Man Group plc lowered its holdings in shares of Unum Group (NYSE:UNM) by 8.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,334,690 shares of the financial services provider’s stock after selling 123,072 shares during the quarter. Man Group plc’s holdings in Unum Group were worth $38,920,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of UNM. Bank of New York Mellon Corp lifted its holdings in Unum Group by 26.1% in the 4th quarter. Bank of New York Mellon Corp now owns 3,195,488 shares of the financial services provider’s stock worth $93,180,000 after purchasing an additional 661,436 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in shares of Unum Group by 692.2% during the 4th quarter. Retirement Systems of Alabama now owns 723,753 shares of the financial services provider’s stock valued at $21,105,000 after purchasing an additional 632,391 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of Unum Group by 203.0% during the 4th quarter. Cubist Systematic Strategies LLC now owns 632,623 shares of the financial services provider’s stock valued at $18,447,000 after purchasing an additional 423,809 shares during the last quarter. Mackay Shields LLC grew its position in shares of Unum Group by 255.0% during the fourth quarter. Mackay Shields LLC now owns 536,956 shares of the financial services provider’s stock valued at $15,658,000 after purchasing an additional 385,704 shares in the last quarter. Finally, KBC Group NV grew its position in shares of Unum Group by 4,268.5% during the fourth quarter. KBC Group NV now owns 393,605 shares of the financial services provider’s stock valued at $11,478,000 after purchasing an additional 384,595 shares in the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.
A number of research firms recently commented on UNM. ValuEngine downgraded Unum Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Credit Suisse Group upgraded Unum Group from an “underperform” rating to a “neutral” rating and cut their price target for the company from $19.00 to $18.00 in a report on Wednesday, March 11th. Zacks Investment Research raised Unum Group from a “sell” rating to a “hold” rating and set a $31.00 price objective on the stock in a research note on Wednesday, December 11th. Royal Bank of Canada cut Unum Group from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $33.00 to $26.00 in a report on Friday, March 20th. Finally, Morgan Stanley lowered their target price on Unum Group from $34.00 to $18.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $26.83.
Shares of NYSE UNM opened at $14.63 on Thursday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.29. Unum Group has a 12-month low of $9.58 and a 12-month high of $38.00. The firm’s 50-day moving average price is $22.50 and its 200-day moving average price is $27.34. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 2.79, a P/E/G ratio of 0.25 and a beta of 1.56.
Unum Group (NYSE:UNM) last issued its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $1.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.03. Unum Group had a return on equity of 11.97% and a net margin of 9.17%. The company had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the previous year, the firm posted $1.30 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities analysts predict that Unum Group will post 5.74 EPS for the current fiscal year.
Unum Group Profile
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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