Unum Group (NYSE:UNM) Shares Gap Down – Here’s What Happened

Unum Group (NYSE:UNM)’s share price gapped down prior to trading on Wednesday. The stock had previously closed at $91.03, but opened at $75.00. Unum Group shares last traded at $75.01, with a volume of 1,119,738 shares.

Unum Group News Roundup

Here are the key news stories impacting Unum Group this week:

• Positive Sentiment: Adjusted earnings were $2.20 per share, above analyst estimates of about $2.16–$2.18 and up from $2.09 a year earlier. Premium growth and strength at Colonial Life helped support results. Article: UNM Q3 Earnings Beat Estimates on Premium Growth and Investment Income
• Positive Sentiment: Fortitude Re closed a $3.8 billion long-term-care reinsurance agreement with Unum. The deal may reduce the company’s exposure to long-term-care liabilities, although related asset transfers also contributed to the quarter’s reported investment losses. Article: Fortitude Re Announces Closing of $3.8 Billion Long-Term Care Reinsurance Agreement
• Negative Sentiment: Unum posted a $419.7 million GAAP net loss, versus net income a year ago. The loss included $853 million in pretax investment losses, primarily impairments related to the company’s intent to transfer investments. Article: Unum Group Reports Third Quarter 2026 Results
• Negative Sentiment: Some reports said quarterly revenue fell short of analyst expectations, adding to investor concerns despite the adjusted EPS beat. Elevated disability claims were another pressure on operating performance. Article: Unum Group Reports Q3 Revenue Below FactSet Estimate

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on UNM shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Unum Group in a research note on Monday, October 26th. JPMorgan Chase & Co. reduced their price objective on shares of Unum Group from $101.00 to $98.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Morgan Stanley upped their price target on Unum Group from $87.00 to $92.00 and gave the company an “equal weight” rating in a research report on Monday, August 24th. Evercore reiterated an “outperform” rating and issued a $106.00 target price on shares of Unum Group in a research note on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods dropped their target price 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. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $99.42.

Unum Group Trading Down 18.4%

The business’s 50-day moving average price is $92.29 and its 200 day moving average price is $84.07. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market cap of $11.76 billion, a P/E ratio of 17.43, a P/E/G ratio of 0.88 and a beta of 0.25.

Unum Group (NYSE:UNM) last released its quarterly earnings results on Tuesday, November 3rd. The financial services provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.04. The business had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $2.91 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.26%. During the same period last year, the firm posted $2.09 EPS. As a group, analysts expect that Unum Group will post 8.64 earnings per share for the current year.

Unum Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.5050 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.02 annualized dividend and a yield of 2.7%. Unum Group’s payout ratio is presently 47.09%.

Unum Group declared that its Board of Directors has approved a stock buyback program on Wednesday, August 26th that allows the company to repurchase $1 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 7% of its shares through open market purchases. Share buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insider Activity

In related news, Director Timothy Keaney sold 4,300 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $94.02, for a total transaction of $404,286.00. Following the completion of the transaction, the director directly owned 36,502 shares in the company, valued at $3,431,918.04. This represents a 10.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lisa G. Iglesias sold 4,000 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $94.44, for a total transaction of $377,760.00. Following the completion of the transaction, the executive vice president directly owned 25,453 shares of the company’s stock, valued at approximately $2,403,781.32. The trade was a 13.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 10,488 shares of company stock worth $988,396. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Unum Group

Several institutional investors have recently added to or reduced their stakes in UNM. Dimensional Fund Advisors LP lifted its position in shares of Unum Group by 7.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,084,382 shares of the financial services provider’s stock valued at $298,287,000 after acquiring an additional 292,670 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of Unum Group in the second quarter valued at approximately $84,097,000. Quantinno Capital Management LP boosted its holdings in Unum Group by 14.6% during the 1st quarter. Quantinno Capital Management LP now owns 754,335 shares of the financial services provider’s stock worth $55,089,000 after acquiring an additional 96,123 shares during the last quarter. Donald Smith & CO. Inc. purchased a new position in Unum Group during the second quarter worth about $58,064,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Unum Group by 21.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 631,694 shares of the financial services provider’s stock valued at $46,133,000 after acquiring an additional 110,342 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors.

Unum Group Company Profile

Unum Group is an insurance company that provides employee benefits and related protection products through employers, as well as selected individual policies. Its offerings are designed to help people manage the financial impact of illness, injury, death and other unexpected events.

The company’s products include short-term and long-term disability insurance, group and individual life insurance, accidental death and dismemberment coverage, and supplemental health benefits such as accident, critical illness and hospital indemnity insurance.