Geode Capital Management LLC Sells 115,022 Shares of Unum Group $UNM

Geode Capital Management LLC reduced its position in shares of Unum Group (NYSE:UNM) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,272,028 shares of the financial services provider’s stock after selling 115,022 shares during the quarter. Geode Capital Management LLC’s holdings in Unum Group were worth $253,627,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new stake in Unum Group during the fourth quarter worth $25,000. Triumph Capital Management acquired a new position in shares of Unum Group in the third quarter valued at $31,000. Ancora Advisors LLC increased its holdings in shares of Unum Group by 385.2% in the third quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 339 shares during the last quarter. Danske Bank A S acquired a new position in shares of Unum Group in the third quarter valued at $47,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Unum Group in the fourth quarter valued at $48,000. 86.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

UNM has been the topic of a number of research reports. Truist Financial upped their price target on shares of Unum Group from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Wells Fargo & Company upped their price target on shares of Unum Group from $99.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Wall Street Zen upgraded shares of Unum Group from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Evercore set a $103.00 price target on shares of Unum Group in a research note on Friday, February 6th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Unum Group from $92.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Unum Group has a consensus rating of “Moderate Buy” and a consensus price target of $93.83.

Unum Group Trading Up 0.8%

UNM stock opened at $84.08 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.35 and a current ratio of 0.35. The company’s 50-day simple moving average is $78.77 and its 200 day simple moving average is $76.67. Unum Group has a 52 week low of $68.28 and a 52 week high of $85.27. The company has a market capitalization of $13.43 billion, a PE ratio of 18.28, a price-to-earnings-growth ratio of 0.85 and a beta of 0.24.

Unum Group (NYSE:UNM) last released its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $2.14 EPS for the quarter, beating the consensus estimate of $2.07 by $0.07. Unum Group had a net margin of 5.86% and a return on equity of 12.60%. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $2.91 billion. During the same period in the prior year, the company posted $2.04 earnings per share. Unum Group’s revenue was up 8.5% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. As a group, sell-side analysts anticipate that Unum Group will post 8.76 earnings per share for the current year.

Unum Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, April 24th. Unum Group’s dividend payout ratio is presently 40.00%.

Insiders Place Their Bets

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 12,000 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $80.14, for a total transaction of $961,680.00. Following the sale, the executive vice president directly owned 42,587 shares in the company, valued at $3,412,922.18. This represents a 21.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Christopher W. Pyne sold 4,852 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $72.47, for a total transaction of $351,624.44. Following the sale, the executive vice president owned 52,268 shares in the company, valued at $3,787,861.96. The trade was a 8.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 20,352 shares of company stock worth $1,568,804 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

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.