Bank of New York Mellon Corp Cuts Stock Position in Unum Group $UNM

Bank of New York Mellon Corp cut its holdings in shares of Unum Group (NYSE:UNM) by 6.7% during the fourth quarter, Holdings Channel reports. The firm owned 1,669,079 shares of the financial services provider’s stock after selling 120,518 shares during the quarter. Bank of New York Mellon Corp’s holdings in Unum Group were worth $129,354,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Brighton Jones LLC acquired a new position in shares of Unum Group during the fourth quarter worth about $247,000. EverSource Wealth Advisors LLC grew its position in shares of Unum Group by 157.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,851 shares of the financial services provider’s stock worth $149,000 after buying an additional 1,132 shares in the last quarter. Baird Financial Group Inc. grew its position in shares of Unum Group by 26.6% during the second quarter. Baird Financial Group Inc. now owns 7,939 shares of the financial services provider’s stock worth $641,000 after buying an additional 1,666 shares in the last quarter. Brown Advisory Inc. grew its position in shares of Unum Group by 13.2% during the second quarter. Brown Advisory Inc. now owns 6,445 shares of the financial services provider’s stock worth $520,000 after buying an additional 753 shares in the last quarter. Finally, Cresset Asset Management LLC grew its position in shares of Unum Group by 6.1% during the second quarter. Cresset Asset Management LLC now owns 6,715 shares of the financial services provider’s stock worth $542,000 after buying an additional 386 shares in the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Unum Group Price Performance

UNM stock opened at $86.71 on Friday. The company has a market capitalization of $13.85 billion, a P/E ratio of 18.85, a PEG ratio of 0.88 and a beta of 0.24. Unum Group has a twelve month low of $68.28 and a twelve month high of $86.88. The business has a 50 day simple moving average of $79.67 and a 200-day simple moving average of $76.89. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.35.

Unum Group (NYSE:UNM) last posted its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.07. Unum Group had a return on equity of 12.60% and a net margin of 5.86%.The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $2.91 billion. During the same period in the prior year, the company earned $2.04 earnings per share. The company’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, equities analysts anticipate that Unum Group will post 8.76 EPS for the current year.

Unum Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, April 24th. Unum Group’s dividend payout ratio is 40.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Weiss Ratings raised Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Bank of America lowered their price objective on Unum Group from $83.00 to $77.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Truist Financial boosted their price objective on Unum Group from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Wells Fargo & Company upped their price target on Unum Group from $99.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Finally, Morgan Stanley upped their price target on Unum Group from $80.00 to $87.00 and gave the company an “equal weight” rating in a report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.83.

Insider Transactions at Unum Group

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 12,000 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $80.14, for a total value of $961,680.00. Following the completion of the transaction, the executive vice president owned 42,587 shares in the company, valued at approximately $3,412,922.18. This represents a 21.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christopher W. Pyne sold 4,852 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $72.47, for a total value of $351,624.44. Following the completion of the transaction, the executive vice president owned 52,268 shares of the company’s stock, valued at $3,787,861.96. The trade was a 8.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 20,352 shares of company stock worth $1,568,804 over the last 90 days. 1.00% of the stock is currently owned by insiders.

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.