Goldman Sachs Group Inc. Sells 265,718 Shares of Unum Group $UNM

Goldman Sachs Group Inc. trimmed its holdings in shares of Unum Group (NYSE:UNM) by 17.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,243,739 shares of the financial services provider’s stock after selling 265,718 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Unum Group were worth $96,390,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of UNM. OneDigital Investment Advisors LLC increased its stake in Unum Group by 4.2% in the third 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 in the last quarter. Larson Financial Group LLC increased its stake in Unum Group by 0.4% in the fourth 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 in the last quarter. Laird Norton Wetherby Wealth Management LLC increased its stake 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 in the last quarter. Valeo Financial Advisors LLC increased its stake in Unum Group by 4.8% in the fourth 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 in the last quarter. Finally, Pallas Capital Advisors LLC increased its stake in Unum Group by 3.5% in the fourth quarter. Pallas Capital Advisors LLC now owns 5,315 shares of the financial services provider’s stock valued at $412,000 after purchasing an additional 180 shares in the last quarter. 86.57% of the stock is owned by institutional investors.

Insider Buying and Selling at Unum Group

In related news, EVP Christopher W. Pyne sold 4,852 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $72.47, for a total transaction of $351,624.44. Following the completion of the transaction, the executive vice president owned 52,268 shares in the company, valued at approximately $3,787,861.96. This represents a 8.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Elizabeth Claire Ahmed sold 12,000 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $80.14, for a total transaction 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. The trade was a 21.98% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on UNM. Wells Fargo & Company upped their target price on shares of Unum Group from $99.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Keefe, Bruyette & Woods reaffirmed a “moderate buy” rating and issued a $95.00 target price on shares of Unum Group in a research note on Thursday, March 26th. Morgan Stanley upped their target price on shares of Unum Group from $80.00 to $87.00 and gave the company an “equal weight” rating in a research note on Thursday, May 21st. Bank of America lowered their target price on shares of 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, Truist Financial upped their target price on shares of Unum Group from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Unum Group presently has an average rating of “Moderate Buy” and a consensus target price of $93.83.

Unum Group Stock Up 1.1%

Shares of UNM stock opened at $88.01 on Wednesday. The firm has a fifty day moving average of $80.23 and a 200-day moving average of $77.05. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.35. Unum Group has a 12-month low of $68.28 and a 12-month high of $88.92. The company has a market capitalization of $14.06 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 0.88 and a beta of 0.24.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.07. Unum Group had a net margin of 5.86% and a return on equity of 12.60%. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $2.91 billion. During the same quarter in the prior year, the firm earned $2.04 earnings per share. The firm’s revenue 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. As a group, equities research analysts predict that Unum Group will post 8.76 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were issued 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 2.1%. Unum Group’s dividend payout ratio is presently 40.00%.

About Unum Group

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.