Vident Investment Advisory LLC lifted its position in Unum Group (NYSE:UNM) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,618 shares of the financial services provider’s stock after buying an additional 3,361 shares during the quarter. Vident Investment Advisory LLC’s holdings in Unum Group were worth $3,162,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cerebellum GP LLC bought a new stake in Unum Group during the fourth quarter worth approximately $125,000. Pinebridge Investments L.P. boosted its position in Unum Group by 160.9% during the fourth quarter. Pinebridge Investments L.P. now owns 2,930 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 1,807 shares during the period. Invictus RG bought a new stake in Unum Group during the third quarter worth approximately $176,000. Lakeview Capital Partners LLC bought a new stake in Unum Group during the fourth quarter worth approximately $206,000. Finally, First City Capital Management Inc. bought a new stake in Unum Group during the fourth quarter worth approximately $207,000. 92.95% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Christopher J. Jerome sold 7,806 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $50.90, for a total value of $397,325.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Daniel Jason Waxenberg sold 1,435 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $52.36, for a total value of $75,136.60. The disclosure for this sale can be found here. Insiders sold 18,829 shares of company stock valued at $999,888 over the last three months. 0.53% of the stock is owned by company insiders.
Shares of Unum Group stock opened at $50.28 on Monday. Unum Group has a 12-month low of $43.55 and a 12-month high of $58.73. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market capitalization of $11,125.01, a P/E ratio of 11.72, a PEG ratio of 1.39 and a beta of 1.49.
Unum Group (NYSE:UNM) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.05. Unum Group had a return on equity of 10.43% and a net margin of 8.81%. The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same period in the prior year, the business earned $0.99 earnings per share. Unum Group’s revenue for the quarter was up 1.5% compared to the same quarter last year. sell-side analysts anticipate that Unum Group will post 5.17 EPS for the current fiscal year.
UNM has been the subject of a number of recent analyst reports. B. Riley raised Unum Group from a “neutral” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Tuesday, February 13th. Zacks Investment Research raised Unum Group from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Friday, January 12th. SunTrust Banks reaffirmed a “buy” rating and set a $69.00 target price on shares of Unum Group in a research report on Thursday, January 11th. Wells Fargo set a $56.00 target price on Unum Group and gave the stock a “hold” rating in a research report on Wednesday, December 13th. Finally, Deutsche Bank initiated coverage on Unum Group in a research report on Tuesday, January 2nd. They set a “hold” rating and a $58.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Unum Group presently has an average rating of “Hold” and an average target price of $57.09.
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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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