Unum Group $UNM Shares Bought by CI Investments Inc.

CI Investments Inc. raised its position in Unum Group (NYSE:UNM) by 13.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 81,406 shares of the financial services provider’s stock after buying an additional 9,751 shares during the period. CI Investments Inc. owned about 0.05% of Unum Group worth $5,945,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of UNM. Laurel Wealth Advisors LLC purchased a new position in shares of Unum Group in the 4th quarter valued at about $25,000. SHP Wealth Management acquired a new position in Unum Group in the 4th quarter worth about $25,000. MBM Wealth Consultants LLC purchased a new position in Unum Group during the first quarter worth approximately $29,000. Triumph Capital Management purchased a new position in Unum Group during the third quarter worth approximately $31,000. Finally, Ancora Advisors LLC boosted its position in Unum Group by 385.2% during the third quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 339 shares in the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UNM. Wall Street Zen upgraded Unum Group from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Keefe, Bruyette & Woods reiterated a “moderate buy” rating and set a $95.00 target price on shares of Unum Group in a research report on Thursday, March 26th. Weiss Ratings raised shares of Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Wells Fargo & Company lifted their price target on shares of Unum Group from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Finally, Bank of America cut their price target on shares of Unum Group from $83.00 to $77.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Unum Group currently has an average rating of “Moderate Buy” and a consensus target price of $98.17.

Unum Group Stock Performance

NYSE UNM opened at $86.28 on Friday. The stock’s fifty day moving average is $87.79 and its two-hundred day moving average is $80.02. The firm has a market capitalization of $13.79 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 0.88 and a beta of 0.25. 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 has a fifty-two week low of $68.28 and a fifty-two week high of $93.21.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, April 28th. The financial services provider reported $2.14 earnings per share (EPS) 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 company had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $2.91 billion. During the same period in the prior year, the business earned $2.04 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. On average, research analysts anticipate 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 issued a $0.505 dividend. This is an increase from Unum Group’s previous quarterly dividend of $0.46. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, July 24th. Unum Group’s payout ratio is currently 40.00%.

Insider Transactions at Unum Group

In related news, EVP Elizabeth Claire Ahmed sold 12,000 shares of the firm’s stock in a transaction dated 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 directly owned 42,587 shares in the company, valued at approximately $3,412,922.18. This trade represents a 21.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.