Asset Management One Co. Ltd. boosted its holdings in shares of Unum Group (NYSE:UNM) by 72.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 194,205 shares of the financial services provider’s stock after buying an additional 81,532 shares during the period. Asset Management One Co. Ltd. owned approximately 0.09% of Unum Group worth $6,512,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bank of Nova Scotia grew its position in Unum Group by 376.8% during the second quarter. Bank of Nova Scotia now owns 3,369,146 shares of the financial services provider’s stock valued at $10,733,000 after buying an additional 2,662,577 shares during the period. Wells Fargo & Company MN grew its position in Unum Group by 84.4% during the second quarter. Wells Fargo & Company MN now owns 1,088,211 shares of the financial services provider’s stock valued at $36,510,000 after buying an additional 498,191 shares during the period. Natixis grew its position in Unum Group by 141.0% during the second quarter. Natixis now owns 801,959 shares of the financial services provider’s stock valued at $26,906,000 after buying an additional 469,244 shares during the period. Strs Ohio grew its position in Unum Group by 135.8% during the second quarter. Strs Ohio now owns 797,033 shares of the financial services provider’s stock valued at $26,740,000 after buying an additional 459,022 shares during the period. Finally, Geode Capital Management LLC grew its position in Unum Group by 15.1% during the fourth quarter. Geode Capital Management LLC now owns 3,344,324 shares of the financial services provider’s stock valued at $98,111,000 after buying an additional 438,390 shares during the period. Hedge funds and other institutional investors own 95.57% of the company’s stock.
Shares of UNM opened at $29.60 on Friday. The firm’s 50 day simple moving average is $27.53 and its 200 day simple moving average is $32.50. The company has a market capitalization of $6.11 billion, a P/E ratio of 5.49, a P/E/G ratio of 0.60 and a beta of 1.56. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.17 and a quick ratio of 0.17. Unum Group has a 1-year low of $24.71 and a 1-year high of $40.63.
Unum Group (NYSE:UNM) last issued its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.02. Unum Group had a net margin of 4.46% and a return on equity of 12.90%. The business had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the business earned $1.30 earnings per share. The business’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities analysts anticipate that Unum Group will post 5.45 earnings per share for the current year.
A number of equities analysts have weighed in on UNM shares. Barclays set a $36.00 target price on shares of Unum Group and gave the stock a “buy” rating in a research report on Monday, August 12th. Citigroup cut their target price on shares of Unum Group from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. TheStreet downgraded shares of Unum Group from a “b-” rating to a “c+” rating in a report on Thursday, June 6th. ValuEngine downgraded shares of Unum Group from a “sell” rating to a “strong sell” rating in a report on Monday, July 29th. Finally, Morgan Stanley lowered their price target on shares of Unum Group from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 20th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $37.00.
Unum Group 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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