Empowered Funds LLC Raises Stock Holdings in Unum Group $UNM

Empowered Funds LLC grew its position in shares of Unum Group (NYSE:UNM) by 1,099.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,139 shares of the financial services provider’s stock after purchasing an additional 23,959 shares during the period. Empowered Funds LLC’s holdings in Unum Group were worth $1,909,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. UBS Group AG increased its stake in Unum Group by 5.4% in the fourth quarter. UBS Group AG now owns 1,356,916 shares of the financial services provider’s stock valued at $105,161,000 after purchasing an additional 68,957 shares during the last quarter. Qsemble Capital Management LP boosted its stake in Unum Group by 245.9% in the 4th quarter. Qsemble Capital Management LP now owns 106,742 shares of the financial services provider’s stock worth $8,273,000 after buying an additional 75,885 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Unum Group in the 4th quarter valued at about $2,567,000. TABR Capital Management LLC purchased a new stake in Unum Group in the 4th quarter valued at about $5,768,000. Finally, Swedbank AB increased its stake in shares of Unum Group by 148.3% during the 4th quarter. Swedbank AB now owns 467,505 shares of the financial services provider’s stock valued at $36,232,000 after acquiring an additional 279,233 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on UNM. Truist Financial raised their target price on shares of Unum Group from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. UBS Group set a $94.00 price target on shares of Unum Group in a research report on Tuesday, July 7th. Wells Fargo & Company lifted their price target on shares of Unum Group from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Bank of America lowered their price objective on shares of Unum Group from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Finally, Weiss Ratings upgraded Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $99.00.

Unum Group Stock Up 0.9%

Shares of Unum Group stock opened at $89.84 on Friday. Unum Group has a twelve month low of $68.28 and a twelve month high of $93.21. The stock has a market cap of $14.22 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 0.94 and a beta of 0.26. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average price of $88.64 and a 200 day moving average price of $80.64.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $2.16 EPS for the quarter, meeting the consensus estimate of $2.16. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $2.90 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The firm’s revenue was up .3% compared to the same quarter last year. During the same period last year, the company posted $1.92 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 8.68 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 24th will be paid a $0.505 dividend. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from Unum Group’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, July 24th. Unum Group’s payout ratio is 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.