Fifth Third Bancorp Sells 7,612 Shares of Unum Group $UNM

Fifth Third Bancorp lowered its stake in Unum Group (NYSE:UNM) by 9.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,151 shares of the financial services provider’s stock after selling 7,612 shares during the quarter. Fifth Third Bancorp’s holdings in Unum Group were worth $6,540,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC purchased a new stake in Unum Group during the 4th quarter valued at $25,000. SHP Wealth Management bought a new position in shares of Unum Group during the 4th quarter valued at $25,000. MBM Wealth Consultants LLC purchased a new position in shares of Unum Group in the 1st quarter worth $29,000. Triumph Capital Management purchased a new position in shares of Unum Group in the 3rd quarter worth $31,000. Finally, Ancora Advisors LLC grew its holdings in shares of Unum Group by 385.2% in the third quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 339 shares during the period. Institutional investors own 86.57% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on UNM shares. Wolfe Research reduced their price objective on Unum Group from $102.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, July 6th. Truist Financial raised their target price on Unum Group from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Wells Fargo & Company boosted their price target on Unum Group from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. reduced their price target on shares of Unum Group from $101.00 to $98.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Finally, Atlantic Securities set a $88.00 price objective on shares of Unum Group in a research note on Wednesday, July 15th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Unum Group has an average rating of “Moderate Buy” and a consensus target price of $99.00.

Unum Group Trading Up 0.8%

NYSE:UNM opened at $93.41 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market capitalization of $14.79 billion, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 0.99 and a beta of 0.26. Unum Group has a one year low of $68.28 and a one year high of $94.55. The business has a fifty day moving average price of $89.51 and a 200-day moving average price of $81.26.

Unum Group (NYSE:UNM) last released its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share 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 company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the business earned $1.92 earnings per share. Unum Group’s quarterly 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 forecast that Unum Group will post 8.65 EPS for the current year.

Unum Group Increases Dividend

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

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.