional 564 shares during the period. Finally, Danske Bank A S purchased a new stake in Unum Group in the 3rd quarter valued at about $47,000. Institutional investors own 86.57% of the company’s stock.

Insider Activity

In related news, Director Timothy F. Keaney sold 4,500 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $72.58, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Christopher W. Pyne sold 4,852 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $72.47, for a total transaction of $351,624.44. Following the completion of the sale, the executive vice president owned 52,268 shares of the company’s stock, valued at approximately $3,787,861.96. This trade represents a 8.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 21,852 shares of company stock valued at $1,590,734 over the last 90 days. 0.92% of the stock is currently owned by corporate insiders.

Unum Group Trading Up 1.2%

Shares of NYSE:UNM opened at $73.93 on Thursday. The company has a market capitalization of $12.11 billion, a PE ratio of 17.40, a P/E/G ratio of 1.59 and a beta of 0.19. 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 12-month low of $66.81 and a 12-month high of $83.21. The business’s fifty day simple moving average is $73.60 and its 200-day simple moving average is $75.64.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.19). Unum Group had a return on equity of 12.62% and a net margin of 5.65%.The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter last year, the company earned $2.03 earnings per share. The company’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. As a group, equities research analysts predict that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group announced that its Board of Directors has approved a stock repurchase plan on Thursday, December 4th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to buy up to 8.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Unum Group Announces Dividend

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

Analysts Set New Price Targets

UNM has been the topic of a number of research reports. Morgan Stanley reduced their target price on shares of Unum Group from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 3rd. UBS Group lowered their price target on Unum Group from $85.00 to $81.00 and set a “neutral” rating for the company in a report on Friday, February 20th. Wells Fargo & Company dropped their price objective on Unum Group from $104.00 to $102.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. Evercore set a $103.00 target price on Unum Group in a research report on Friday, February 6th. Finally, Wall Street Zen cut Unum Group from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.40.

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.