Allspring Global Investments Holdings LLC Sells 128,413 Shares of Unum Group $UNM

Allspring Global Investments Holdings LLC trimmed its position in shares of Unum Group (NYSE:UNM) by 22.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 446,650 shares of the financial services provider’s stock after selling 128,413 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Unum Group were worth $32,990,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Laurel Wealth Advisors LLC bought a new position in shares of Unum Group in the fourth quarter valued at approximately $25,000. SHP Wealth Management bought a new stake in Unum Group during the 4th quarter worth approximately $25,000. MBM Wealth Consultants LLC acquired a new stake in Unum Group during the 1st quarter valued at $29,000. Triumph Capital Management acquired a new stake in Unum Group during the 3rd quarter valued at $31,000. Finally, Ancora Advisors LLC increased its holdings in 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 purchasing an additional 339 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Insider Activity

In other news, EVP Elizabeth Claire Ahmed sold 12,000 shares of Unum Group stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $80.14, for a total transaction of $961,680.00. Following the completion of the sale, the executive vice president owned 42,587 shares in the company, valued at $3,412,922.18. The trade was a 21.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on UNM. Weiss Ratings raised Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Morgan Stanley raised their target price on Unum Group from $80.00 to $87.00 and gave the company an “equal weight” rating in a research note on Thursday, May 21st. Truist Financial lifted their price target on Unum Group from $88.00 to $96.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Keefe, Bruyette & Woods reissued a “moderate buy” rating and set a $95.00 price objective on shares of Unum Group in a report on Thursday, March 26th. Finally, Atlantic Securities set a $88.00 price objective on shares of Unum Group in a research report on Wednesday. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $97.25.

Unum Group Stock Down 0.0%

Shares of UNM opened at $89.03 on Monday. The business’s fifty day moving average price is $87.24 and its two-hundred day moving average price is $79.73. The firm has a market capitalization of $14.23 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 0.89 and a beta of 0.25. Unum Group has a 52 week low of $68.28 and a 52 week high of $93.21. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.35 and a current ratio of 0.35.

Unum Group (NYSE:UNM) last released its earnings results on Tuesday, April 28th. The financial services provider reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.07. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $2.91 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.86%.The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.04 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. On average, analysts predict that Unum Group will post 8.75 earnings per share for the current year.

Unum Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 24th will be given a dividend of $0.505 per share. This represents a $2.02 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, July 24th. This is a boost from Unum Group’s previous quarterly dividend of $0.46. Unum Group’s dividend payout ratio is currently 40.00%.

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.