Unum Group (NYSE:UNM) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC increased its holdings in Unum Group (NYSE:UNM - Free Report) by 146.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 about 0.18% of Unum Group worth $24,116,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Barrett & Company Inc. grew its position in shares of Unum Group by 300.0% in the fourth quarter. Barrett & Company Inc. now owns 396 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 297 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in Unum Group during the 4th quarter valued at $38,000. Millstone Evans Group LLC purchased a new position in Unum Group during the fourth quarter worth $45,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Unum Group by 28.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 800 shares of the financial services provider's stock worth $58,000 after acquiring an additional 179 shares during the last quarter. Finally, Duncker Streett & Co. Inc. acquired a new position in shares of Unum Group in the fourth quarter worth $58,000. 86.57% of the stock is owned by institutional investors and hedge funds.

Unum Group Stock Down 0.1%

Shares of NYSE:UNM traded down $0.11 during midday trading on Monday, hitting $82.04. 977,131 shares of the company's stock traded hands, compared to its average volume of 1,315,276. The firm's fifty day moving average price is $78.56 and its two-hundred day moving average price is $75.86. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.29. Unum Group has a twelve month low of $48.38 and a twelve month high of $84.48. The company has a market cap of $14.30 billion, a PE ratio of 8.66, a P/E/G ratio of 1.14 and a beta of 0.38.

Unum Group (NYSE:UNM - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $2.04 EPS for the quarter, missing analysts' consensus estimates of $2.19 by ($0.15). The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.34 billion. Unum Group had a return on equity of 14.91% and a net margin of 13.81%. The company's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.12 EPS. On average, equities research analysts anticipate that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 25th were given a dividend of $0.42 per share. The ex-dividend date was Friday, April 25th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.05%. Unum Group's payout ratio is currently 19.79%.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on UNM. Keefe, Bruyette & Woods dropped their price objective on Unum Group from $103.00 to $102.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. StockNews.com lowered shares of Unum Group from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Piper Sandler raised their target price on shares of Unum Group from $87.00 to $92.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Raymond James upgraded Unum Group from a "market perform" rating to a "strong-buy" rating and set a $108.00 price target for the company in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. raised their price objective on Unum Group from $81.00 to $87.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $88.43.

Insider Transactions at Unum Group

In other Unum Group news, EVP Lisa G. Iglesias sold 7,000 shares of the company'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 transaction, the executive vice president now directly owns 31,284 shares of the company's stock, valued at $2,588,751. This represents a 18.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Elizabeth Claire Ahmed sold 10,000 shares of Unum Group stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $80.00, for a total value of $800,000.00. Following the sale, the executive vice president now directly owns 51,170 shares in the company, valued at approximately $4,093,600. The trade was a 16.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,000 shares of company stock valued at $5,478,750. Corporate insiders own 0.92% of the company's stock.

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.