Wellington Management Group LLP Lowers Stock Holdings in Unum Group $UNM

Wellington Management Group LLP lowered its position in shares of Unum Group (NYSE:UNM) by 21.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 287,512 shares of the financial services provider’s stock after selling 76,741 shares during the period. Wellington Management Group LLP owned about 0.18% of Unum Group worth $25,704,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UNM. Norges Bank purchased a new position in shares of Unum Group during the 4th quarter valued at about $1,108,919,000. Canada Pension Plan Investment Board purchased a new stake in Unum Group in the second quarter worth approximately $84,097,000. Zurich Insurance Group Ltd FI bought a new position in Unum Group during the fourth quarter valued at approximately $58,860,000. Alyeska Investment Group L.P. grew its position in Unum Group by 365.3% during the fourth quarter. Alyeska Investment Group L.P. now owns 930,534 shares of the financial services provider’s stock valued at $72,116,000 after acquiring an additional 730,534 shares during the last quarter. Finally, Donald Smith & CO. Inc. purchased a new position in shares of Unum Group during the second quarter worth approximately $58,064,000. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UNM. Evercore reaffirmed an “outperform” rating and issued a $106.00 price objective on shares of Unum Group in a research note on Tuesday, July 7th. JPMorgan Chase & Co. decreased their target price on shares of Unum Group from $101.00 to $98.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. UBS Group set a $94.00 price target on shares of Unum Group in a research report on Tuesday, July 7th. Weiss Ratings raised Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Finally, Keefe, Bruyette & Woods decreased their price objective on Unum Group from $110.00 to $108.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold 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 $99.42.

Unum Group Stock Down 0.7%

Shares of Unum Group stock opened at $95.89 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 0.34. Unum Group has a 52-week low of $69.02 and a 52-week high of $96.77. The company’s 50 day moving average price is $89.80 and its 200-day moving average price is $83.01. The stock has a market capitalization of $15.18 billion, a price-to-earnings ratio of 22.35, a P/E/G ratio of 1.01 and a beta of 0.27.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $2.16 EPS for the quarter, meeting analysts’ consensus estimates of $2.16. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $2.90 billion. Unum Group had a net margin of 5.26% and a return on equity of 12.60%. The firm’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.92 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Equities research analysts forecast that Unum Group will post 8.64 EPS for the current year.

Unum Group announced that its board has initiated a stock buyback program on Wednesday, August 26th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to purchase up to 7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Unum Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 24th were paid a dividend of $0.505 per share. This represents a $2.02 annualized dividend and a dividend yield of 2.1%. This is a positive change from Unum Group’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, July 24th. Unum Group’s payout ratio is currently 47.09%.

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.