State of Wyoming Acquires 7,630 Shares of Unum Group $UNM

State of Wyoming increased its holdings in shares of Unum Group (NYSE:UNM) by 425.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,422 shares of the financial services provider’s stock after purchasing an additional 7,630 shares during the period. State of Wyoming’s holdings in Unum Group were worth $842,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in UNM. Norges Bank acquired a new position in Unum Group in the fourth quarter valued at approximately $1,108,919,000. Zurich Insurance Group Ltd FI bought a new position in shares of Unum Group during the 4th quarter worth approximately $58,860,000. Alyeska Investment Group L.P. grew its position in shares of Unum Group by 365.3% during the 4th quarter. Alyeska Investment Group L.P. now owns 930,534 shares of the financial services provider’s stock worth $72,116,000 after buying an additional 730,534 shares during the period. AQR Capital Management LLC grew its position in shares of Unum Group by 35.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,339,289 shares of the financial services provider’s stock worth $181,622,000 after buying an additional 607,684 shares during the period. Finally, Two Sigma Investments LP increased its stake in shares of Unum Group by 127.3% in the 3rd quarter. Two Sigma Investments LP now owns 864,485 shares of the financial services provider’s stock valued at $67,240,000 after acquiring an additional 484,107 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Truist Financial increased their target price on shares of Unum Group from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Keefe, Bruyette & Woods decreased their price target on shares of Unum Group from $110.00 to $108.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th. Wolfe Research dropped their price objective on shares of Unum Group from $102.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday, July 6th. UBS Group set a $94.00 price objective on shares of Unum Group in a research report on Tuesday, July 7th. Finally, Evercore reissued an “outperform” rating and set a $106.00 price objective on shares of Unum Group in a research report on Tuesday, July 7th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $99.00.

Unum Group Price Performance

Shares of NYSE:UNM opened at $93.41 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.35. Unum Group has a twelve month low of $68.28 and a twelve month high of $94.55. The stock’s 50 day moving average is $89.51 and its 200-day moving average is $81.26. The firm has a market capitalization of $14.79 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 0.99 and a beta of 0.26.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The company had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the business earned $1.92 EPS. Unum Group’s quarterly revenue was up .3% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Sell-side analysts forecast that Unum Group will post 8.65 EPS for the current fiscal year.

Unum Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 24th were issued a dividend of $0.505 per share. The ex-dividend date was Friday, July 24th. This is a positive change from Unum Group’s previous quarterly dividend of $0.46. This represents a $2.02 annualized dividend and a yield of 2.2%. Unum Group’s dividend payout ratio is currently 47.09%.

Unum Group Company 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.