GSA Capital Partners LLP Takes $2.57 Million Position in Unum Group $UNM

GSA Capital Partners LLP purchased a new stake in shares of Unum Group (NYSE:UNM) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 33,124 shares of the financial services provider’s stock, valued at approximately $2,567,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. OneDigital Investment Advisors LLC increased its position in shares of Unum Group by 4.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,484 shares of the financial services provider’s stock valued at $271,000 after purchasing an additional 141 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Unum Group by 0.4% during 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. Arizona State Retirement System increased its position in shares of Unum Group by 0.3% during the 3rd quarter. Arizona State Retirement System now owns 49,017 shares of the financial services provider’s stock valued at $3,813,000 after purchasing an additional 160 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC increased its position in shares of Unum Group by 1.2% during the 3rd 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 last quarter. Finally, Valeo Financial Advisors LLC increased its position in shares of Unum Group by 4.8% during the 4th quarter. Valeo Financial Advisors LLC now owns 3,714 shares of the financial services provider’s stock valued at $288,000 after purchasing an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Truist Financial increased their target price on shares of Unum Group from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Zacks Research raised shares of Unum Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Keefe, Bruyette & Woods restated a “moderate buy” rating and issued a $95.00 price target on shares of Unum Group in a research note on Thursday, March 26th. Bank of America dropped their price target on Unum Group from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Finally, Morgan Stanley dropped their price target on Unum Group from $85.00 to $80.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $93.25.

Insider Activity

In other news, EVP Lisa G. Iglesias sold 3,500 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $73.00, for a total transaction of $255,500.00. Following the completion of the transaction, the executive vice president directly owned 29,453 shares in the company, valued at approximately $2,150,069. This represents a 10.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Cynthia Egan sold 9,000 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $73.00, for a total value of $657,000.00. Following the transaction, the director owned 42,846 shares of the company’s stock, valued at $3,127,758. This represents a 17.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 33,852 shares of company stock worth $2,552,414. 1.00% of the stock is owned by corporate insiders.

Unum Group Trading Up 1.4%

UNM stock opened at $82.78 on Tuesday. Unum Group has a 1-year low of $68.28 and a 1-year high of $83.46. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market capitalization of $13.23 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 0.83 and a beta of 0.24. The business has a 50 day simple moving average of $76.68 and a two-hundred day simple moving average of $76.12.

Unum Group (NYSE:UNM) last posted its quarterly earnings results 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. Unum Group had a return on equity of 12.60% and a net margin of 5.86%.The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $2.91 billion. During the same period in the prior year, the company posted $2.04 EPS. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. Research analysts anticipate that Unum Group will post 8.73 EPS for the current fiscal year.

Unum Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, April 24th. Unum Group’s dividend payout ratio is currently 40.00%.

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.