Tidal Investments LLC Purchases 6,544 Shares of Unum Group $UNM

Tidal Investments LLC raised its position in Unum Group (NYSE:UNM) by 87.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 14,062 shares of the financial services provider’s stock after buying an additional 6,544 shares during the period. Tidal Investments LLC’s holdings in Unum Group were worth $1,257,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in UNM. Norges Bank bought a new stake in shares of Unum Group during the fourth quarter worth about $1,108,919,000. Canada Pension Plan Investment Board bought a new position in Unum Group in the 2nd quarter valued at approximately $84,097,000. Donald Smith & CO. Inc. bought a new position in Unum Group in the 2nd quarter valued at approximately $58,064,000. Bank of America Corp DE acquired a new stake in Unum Group during the 2nd quarter worth approximately $55,273,000. Finally, Freestone Grove Partners LP acquired a new stake in Unum Group during the 2nd quarter worth approximately $49,065,000. 86.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on UNM shares. Keefe, Bruyette & Woods reduced their target price on shares of Unum Group from $110.00 to $108.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. Wells Fargo & Company raised their price target on shares of Unum Group from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Barclays lifted their price target on shares of Unum Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. JPMorgan Chase & Co. reduced their price objective on shares of Unum Group from $101.00 to $98.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Finally, Jefferies Financial Group increased their price objective on Unum Group from $117.00 to $123.00 and gave the company a “buy” rating in a report on Friday, July 10th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $99.42.

Unum Group Price Performance

Unum Group stock opened at $95.11 on Friday. The stock’s 50 day moving average is $90.81 and its 200 day moving average is $84.57. Unum Group has a one year low of $69.02 and a one year high of $96.77. The firm has a market cap of $15.06 billion, a P/E ratio of 22.17, a P/E/G ratio of 1.01 and a beta of 0.27. 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 (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 analysts’ consensus estimates of $2.16. Unum Group had a net margin of 5.26% and a return on equity of 12.60%. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the prior year, the firm posted $1.92 EPS. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, research analysts expect that Unum Group will post 8.64 EPS for the current year.

Unum Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 24th were paid a $0.505 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.1%. This is an increase from Unum Group’s previous quarterly dividend of $0.46. Unum Group’s payout ratio is currently 47.09%.

Unum Group declared that its Board of Directors has initiated a share repurchase plan on Wednesday, August 26th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to purchase up to 7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Unum Group

In related news, CAO Walter Lynn Rice, Jr. sold 2,188 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $94.31, for a total value of $206,350.28. Following the transaction, the chief accounting officer owned 8,154 shares in the company, valued at $769,003.74. The trade was a 21.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy Keaney sold 4,300 shares of the company’s stock in a transaction 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 sale, the director directly owned 36,502 shares in the company, valued at $3,431,918.04. This trade represents a 10.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 10,488 shares of company stock worth $988,396 over the last three months. 1.00% of the stock is owned by company insiders.

Unum Group Company Profile

Unum Group is an insurance company that provides financial protection and employee benefits through workplace and individual products. Its offerings include disability insurance, life insurance, accident insurance, critical illness coverage, and related benefits designed to help individuals and families manage income loss and other financial risks.

The company serves employers, employees, and individual customers primarily in the United States, the United Kingdom, and Ireland. Its products are distributed through employers, insurance brokers, benefits advisers, and other intermediaries.