New York State Teachers Retirement System Lowers Stock Position in Unum Group $UNM

New York State Teachers Retirement System cut its stake in shares of Unum Group (NYSE:UNM) by 4.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 166,452 shares of the financial services provider’s stock after selling 8,186 shares during the quarter. New York State Teachers Retirement System owned 0.10% of Unum Group worth $12,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of UNM. Optas LLC lifted its holdings in shares of Unum Group by 188.7% during the 1st quarter. Optas LLC now owns 8,503 shares of the financial services provider’s stock worth $621,000 after acquiring an additional 5,558 shares during the last quarter. Y Intercept Hong Kong Ltd grew its position in Unum Group by 16.1% in the first quarter. Y Intercept Hong Kong Ltd now owns 53,908 shares of the financial services provider’s stock worth $3,937,000 after acquiring an additional 7,471 shares in the last quarter. Strs Ohio increased its stake in Unum Group by 887.2% in the first quarter. Strs Ohio now owns 39,972 shares of the financial services provider’s stock valued at $2,919,000 after acquiring an additional 35,923 shares during the last quarter. Root Financial Partners LLC increased its stake in Unum Group by 15.1% in the first quarter. Root Financial Partners LLC now owns 1,265 shares of the financial services provider’s stock valued at $92,000 after acquiring an additional 166 shares during the last quarter. Finally, Klein Pavlis & Peasley Financial Inc. raised its position in Unum Group by 2.6% during the first quarter. Klein Pavlis & Peasley Financial Inc. now owns 29,600 shares of the financial services provider’s stock valued at $2,162,000 after purchasing an additional 746 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on UNM. UBS Group lifted their price target on Unum Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Truist Financial increased their price objective on Unum Group from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings raised Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Morgan Stanley boosted their target price on Unum Group from $80.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. Finally, Keefe, Bruyette & Woods reaffirmed a “moderate buy” rating and issued a $95.00 target price on shares of Unum Group in a research note on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $94.00.

Unum Group Stock Performance

Unum Group stock opened at $92.31 on Monday. The firm has a fifty day simple moving average of $85.37 and a two-hundred day simple moving average of $79.03. The company has a quick ratio of 0.35, a current ratio of 0.35 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 $93.21. The company has a market capitalization of $14.75 billion, a PE ratio of 20.07, a P/E/G ratio of 0.93 and a beta of 0.25.

Unum Group (NYSE:UNM) last announced its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.07. The firm had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $2.91 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.86%.The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the firm earned $2.04 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. Research analysts expect that Unum Group will post 8.77 EPS for the current year.

Unum Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, April 24th. Unum Group’s payout ratio is 40.00%.

Insiders Place Their Bets

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 12,000 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president owned 42,587 shares in the company, valued at approximately $3,412,922.18. The trade was a 21.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

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.