Unum Group $UNM Shares Acquired by Y Intercept Hong Kong Ltd

by · The Cerbat Gem

Y Intercept Hong Kong Ltd boosted its stake in Unum Group (NYSE:UNM – Free Report) by 16.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,908 shares of the financial services provider’s stock after purchasing an additional 7,471 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Unum Group were worth $3,937,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in UNM. Norges Bank acquired a new stake in shares of Unum Group in the fourth quarter valued at about $1,108,919,000. Charles Schwab Investment Management Inc. boosted its holdings in Unum Group by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,653,246 shares of the financial services provider’s stock worth $438,127,000 after acquiring an additional 26,753 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Unum Group by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,791,712 shares of the financial services provider’s stock worth $293,868,000 after acquiring an additional 13,832 shares during the period. AQR Capital Management LLC grew its position in Unum Group by 35.1% in the third quarter. AQR Capital Management LLC now owns 2,339,289 shares of the financial services provider’s stock valued at $181,622,000 after acquiring an additional 607,684 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of Unum Group by 5.4% during the fourth quarter. UBS Group AG now owns 1,356,916 shares of the financial services provider’s stock worth $105,161,000 after purchasing an additional 68,957 shares in the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on UNM shares. UBS Group lifted their price target on shares of Unum Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Zacks Research raised Unum Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Bank of America cut their price target on Unum Group from $83.00 to $77.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Keefe, Bruyette & Woods restated a “moderate buy” rating and set a $95.00 price objective on shares of Unum Group in a research note on Thursday, March 26th. Finally, Truist Financial upped their target price on Unum Group from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $94.00.

Check Out Our Latest Stock Analysis on Unum Group

Insider Buying and Selling at Unum Group

In other news, EVP Elizabeth Claire Ahmed sold 12,000 shares of the firm’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 transaction, the executive vice president directly owned 42,587 shares in the company, valued at approximately $3,412,922.18. This trade represents a 21.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

Unum Group Stock Down 0.0%

NYSE:UNM opened at $92.31 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.35 and a current ratio of 0.35. The company has a market capitalization of $14.75 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 0.93 and a beta of 0.25. Unum Group has a one year low of $68.28 and a one year high of $93.21. The stock has a 50-day simple moving average of $85.37 and a 200 day simple moving average of $79.03.

Unum Group (NYSE:UNM – Get Free Report) last released its earnings results on Tuesday, April 28th. The financial services provider reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.07. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $2.91 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.86%.Unum Group’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.04 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. Sell-side analysts predict that Unum Group will post 8.77 EPS for the current fiscal year.

Unum Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were paid a dividend of $0.46 per share. The ex-dividend date was Friday, April 24th. This represents a $1.84 annualized dividend and a yield of 2.0%. Unum Group’s payout ratio is presently 40.00%.

About Unum Group

(Free Report)

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.

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