Municipal Employees Retirement System of Michigan boosted its position in Unum Group (NYSE:UNM) by 18.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,250 shares of the financial services provider’s stock after purchasing an additional 3,780 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Unum Group were worth $1,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cerebellum GP LLC purchased a new stake in Unum Group in the 4th quarter worth approximately $125,000. Pinebridge Investments L.P. increased its holdings in shares of Unum Group by 160.9% in the 4th quarter. Pinebridge Investments L.P. now owns 2,930 shares of the financial services provider’s stock worth $161,000 after buying an additional 1,807 shares during the last quarter. Invictus RG bought a new position in shares of Unum Group in the 3rd quarter worth $176,000. Keel Point LLC bought a new position in shares of Unum Group in the 3rd quarter worth $202,000. Finally, Dai Ichi Life Insurance Company Ltd bought a new position in shares of Unum Group in the 3rd quarter worth $205,000. Institutional investors and hedge funds own 92.95% of the company’s stock.
Unum Group (NYSE UNM) opened at $49.87 on Tuesday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.29. Unum Group has a twelve month low of $43.55 and a twelve month high of $58.73. The company has a market cap of $11,125.01, a price-to-earnings ratio of 11.72, a P/E/G ratio of 1.39 and a beta of 1.49.
Unum Group (NYSE:UNM) last released its earnings results on Wednesday, January 31st. The financial services provider reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.05. Unum Group had a net margin of 8.81% and a return on equity of 10.43%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter last year, the firm earned $0.99 EPS. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. research analysts forecast that Unum Group will post 5.17 earnings per share for the current year.
A number of equities analysts have recently commented on the stock. B. Riley raised shares of Unum Group from a “neutral” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Tuesday, February 13th. Langen Mcalenn reissued a “neutral” rating on shares of Unum Group in a report on Tuesday, January 16th. ValuEngine raised shares of Unum Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. SunTrust Banks reissued a “buy” rating and issued a $69.00 price target on shares of Unum Group in a report on Thursday, January 11th. Finally, Wells Fargo set a $56.00 price target on shares of Unum Group and gave the stock a “hold” rating in a report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $57.09.
In other news, EVP Michael Q. Simonds sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $52.09, for a total value of $260,450.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John F. Mcgarry sold 4,588 shares of Unum Group stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $58.19, for a total transaction of $266,975.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,829 shares of company stock worth $999,888. 0.53% of the stock is owned by insiders.
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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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