Janus Henderson Group PLC Grows Holdings in Unum Group (NYSE:UNM)

Janus Henderson Group PLC boosted its holdings in shares of Unum Group (NYSE:UNM) by 9.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,134 shares of the financial services provider’s stock after acquiring an additional 11,331 shares during the period. Janus Henderson Group PLC’s holdings in Unum Group were worth $7,972,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of UNM. V Square Quantitative Management LLC purchased a new stake in shares of Unum Group in the 2nd quarter worth approximately $26,000. Capital Performance Advisors LLP bought a new stake in Unum Group in the third quarter worth $31,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Unum Group in the second quarter worth $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Unum Group during the third quarter valued at $37,000. Finally, Innealta Capital LLC purchased a new position in shares of Unum Group in the 2nd quarter worth about $40,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. UBS Group upgraded shares of Unum Group to a “hold” rating in a research note on Wednesday, October 9th. Truist Financial raised their price target on shares of Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Evercore ISI raised Unum Group from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $67.00 to $84.00 in a research report on Thursday, November 14th. JPMorgan Chase & Co. reduced their target price on Unum Group from $65.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Finally, Morgan Stanley upped their price target on Unum Group from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $67.73.

Insiders Place Their Bets

In other news, EVP Christopher W. Pyne sold 3,250 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $70.02, for a total value of $227,565.00. Following the completion of the sale, the executive vice president now directly owns 50,762 shares of the company’s stock, valued at $3,554,355.24. This represents a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Timothy Gerald Arnold sold 10,000 shares of Unum Group stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $76.92, for a total transaction of $769,200.00. Following the transaction, the executive vice president now owns 54,827 shares in the company, valued at approximately $4,217,292.84. This trade represents a 15.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 107,914 shares of company stock worth $7,998,745 over the last quarter. 0.93% of the stock is currently owned by corporate insiders.

Unum Group Trading Down 1.5 %

Shares of NYSE:UNM opened at $74.96 on Monday. Unum Group has a 52-week low of $42.37 and a 52-week high of $77.63. The stock has a market capitalization of $13.69 billion, a price-to-earnings ratio of 8.11, a PEG ratio of 1.07 and a beta of 0.79. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.28. The stock’s 50-day simple moving average is $67.66 and its two-hundred day simple moving average is $58.37.

Unum Group (NYSE:UNM) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. The business had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.26 billion. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.94 earnings per share. Analysts expect that Unum Group will post 8.53 EPS for the current year.

Unum Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.24%. The ex-dividend date was Friday, October 25th. Unum Group’s dividend payout ratio is presently 18.18%.

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.