Greenwood Capital Associates LLC Invests $656,000 in Unum Group $UNM

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

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Unum Group in the 4th quarter valued at about $1,108,919,000. Zurich Insurance Group Ltd FI acquired a new position in shares of Unum Group during the 4th quarter worth approximately $58,860,000. Alyeska Investment Group L.P. boosted its holdings in shares of Unum Group by 365.3% during the 4th quarter. Alyeska Investment Group L.P. now owns 930,534 shares of the financial services provider’s stock worth $72,116,000 after purchasing an additional 730,534 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Unum Group by 35.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,339,289 shares of the financial services provider’s stock worth $181,622,000 after purchasing an additional 607,684 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in shares of Unum Group by 127.3% in the third quarter. Two Sigma Investments LP now owns 864,485 shares of the financial services provider’s stock valued at $67,240,000 after purchasing an additional 484,107 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wall Street Zen raised Unum Group from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Evercore reissued an “outperform” rating and set a $106.00 price objective on shares of Unum Group in a research note on Tuesday. Keefe, Bruyette & Woods restated a “moderate buy” rating and issued a $95.00 target price on shares of Unum Group in a report on Thursday, March 26th. Wolfe Research cut their target price on Unum Group from $102.00 to $100.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Morgan Stanley raised their target price on Unum Group from $80.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $97.36.

Insider Activity at Unum Group

In other news, EVP Elizabeth Claire Ahmed sold 12,000 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $80.14, for a total value of $961,680.00. Following the transaction, the executive vice president owned 42,587 shares of the company’s stock, valued at $3,412,922.18. This represents a 21.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.

Unum Group Stock Up 0.6%

UNM stock opened at $88.24 on Friday. Unum Group has a one year low of $68.28 and a one year high of $93.21. The firm has a market cap of $14.10 billion, a PE ratio of 19.18, a PEG ratio of 0.89 and a beta of 0.25. The firm’s 50 day moving average price is $86.27 and its 200-day moving average price is $79.32. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.35 and a current ratio of 0.35.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.07. The company had revenue of $3.36 billion during 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%.The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.04 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. On average, equities research analysts anticipate that Unum Group will post 8.76 EPS for the current year.

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.