Unum Group $UNM is Algebris UK Ltd.’s 10th Largest Position

Algebris UK Ltd. raised its holdings in Unum Group (NYSE:UNM) by 95.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 389,463 shares of the financial services provider’s stock after purchasing an additional 190,454 shares during the period. Unum Group accounts for approximately 3.4% of Algebris UK Ltd.’s portfolio, making the stock its 10th largest holding. Algebris UK Ltd. owned approximately 0.23% of Unum Group worth $30,269,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Norges Bank acquired a new position in shares of Unum Group during the 2nd quarter worth approximately $1,113,353,000. Geode Capital Management LLC increased its position in Unum Group by 7.0% during the second quarter. Geode Capital Management LLC now owns 3,341,589 shares of the financial services provider’s stock worth $271,862,000 after buying an additional 219,076 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Unum Group by 11.5% in the second quarter. Allianz Asset Management GmbH now owns 1,537,189 shares of the financial services provider’s stock worth $124,143,000 after acquiring an additional 159,084 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Unum Group by 3.6% in the second quarter. Nordea Investment Management AB now owns 1,482,096 shares of the financial services provider’s stock valued at $119,235,000 after acquiring an additional 51,750 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its stake in shares of Unum Group by 18.4% during the second quarter. Adage Capital Partners GP L.L.C. now owns 1,125,000 shares of the financial services provider’s stock valued at $90,855,000 after acquiring an additional 175,000 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Unum Group Stock Performance

NYSE:UNM opened at $76.12 on Monday. The company has a market cap of $12.74 billion, a P/E ratio of 14.84, a P/E/G ratio of 1.36 and a beta of 0.20. The firm’s 50 day moving average is $77.03 and its two-hundred day moving average is $75.71. Unum Group has a fifty-two week low of $66.81 and a fifty-two week high of $84.48. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.32.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Monday, November 3rd. The financial services provider reported $2.09 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.06). The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.31 billion. Unum Group had a return on equity of 13.09% and a net margin of 6.99%.The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.13 earnings per share. Analysts expect that Unum Group will post 9.14 EPS for the current year.

Unum Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, January 30th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, January 30th. Unum Group’s dividend payout ratio (DPR) is 35.87%.

Unum Group declared that its Board of Directors has approved a share buyback plan on Thursday, December 4th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 8.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

UNM has been the subject of several analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Unum Group in a research note on Monday, December 29th. Citigroup reiterated a “market perform” rating on shares of Unum Group in a report on Thursday, December 18th. Wells Fargo & Company upped their price objective on shares of Unum Group from $98.00 to $104.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Barclays restated an “overweight” rating on shares of Unum Group in a research report on Thursday, January 8th. Finally, Evercore ISI boosted their price target on Unum Group from $96.00 to $99.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $97.08.

Insider Activity

In other news, EVP Steven Andrew Zabel sold 7,500 shares of Unum Group stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $76.38, for a total value of $572,850.00. Following the transaction, the executive vice president directly owned 113,807 shares of the company’s stock, valued at $8,692,578.66. The trade was a 6.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Christopher W. Pyne sold 4,000 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $78.04, for a total transaction of $312,160.00. Following the sale, the executive vice president directly owned 51,372 shares of the company’s stock, valued at approximately $4,009,070.88. This trade represents a 7.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,400 shares of company stock valued at $951,160 in the last three months. Corporate insiders own 0.93% of the company’s stock.

Unum Group Company Profile

Unum Group (NYSE: UNM) is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.

In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.