GC Wealth Management RIA LLC Takes Position in Unum Group $UNM

Key Points

• GC Wealth Management RIA LLC acquired a new stake in Unum Group, purchasing 3,357 shares valued at approximately $271,000 in the second quarter.
• Several analysts have set new price targets for Unum Group, with JPMorgan increasing its target from $87.00 to $96.00, while Morgan Stanley decreased it from $85.00 to $79.00, indicating varied outlooks on the stock.
• Unum Group recently raised its quarterly dividend to $0.46, up from $0.42, reflecting a commitment to returning value to shareholders with a current annualized yield of 2.4%.

GC Wealth Management RIA LLC bought a new stake in Unum Group (NYSE:UNM - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,357 shares of the financial services provider's stock, valued at approximately $271,000.

Other institutional investors also recently modified their holdings of the company. Quintet Private Bank Europe S.A. bought a new stake in shares of Unum Group in the second quarter valued at about $28,000. Vermillion & White Wealth Management Group LLC bought a new stake in Unum Group during the first quarter worth about $30,000. Atwood & Palmer Inc. lifted its position in Unum Group by 100.0% during the second quarter. Atwood & Palmer Inc. now owns 400 shares of the financial services provider's stock worth $32,000 after purchasing an additional 200 shares during the period. N.E.W. Advisory Services LLC bought a new stake in Unum Group during the first quarter worth about $35,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Unum Group by 196.9% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478 shares of the financial services provider's stock worth $39,000 after purchasing an additional 317 shares during the period. Institutional investors own 86.57% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on UNM. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $95.00 price objective (down previously from $100.00) on shares of Unum Group in a research report on Thursday, July 31st. UBS Group set a $87.00 price objective on shares of Unum Group and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Barclays set a $96.00 price objective on shares of Unum Group and gave the stock an "overweight" rating in a research report on Monday, July 7th. JPMorgan Chase & Co. increased their target price on shares of Unum Group from $87.00 to $96.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Finally, Morgan Stanley dropped their target price on shares of Unum Group from $85.00 to $79.00 and set an "equal weight" rating for the company in a report on Monday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, Unum Group presently has an average rating of "Moderate Buy" and an average price target of $91.14.

Unum Group Stock Up 0.6%

Shares of NYSE UNM opened at $78.22 on Thursday. The company has a 50 day simple moving average of $73.03 and a 200 day simple moving average of $77.25. The firm has a market cap of $13.32 billion, a PE ratio of 9.36, a price-to-earnings-growth ratio of 1.31 and a beta of 0.36. Unum Group has a 1 year low of $58.66 and a 1 year high of $84.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30.

Unum Group (NYSE:UNM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.23 by ($0.16). The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.35 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The firm's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.16 EPS. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. On average, research analysts forecast that Unum Group will post 9.14 EPS for the current year.

Unum Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 25th were issued a $0.46 dividend. This is a boost from Unum Group's previous quarterly dividend of $0.42. The ex-dividend date was Friday, July 25th. This represents a $1.84 dividend on an annualized basis and a yield of 2.4%. Unum Group's dividend payout ratio (DPR) is 22.01%.

Unum Group 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.

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