Janus Henderson Group PLC Has $24.12 Million Holdings in Unum Group (NYSE:UNM)

Janus Henderson Group PLC grew its holdings in shares of Unum Group (NYSE:UNM) by 146.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 330,081 shares of the financial services provider’s stock after buying an additional 195,947 shares during the period. Janus Henderson Group PLC owned approximately 0.18% of Unum Group worth $24,116,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Unum Group by 8.4% during the fourth quarter. Vanguard Group Inc. now owns 20,497,586 shares of the financial services provider’s stock worth $1,496,939,000 after acquiring an additional 1,596,078 shares in the last quarter. Norges Bank bought a new position in shares of Unum Group during the 4th quarter worth about $1,003,918,000. Charles Schwab Investment Management Inc. boosted its position in shares of Unum Group by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,552,252 shares of the financial services provider’s stock worth $405,481,000 after purchasing an additional 51,744 shares in the last quarter. Northern Trust Corp grew its stake in shares of Unum Group by 33.2% in the 4th quarter. Northern Trust Corp now owns 1,930,349 shares of the financial services provider’s stock valued at $140,973,000 after buying an additional 480,926 shares during the period. Finally, First Trust Advisors LP increased its position in Unum Group by 15.4% in the 4th quarter. First Trust Advisors LP now owns 1,708,452 shares of the financial services provider’s stock valued at $124,768,000 after buying an additional 227,644 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Insider Buying and Selling at Unum Group

In related news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $80.00, for a total transaction of $800,000.00. Following the completion of the transaction, the executive vice president now directly owns 51,170 shares in the company, valued at $4,093,600. The trade was a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lisa G. Iglesias sold 7,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $82.75, for a total value of $579,250.00. Following the completion of the sale, the executive vice president now directly owns 31,284 shares in the company, valued at approximately $2,588,751. The trade was a 18.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 67,000 shares of company stock valued at $5,478,750 in the last three months. Company insiders own 0.92% of the company’s stock.

Unum Group Price Performance

Unum Group stock opened at $80.78 on Friday. The firm has a market capitalization of $14.08 billion, a P/E ratio of 8.53, a PEG ratio of 1.14 and a beta of 0.38. Unum Group has a one year low of $48.38 and a one year high of $84.48. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.29 and a quick ratio of 0.28. The business has a fifty day moving average price of $78.50 and a 200-day moving average price of $75.56.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $2.04 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.15). Unum Group had a return on equity of 14.91% and a net margin of 13.81%. The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter in the prior year, the business earned $2.12 EPS. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, equities research analysts forecast that Unum Group will post 9.14 EPS for the current year.

Unum Group announced that its board has authorized a stock buyback plan on Tuesday, February 18th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 7.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Unum Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 25th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.08%. The ex-dividend date is Friday, April 25th. Unum Group’s payout ratio is 19.79%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Unum Group from $81.00 to $87.00 and gave the company a “neutral” rating in a research note on Wednesday, April 2nd. BMO Capital Markets boosted their target price on shares of Unum Group from $95.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, March 3rd. Wells Fargo & Company raised their price target on shares of Unum Group from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Barclays lifted their price target on Unum Group from $85.00 to $89.00 and gave the company an “overweight” rating in a research note on Friday, April 11th. Finally, Keefe, Bruyette & Woods dropped their target price on Unum Group from $103.00 to $102.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $88.50.

About Unum Group

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.