Greenwood Capital Associates LLC Purchases Shares of 8,978 Unum Group $UNM

Greenwood Capital Associates LLC purchased a new stake in Unum Group (NYSE:UNM) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,978 shares of the financial services provider’s stock, valued at approximately $656,000.

Several other large investors have also recently made changes to their positions in UNM. Smartleaf Asset Management LLC boosted its position in shares of Unum Group by 5.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,781 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 149 shares during the period. Larson Financial Group LLC increased its holdings in Unum Group by 0.4% in the 4th quarter. Larson Financial Group LLC now owns 37,864 shares of the financial services provider’s stock valued at $2,934,000 after purchasing an additional 159 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC raised its position in Unum Group by 1.2% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 13,709 shares of the financial services provider’s stock valued at $1,066,000 after purchasing an additional 165 shares during the period. First Citizens Bank & Trust Co. raised its position in Unum Group by 0.8% in the fourth quarter. First Citizens Bank & Trust Co. now owns 21,140 shares of the financial services provider’s stock valued at $1,638,000 after purchasing an additional 165 shares during the period. Finally, L2 Asset Management LLC raised its position in Unum Group by 1.6% in the fourth quarter. L2 Asset Management LLC now owns 10,343 shares of the financial services provider’s stock valued at $802,000 after purchasing an additional 166 shares during the period. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Unum Group

In related news, EVP Elizabeth Claire Ahmed sold 12,000 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $3,412,922.18. This trade represents a 21.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

Unum Group Trading Up 0.6%

UNM opened at $88.24 on Friday. The business has a fifty day moving average price of $86.27 and a 200 day moving average price of $79.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.35 and a quick ratio of 0.35. Unum Group has a 12 month low of $68.28 and a 12 month high of $93.21. The stock has a market capitalization of $14.10 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 0.89 and a beta of 0.25.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.07. The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $2.91 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.86%.Unum Group’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.04 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. Sell-side analysts expect that Unum Group will post 8.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on UNM shares. Truist Financial raised their price target 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 lifted their price objective on Unum Group from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Thursday. Weiss Ratings raised Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Zacks Research upgraded Unum Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, Bank of America dropped their target price on Unum Group from $83.00 to $77.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Eight investment 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 target price of $97.36.

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.