Federated Investors Inc. PA grew its position in Unum Group (NYSE:UNM) by 265.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,010 shares of the financial services provider’s stock after acquiring an additional 26,162 shares during the quarter. Federated Investors Inc. PA’s holdings in Unum Group were worth $1,332,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Unum Group by 1.3% in the second quarter. BlackRock Inc. now owns 17,212,634 shares of the financial services provider’s stock worth $636,697,000 after purchasing an additional 214,291 shares during the last quarter. LSV Asset Management grew its holdings in shares of Unum Group by 3.5% in the second quarter. LSV Asset Management now owns 5,493,349 shares of the financial services provider’s stock worth $203,198,000 after purchasing an additional 185,504 shares during the last quarter. Donald Smith & CO. Inc. grew its holdings in shares of Unum Group by 158.2% in the second quarter. Donald Smith & CO. Inc. now owns 5,328,092 shares of the financial services provider’s stock worth $197,086,000 after purchasing an additional 3,264,382 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Unum Group in the second quarter worth about $152,694,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Unum Group by 20.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,871,332 shares of the financial services provider’s stock worth $143,202,000 after purchasing an additional 645,870 shares during the last quarter. 91.19% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Breege A. Farrell sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $40.66, for a total value of $304,950.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.40% of the stock is currently owned by company insiders.
A number of research analysts have recently commented on UNM shares. Zacks Investment Research upgraded shares of Unum Group from a “sell” rating to a “hold” rating in a report on Thursday, June 21st. Barclays dropped their target price on shares of Unum Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Monday, July 9th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $52.69.
Unum Group stock traded up $0.41 during midday trading on Friday, hitting $37.32. 3,475,607 shares of the company’s stock were exchanged, compared to its average volume of 1,963,262. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.18 and a quick ratio of 0.18. Unum Group has a 12 month low of $34.57 and a 12 month high of $58.73. The stock has a market cap of $8.54 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 0.85 and a beta of 1.36.
Unum Group (NYSE:UNM) last released its quarterly earnings results on Monday, July 30th. The financial services provider reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.03. Unum Group had a net margin of 9.42% and a return on equity of 11.19%. The business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the business earned $1.05 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. On average, equities analysts expect that Unum Group will post 5.11 earnings per share for the current year.
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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