State Street Corp lowered its holdings in Unum Group (NYSE:UNM) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,712,874 shares of the financial services provider’s stock after selling 406,458 shares during the quarter. State Street Corp owned 5.19% of Unum Group worth $546,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of UNM. BlackRock Inc. raised its stake in shares of Unum Group by 2,690.7% in the first quarter. BlackRock Inc. now owns 16,788,648 shares of the financial services provider’s stock worth $787,221,000 after purchasing an additional 16,187,062 shares during the last quarter. Janus Henderson Group PLC increased its position in Unum Group by 8,280.8% during the second quarter. Janus Henderson Group PLC now owns 2,062,519 shares of the financial services provider’s stock valued at $96,175,000 after acquiring an additional 2,037,909 shares during the last quarter. AQR Capital Management LLC increased its position in Unum Group by 32.4% during the first quarter. AQR Capital Management LLC now owns 5,699,745 shares of the financial services provider’s stock valued at $267,262,000 after acquiring an additional 1,395,330 shares during the last quarter. Janus Capital Management LLC increased its position in Unum Group by 177.8% during the first quarter. Janus Capital Management LLC now owns 1,246,145 shares of the financial services provider’s stock valued at $58,432,000 after acquiring an additional 797,551 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Unum Group by 3.1% during the first quarter. Vanguard Group Inc. now owns 24,069,527 shares of the financial services provider’s stock valued at $1,128,621,000 after acquiring an additional 732,083 shares during the last quarter. Hedge funds and other institutional investors own 92.34% of the company’s stock.
A number of research firms recently commented on UNM. Royal Bank Of Canada reiterated a “hold” rating and set a $51.00 price objective on shares of Unum Group in a research report on Tuesday. Morgan Stanley boosted their price target on Unum Group from $52.00 to $55.00 and gave the company an “equal weight” rating in a report on Thursday, October 5th. Zacks Investment Research raised Unum Group from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Thursday, October 5th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $58.00 price target on shares of Unum Group in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $51.33.
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Shares of Unum Group (NYSE UNM) traded down 0.31% during midday trading on Thursday, reaching $52.07. The company’s stock had a trading volume of 24,857 shares. The stock’s 50 day moving average price is $49.59 and its 200 day moving average price is $47.61. Unum Group has a one year low of $34.83 and a one year high of $52.75. The firm has a market cap of $11.75 billion, a price-to-earnings ratio of 12.54 and a beta of 1.59.
Unum Group (NYSE:UNM) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. Unum Group had a return on equity of 10.23% and a net margin of 8.57%. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the prior year, the firm posted $1.00 earnings per share. Analysts predict that Unum Group will post $4.17 earnings per share for the current year.
In related news, Director Pamela H. Godwin sold 2,500 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $50.71, for a total transaction of $126,775.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gloria C. Larson sold 2,460 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $50.23, for a total transaction of $123,565.80. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.
Unum Group Company Profile
Unum Group is a provider of financial protection benefits in the United States and the United Kingdom. The Company’s products include disability, life, accident, critical illness, dental and vision, and other related services. Its segments include Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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