Man Group plc Invests $6.96 Million in Unum Group $UNM

Man Group plc bought a new stake in Unum Group (NYSE:UNM) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 77,861 shares of the financial services provider’s stock, valued at approximately $6,961,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UNM. Jupiter Topco LLC acquired a new position in Unum Group in the 2nd quarter valued at about $9,010,000. Hsbc Holdings PLC purchased a new position in shares of Unum Group in the second quarter valued at approximately $2,007,000. Ancora Advisors LLC acquired a new position in shares of Unum Group in the second quarter valued at approximately $39,000. Canada Pension Plan Investment Board purchased a new stake in Unum Group during the 2nd quarter worth approximately $84,097,000. Finally, Legal & General Group Plc purchased a new stake in Unum Group during the 2nd quarter worth approximately $19,678,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Unum Group Stock Up 0.8%

Shares of NYSE:UNM opened at $93.16 on Friday. The stock has a market cap of $14.75 billion, a P/E ratio of 21.72, a P/E/G ratio of 0.98 and a beta of 0.26. The firm has a fifty day moving average price of $89.40 and a 200 day moving average price of $82.23. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.34 and a quick ratio of 0.34. Unum Group has a 1-year low of $68.70 and a 1-year high of $94.55.

Unum Group (NYSE:UNM) last posted its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $2.16 EPS for the quarter, meeting the consensus estimate of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the business earned $1.92 EPS. The firm’s revenue was up .3% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Sell-side analysts predict that Unum Group will post 8.64 EPS for the current year.

Unum Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 24th were given a dividend of $0.505 per share. The ex-dividend date was Friday, July 24th. This is an increase from Unum Group’s previous quarterly dividend of $0.46. This represents a $2.02 annualized dividend and a yield of 2.2%. Unum Group’s dividend payout ratio (DPR) is currently 47.09%.

Unum Group declared that its Board of Directors has authorized a share repurchase plan on Wednesday, August 26th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to reacquire up to 7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

UNM has been the subject of several analyst reports. Barclays boosted their target price on Unum Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Morgan Stanley lifted their price objective on Unum Group from $87.00 to $92.00 and gave the company an “equal weight” rating in a research note on Monday, August 24th. Keefe, Bruyette & Woods lowered their price objective on Unum Group from $110.00 to $108.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Wells Fargo & Company upped their target price on shares of Unum Group from $100.00 to $101.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Finally, Wolfe Research decreased their price target on shares of Unum Group from $102.00 to $100.00 and set an “outperform” rating for the company in a research note on Monday, July 6th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $99.42.

About Unum Group

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.