Unum Group $UNM Holdings Trimmed by California Public Employees Retirement System

California Public Employees Retirement System reduced its position in shares of Unum Group (NYSE:UNM) by 8.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 420,646 shares of the financial services provider’s stock after selling 40,515 shares during the period. California Public Employees Retirement System’s holdings in Unum Group were worth $30,720,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in shares of Unum Group in the 4th quarter worth approximately $247,000. EverSource Wealth Advisors LLC lifted its stake in 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 valued at $149,000 after purchasing an additional 1,132 shares during the last quarter. Baird Financial Group Inc. lifted its stake in 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 valued at $641,000 after purchasing an additional 1,666 shares during the last quarter. Brown Advisory Inc. boosted its holdings in 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 boosted its holdings in 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 institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on UNM. Wolfe Research decreased their price target on shares of Unum Group from $102.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday, July 6th. UBS Group set a $94.00 price objective on Unum Group in a research report on Tuesday, July 7th. JPMorgan Chase & Co. raised their price objective on Unum Group from $90.00 to $101.00 and gave the stock a “neutral” rating in a research note on Tuesday. Wells Fargo & Company lifted their target price on Unum Group from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Finally, Jefferies Financial Group boosted their target price on Unum Group from $117.00 to $123.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $98.17.

Unum Group Price Performance

UNM stock opened at $88.40 on Wednesday. Unum Group has a one year low of $68.28 and a one year high of $93.21. The firm has a 50-day moving average of $87.53 and a two-hundred day moving average of $79.89. The firm has a market capitalization of $14.12 billion, a PE ratio of 19.22, a P/E/G ratio of 0.89 and a beta of 0.25. 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 released its earnings results on Tuesday, April 28th. The financial services provider reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.07. Unum Group had a net margin of 5.86% and a return on equity of 12.60%. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $2.91 billion. During the same period last year, the firm posted $2.04 earnings per share. The firm’s quarterly 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. On average, analysts forecast that Unum Group will post 8.75 earnings per share for the current year.

Unum Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 24th will be paid a $0.505 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $2.02 dividend on an annualized basis and a yield of 2.3%. This is a positive change from Unum Group’s previous quarterly dividend of $0.46. Unum Group’s dividend payout ratio (DPR) is 40.00%.

Insiders Place Their Bets

In other Unum Group 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 transaction, the executive vice president directly owned 42,587 shares in the company, valued at approximately $3,412,922.18. The trade was a 21.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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.