Bank of New York Mellon Corp Sells 366,682 Shares of Unum Group $UNM

Bank of New York Mellon Corp decreased its holdings in Unum Group (NYSE:UNM) by 22.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,302,397 shares of the financial services provider’s stock after selling 366,682 shares during the period. Bank of New York Mellon Corp’s holdings in Unum Group were worth $95,114,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in UNM. Norges Bank purchased a new position in Unum Group in the 4th quarter worth $1,108,919,000. Zurich Insurance Group Ltd FI purchased a new stake in Unum Group during the fourth quarter valued at about $58,860,000. Alyeska Investment Group L.P. grew its stake in shares of Unum Group by 365.3% during the fourth quarter. Alyeska Investment Group L.P. now owns 930,534 shares of the financial services provider’s stock valued at $72,116,000 after buying an additional 730,534 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Unum Group by 35.1% during the third quarter. AQR Capital Management LLC now owns 2,339,289 shares of the financial services provider’s stock valued at $181,622,000 after buying an additional 607,684 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of Unum Group by 127.3% in the third quarter. Two Sigma Investments LP now owns 864,485 shares of the financial services provider’s stock worth $67,240,000 after buying an additional 484,107 shares during the period. Institutional investors own 86.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on UNM shares. Truist Financial boosted their target price on Unum Group from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Barclays lifted their price target on Unum Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Weiss Ratings upgraded Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Bank of America dropped their price objective on Unum Group from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Finally, UBS Group set a $94.00 target price on shares of Unum Group in a report on Tuesday, July 7th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $97.25.

Insider Activity

In other 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 transaction of $961,680.00. Following the transaction, the executive vice president directly owned 42,587 shares of the company’s stock, valued at approximately $3,412,922.18. The trade was a 21.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Unum Group Stock Performance

Unum Group stock opened at $88.81 on Tuesday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average of $87.39 and a 200-day moving average of $79.81. The firm has a market cap of $14.19 billion, a P/E ratio of 19.31, a P/E/G ratio of 0.89 and a beta of 0.25. Unum Group has a 1-year low of $68.28 and a 1-year high of $93.21.

Unum Group (NYSE:UNM) last announced its quarterly earnings results 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. Unum Group had a return on equity of 12.60% and a net margin of 5.86%.The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $2.91 billion. During the same quarter in the previous year, the business earned $2.04 EPS. Unum Group’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. Sell-side analysts expect that Unum Group will post 8.75 EPS for the current year.

Unum Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 24th will be given a $0.505 dividend. The ex-dividend date is Friday, July 24th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from Unum Group’s previous quarterly dividend of $0.46. Unum Group’s dividend payout ratio is 43.91%.

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.