Illinois Municipal Retirement Fund Decreases Stock Holdings in Unum Group $UNM

Illinois Municipal Retirement Fund reduced its position in shares of Unum Group (NYSE:UNM) by 20.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 66,981 shares of the financial services provider’s stock after selling 17,595 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Unum Group were worth $4,892,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Unum Group by 10.1% during the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 92,700 shares of the financial services provider’s stock valued at $6,770,000 after acquiring an additional 8,500 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of Unum Group by 84.5% in the first quarter. Sanctuary Advisors LLC now owns 5,930 shares of the financial services provider’s stock worth $433,000 after purchasing an additional 2,716 shares during the last quarter. Calamos Wealth Management LLC bought a new stake in shares of Unum Group in the first quarter worth about $287,000. Calamos Advisors LLC purchased a new position in Unum Group during the 1st quarter valued at about $287,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Unum Group by 44.6% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,589 shares of the financial services provider’s stock valued at $1,065,000 after purchasing an additional 4,497 shares during the period. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Unum Group Stock Performance

Shares of Unum Group stock opened at $89.03 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $14.23 billion, a P/E ratio of 19.35, a P/E/G ratio of 0.89 and a beta of 0.25. The business has a fifty day simple moving average of $87.24 and a two-hundred day simple moving average of $79.73. Unum Group has a 12 month low of $68.28 and a 12 month high of $93.21.

Unum Group (NYSE:UNM) last released its earnings results on Tuesday, April 28th. The financial services provider reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.07. The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $2.91 billion. Unum Group had a net margin of 5.86% and a return on equity of 12.60%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.04 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. On average, equities analysts forecast that Unum Group will post 8.75 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 24th will be paid a dividend of $0.505 per share. The ex-dividend date of this dividend is 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 2.3%. Unum Group’s payout ratio is presently 40.00%.

Insiders Place Their Bets

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 12,000 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $80.14, for a total value of $961,680.00. Following the sale, the executive vice president owned 42,587 shares in the company, valued at approximately $3,412,922.18. This represents a 21.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Morgan Stanley increased their price objective on Unum Group from $80.00 to $87.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. Barclays boosted their target price on Unum Group from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Weiss Ratings upgraded Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Atlantic Securities set a $88.00 price target on Unum Group in a research note on Wednesday. Finally, Bank of America cut their price target on shares of Unum Group from $83.00 to $77.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $97.25.

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.