Janus Henderson Group PLC trimmed its holdings in shares of Unum Group (NYSE:UNM) by 69.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 378,926 shares of the financial services provider’s stock after selling 867,370 shares during the period. Janus Henderson Group PLC owned approximately 0.17% of Unum Group worth $14,805,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Unum Group by 1.3% during the second quarter. BlackRock Inc. now owns 17,212,634 shares of the financial services provider’s stock valued at $636,697,000 after purchasing an additional 214,291 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Unum Group by 0.7% during the third quarter. LSV Asset Management now owns 5,529,665 shares of the financial services provider’s stock valued at $216,044,000 after purchasing an additional 36,316 shares during the last quarter. Donald Smith & CO. Inc. lifted its holdings in shares of Unum Group by 158.2% during the second quarter. Donald Smith & CO. Inc. now owns 5,328,092 shares of the financial services provider’s stock valued at $197,086,000 after purchasing an additional 3,264,382 shares during the last quarter. Investec Asset Management LTD lifted its holdings in shares of Unum Group by 18.4% during the second quarter. Investec Asset Management LTD now owns 4,753,433 shares of the financial services provider’s stock valued at $175,829,000 after purchasing an additional 739,037 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Unum Group by 20.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,871,332 shares of the financial services provider’s stock valued at $143,202,000 after purchasing an additional 645,870 shares during the last quarter. Hedge funds and other institutional investors own 90.38% of the company’s stock.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Unum Group from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Friday, October 12th. TheStreet lowered shares of Unum Group from a “b-” rating to a “c+” rating in a report on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Unum Group has a consensus rating of “Hold” and an average price target of $53.08.
Shares of NYSE UNM opened at $32.25 on Friday. Unum Group has a twelve month low of $31.43 and a twelve month high of $58.73. The company has a market capitalization of $7.35 billion, a P/E ratio of 7.52, a PEG ratio of 0.72 and a beta of 1.30. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.35.
Unum Group (NYSE:UNM) last announced its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. Unum Group had a net margin of 4.68% and a return on equity of 12.06%. The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.89 billion. Sell-side analysts expect that Unum Group will post 5.22 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 16th. Investors of record on Monday, October 29th were issued a $0.26 dividend. The ex-dividend date was Friday, October 26th. This represents a $1.04 dividend on an annualized basis and a yield of 3.22%. Unum Group’s payout ratio is currently 24.24%.
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Unum Group Company Profile
Unum Group, together with its subsidiaries, provides financial protection benefit solutions in the United States, the United Kingdom, and internationally. It operates through Unum US, Unum UK, Colonial Life, and Closed Block segments. 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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