Deutsche Bank AG lifted its holdings in shares of Unum (NYSE:UNM) by 18.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 744,305 shares of the financial services provider’s stock after purchasing an additional 114,059 shares during the period. Deutsche Bank AG owned about 0.33% of Unum worth $40,852,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in UNM. Cerebellum GP LLC bought a new stake in Unum in the 4th quarter worth $125,000. Pinebridge Investments L.P. lifted its position in shares of Unum 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 purchasing an additional 1,807 shares during the period. Invictus RG purchased a new stake in shares of Unum in the 3rd quarter worth about $176,000. Keel Point LLC purchased a new stake in shares of Unum in the 3rd quarter worth about $202,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of Unum in the 3rd quarter worth about $205,000. 92.98% of the stock is currently owned by institutional investors.
NYSE:UNM traded down $1.36 on Friday, reaching $46.59. 1,700,123 shares of the stock traded hands, compared to its average volume of 1,356,487. Unum has a 12 month low of $43.55 and a 12 month high of $58.73. The firm has a market cap of $10,308.55, a P/E ratio of 10.86, a P/E/G ratio of 1.29 and a beta of 1.46. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.17 and a current ratio of 0.17.
Unum (NYSE:UNM) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. Unum had a net margin of 8.81% and a return on equity of 10.43%. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period in the previous year, the business posted $0.99 earnings per share. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. equities research analysts predict that Unum will post 5.17 EPS for the current year.
Several equities research analysts have recently commented on UNM shares. Morgan Stanley dropped their target price on shares of Unum from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Thursday. UBS assumed coverage on shares of Unum in a research report on Friday, March 2nd. They set a “neutral” rating and a $57.00 price target for the company. Bank of America assumed coverage on shares of Unum in a research report on Monday, March 26th. They set an “underperform” rating and a $50.00 price target for the company. Royal Bank of Canada reissued a “hold” rating and set a $54.00 price target on shares of Unum in a research report on Thursday, February 1st. Finally, Deutsche Bank assumed coverage on shares of Unum in a research report on Tuesday, January 2nd. They set a “hold” rating and a $58.00 price target for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. Unum presently has a consensus rating of “Hold” and an average target price of $56.08.
In related news, SVP Daniel Jason Waxenberg sold 1,435 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $52.36, for a total transaction of $75,136.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher J. Jerome sold 7,806 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $50.90, for a total transaction of $397,325.40. The disclosure for this sale can be found here. Insiders sold 18,829 shares of company stock valued at $999,888 over the last quarter. Company insiders own 0.53% of the company’s stock.
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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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