Corient Private Wealth LP Acquires New Position in Unum Group $UNM

Corient Private Wealth LP bought a new position in shares of Unum Group (NYSE:UNM) during the second quarter, HoldingsChannel.com reports. The firm bought 184,394 shares of the financial services provider’s stock, valued at approximately $12,064,000.

Other large investors have also added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new position in shares of Unum Group in the fourth quarter worth approximately $25,000. SHP Wealth Management bought a new stake in shares of Unum Group during the 4th quarter valued at $25,000. MBM Wealth Consultants LLC bought a new stake in shares of Unum Group during the 1st quarter valued at $29,000. Triumph Capital Management purchased a new position in shares of Unum Group during the 3rd quarter valued at $31,000. Finally, Ancora Advisors LLC lifted its stake in shares of 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. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Unum Group Stock Up 0.8%

UNM opened at $93.16 on Friday. The firm has a 50-day simple moving average of $89.40 and a two-hundred day simple moving average of $82.23. Unum Group has a 52 week low of $68.70 and a 52 week high of $94.55. The company has a market capitalization of $14.75 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 0.98 and a beta of 0.26. 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 (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 the consensus estimate of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The firm had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the previous year, the firm posted $1.92 earnings per share. The business’s 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. Analysts forecast that Unum Group will post 8.64 earnings per share for the current fiscal year.

Unum Group declared that its board has authorized a share repurchase plan on Wednesday, August 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to purchase up to 7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is 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 issued a dividend of $0.505 per share. 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. This represents a $2.02 annualized dividend and a dividend yield of 2.2%. Unum Group’s payout ratio is currently 47.09%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Atlantic Securities set a $88.00 price target on Unum Group in a research note on Wednesday, July 15th. Jefferies Financial Group boosted their price objective on Unum Group from $117.00 to $123.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Evercore reiterated an “outperform” rating and set a $106.00 target price on shares of Unum Group in a research report on Tuesday, July 7th. Morgan Stanley lifted their target price on Unum Group from $87.00 to $92.00 and gave the company an “equal weight” rating in a research note on Monday, August 24th. Finally, Wells Fargo & Company boosted their price target on Unum Group from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Unum Group presently has an average rating of “Moderate Buy” and an average target price of $99.42.

Unum Group 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.