Engineers Gate Manager LP Decreases Position in Unum Group $UNM

Engineers Gate Manager LP cut its holdings in Unum Group (NYSE:UNM) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 260,395 shares of the financial services provider’s stock after selling 10,152 shares during the period. Engineers Gate Manager LP’s holdings in Unum Group were worth $23,279,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in UNM. SHP Wealth Management purchased a new stake in Unum Group during the 4th quarter valued at about $25,000. MBM Wealth Consultants LLC bought a new stake in shares of Unum Group in the first quarter worth about $29,000. Triumph Capital Management bought a new stake in shares of Unum Group in the third quarter worth about $31,000. Ancora Advisors LLC increased its holdings in Unum Group by 385.2% during the 3rd quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 339 shares during the period. Finally, Nalls Sherbakoff Group LLC bought a new position in Unum Group during the 4th quarter valued at approximately $39,000. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Unum Group Price Performance

Shares of UNM opened at $93.13 on Thursday. The stock has a market cap of $14.74 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 1.00 and a beta of 0.27. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 0.34. Unum Group has a fifty-two week low of $69.02 and a fifty-two week high of $96.77. The firm’s 50-day simple moving average is $90.05 and its two-hundred day simple moving average is $83.54.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $2.16 EPS for the quarter, hitting analysts’ consensus estimates of $2.16. The firm had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.92 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Analysts anticipate that Unum Group will post 8.64 earnings per share for the current fiscal year.

Unum Group announced that its board has approved a share repurchase program on Wednesday, August 26th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Unum Group Increases Dividend

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

Analyst Ratings Changes

UNM has been the subject of several research analyst reports. Weiss Ratings upgraded Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. UBS Group set a $94.00 target price on Unum Group in a research note on Tuesday, July 7th. Wolfe Research decreased their target price on Unum Group from $102.00 to $100.00 and set an “outperform” rating for the company in a report on Monday, July 6th. 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 report on Thursday, July 9th. Finally, Jefferies Financial Group lifted their price target on shares of Unum Group from $117.00 to $123.00 and gave the company a “buy” rating in a report on Friday, July 10th. Eight equities research 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 a consensus rating of “Moderate Buy” and an average target price of $99.42.

Unum Group Company 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.