Flinton Capital Management LLC Cuts Holdings in Unum (UNM)

Flinton Capital Management LLC lowered its holdings in Unum (NYSE:UNM) by 35.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,608 shares of the financial services provider’s stock after selling 42,644 shares during the quarter. Flinton Capital Management LLC’s holdings in Unum were worth $4,205,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Investec Asset Management LTD boosted its holdings in Unum by 128.2% during the 4th quarter. Investec Asset Management LTD now owns 4,316,708 shares of the financial services provider’s stock worth $236,944,000 after acquiring an additional 2,425,302 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Unum by 21.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,944,398 shares of the financial services provider’s stock worth $150,548,000 after acquiring an additional 515,351 shares during the last quarter. APG Asset Management N.V. boosted its holdings in Unum by 44.7% during the 4th quarter. APG Asset Management N.V. now owns 1,343,609 shares of the financial services provider’s stock worth $61,418,000 after acquiring an additional 415,200 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in Unum by 39.0% during the 4th quarter. Allianz Asset Management GmbH now owns 1,209,637 shares of the financial services provider’s stock worth $66,397,000 after acquiring an additional 339,361 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its holdings in Unum by 47.8% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,028,656 shares of the financial services provider’s stock worth $56,464,000 after acquiring an additional 332,496 shares during the last quarter. 92.98% of the stock is owned by institutional investors and hedge funds.

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In other news, EVP Christopher J. Jerome sold 7,806 shares of the company’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $50.90, for a total transaction of $397,325.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Daniel Jason Waxenberg sold 1,435 shares of the company’s stock in a transaction dated 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. Over the last quarter, insiders have sold 18,829 shares of company stock worth $999,888. Company insiders own 0.53% of the company’s stock.

Shares of Unum stock opened at $46.59 on Friday. Unum has a 52-week low of $43.55 and a 52-week high of $58.73. The stock has a market capitalization of $10,549.73, a P/E ratio of 10.86, a PEG ratio of 1.32 and a beta of 1.46. 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 (NYSE:UNM) last announced its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.05. Unum had a return on equity of 10.43% and a net margin of 8.81%. The business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same period in the previous year, the business posted $0.99 EPS. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. sell-side analysts forecast that Unum will post 5.17 EPS for the current year.

A number of equities analysts have issued reports on UNM shares. UBS assumed coverage on shares of Unum in a report on Friday, March 2nd. They set a “neutral” rating and a $57.00 price objective on the stock. Wells Fargo set a $56.00 target price on Unum and gave the stock a “hold” rating in a research note on Wednesday, December 13th. Zacks Investment Research cut Unum from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. ValuEngine upgraded Unum from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $54.00 target price on shares of Unum in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $56.08.

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About Unum

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.

Institutional Ownership by Quarter for Unum (NYSE:UNM)

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