Geneos Wealth Management Inc. Boosts Stake in Unum Group $UNM

Geneos Wealth Management Inc. lifted its position in Unum Group (NYSE:UNM) by 15.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,500 shares of the financial services provider’s stock after purchasing an additional 477 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Unum Group were worth $285,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Fifth Third Bancorp raised its position in shares of Unum Group by 4.0% in the first quarter. Fifth Third Bancorp now owns 3,558 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 136 shares during the period. Private Trust Co. NA increased its holdings in shares of Unum Group by 7.3% in the first quarter. Private Trust Co. NA now owns 2,757 shares of the financial services provider’s stock valued at $225,000 after purchasing an additional 187 shares during the last quarter. CWM LLC increased its stake in shares of Unum Group by 1.4% in the 1st quarter. CWM LLC now owns 14,209 shares of the financial services provider’s stock worth $1,158,000 after acquiring an additional 199 shares during the last quarter. Sculati Wealth Management LLC raised its stake in Unum Group by 0.5% during the fourth quarter. Sculati Wealth Management LLC now owns 38,901 shares of the financial services provider’s stock worth $2,841,000 after purchasing an additional 200 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in Unum Group by 0.3% in the first quarter. HighTower Advisors LLC now owns 60,370 shares of the financial services provider’s stock valued at $4,918,000 after acquiring an additional 201 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Unum Group Stock Down 0.5%

Shares of NYSE:UNM opened at $74.85 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market cap of $12.75 billion, a P/E ratio of 8.95, a P/E/G ratio of 1.27 and a beta of 0.38. Unum Group has a 1-year low of $55.41 and a 1-year high of $84.48. The firm has a fifty day moving average price of $73.93 and a 200 day moving average price of $77.41.

Unum Group (NYSE:UNM) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $2.07 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.16). Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same period in the previous year, the company posted $2.16 earnings per share. Unum Group’s quarterly revenue was up 4.0% on a year-over-year basis. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. Sell-side analysts predict that Unum Group will post 9.14 EPS for the current year.

Unum Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 25th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.5%. The ex-dividend date was Friday, July 25th. This is a positive change from Unum Group’s previous quarterly dividend of $0.42. Unum Group’s payout ratio is presently 22.01%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on UNM. Keefe, Bruyette & Woods restated an “outperform” rating and set a $95.00 price target (down from $100.00) on shares of Unum Group in a research report on Thursday, July 31st. Piper Sandler boosted their price target on shares of Unum Group from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, July 3rd. Barclays set a $96.00 price objective on shares of Unum Group and gave the company an “overweight” rating in a research note on Monday, July 7th. Morgan Stanley cut their target price on shares of Unum Group from $85.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Monday, August 18th. Finally, Evercore ISI reduced their target price on shares of Unum Group from $100.00 to $96.00 and set an “outperform” rating on the stock in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Unum Group presently has an average rating of “Moderate Buy” and an average price target of $91.15.

Unum Group Company Profile

Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, Poland, and internationally. It operates through Unum US, Unum International, Colonial Life, and Closed Block segment. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.