California State Teachers Retirement System decreased its stake in Unum Group (NYSE:UNM) by 8.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 396,104 shares of the financial services provider’s stock after selling 37,754 shares during the quarter. California State Teachers Retirement System owned 0.18% of Unum Group worth $20,253,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in UNM. Invictus RG bought a new position in shares of Unum Group during the 3rd quarter worth approximately $176,000. Tredje AP fonden boosted its stake in shares of Unum Group by 15.0% during the 3rd quarter. Tredje AP fonden now owns 36,610 shares of the financial services provider’s stock worth $1,872,000 after acquiring an additional 4,770 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Unum Group by 6.6% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 67,485 shares of the financial services provider’s stock worth $3,451,000 after acquiring an additional 4,200 shares during the period. Hartford Investment Management Co. boosted its stake in shares of Unum Group by 3.4% during the 3rd quarter. Hartford Investment Management Co. now owns 55,842 shares of the financial services provider’s stock worth $2,855,000 after acquiring an additional 1,814 shares during the period. Finally, Hillsdale Investment Management Inc. bought a new stake in Unum Group in the 3rd quarter valued at $381,000. 91.52% of the stock is currently owned by institutional investors.
In related news, EVP Christopher J. Jerome sold 7,849 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $53.24, for a total transaction of $417,880.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Timothy Gerald Arnold sold 1,000 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $55.07, for a total value of $55,070.00. The disclosure for this sale can be found here. Insiders have sold 21,122 shares of company stock valued at $1,136,688 over the last ninety days. 0.53% of the stock is currently owned by company insiders.
Unum Group (NYSE UNM) traded up $0.70 during mid-day trading on Thursday, reaching $58.22. The company had a trading volume of 1,270,240 shares, compared to its average volume of 1,473,655. Unum Group has a fifty-two week low of $43.55 and a fifty-two week high of $58.50. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.29. The firm has a market cap of $12,910.00, a P/E ratio of 13.67, a P/E/G ratio of 1.74 and a beta of 1.66.
Unum Group (NYSE:UNM) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.04 by $0.05. The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.82 billion. Unum Group had a return on equity of 10.37% and a net margin of 8.67%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 earnings per share. equities analysts predict that Unum Group will post 4.23 EPS for the current year.
Several equities analysts have weighed in on the company. SunTrust Banks reissued a “buy” rating and set a $69.00 price target on shares of Unum Group in a report on Thursday. Zacks Investment Research lowered Unum Group from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. Deutsche Bank started coverage on Unum Group in a research report on Tuesday, January 2nd. They set a “hold” rating and a $58.00 price objective on the stock. ValuEngine upgraded Unum Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Wells Fargo & Co set a $56.00 price target on Unum Group and gave the company a “hold” rating in a research report on Wednesday, December 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $55.55.
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Unum Group 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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