Teachers Advisors LLC boosted its holdings in Unum Group (NYSE:UNM) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 738,979 shares of the financial services provider’s stock after buying an additional 59,130 shares during the quarter. Teachers Advisors LLC owned 0.33% of Unum Group worth $40,563,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in UNM. Cerebellum GP LLC purchased a new stake in shares of Unum Group during the 4th quarter valued at about $125,000. Pinebridge Investments L.P. increased its position in shares of Unum Group by 160.9% during the 4th quarter. Pinebridge Investments L.P. now owns 2,930 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 1,807 shares during the last quarter. Invictus RG purchased a new stake in shares of Unum Group during the 3rd quarter valued at about $176,000. Keel Point LLC purchased a new stake in shares of Unum Group during the 3rd quarter valued at about $202,000. Finally, Dai Ichi Life Insurance Company Ltd purchased a new stake in shares of Unum Group during the 3rd quarter valued at about $205,000. 92.95% of the stock is owned by hedge funds and other institutional investors.
In other Unum Group news, CFO John F. Mcgarry sold 4,588 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $58.19, for a total value of $266,975.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christopher J. Jerome sold 7,806 shares of the company’s 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 disclosure for this sale can be found here. Insiders sold a total of 18,829 shares of company stock valued at $999,888 over the last three months. 0.53% of the stock is currently owned by insiders.
Shares of Unum Group (UNM) opened at $49.87 on Tuesday. The stock has a market cap of $11,125.01, a P/E ratio of 11.72, a P/E/G ratio of 1.39 and a beta of 1.49. Unum Group has a fifty-two week low of $43.55 and a fifty-two week high of $58.73. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.29.
Unum Group (NYSE:UNM) last released its earnings results on Wednesday, January 31st. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.05. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.84 billion. Unum Group had a net margin of 8.81% and a return on equity of 10.43%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 EPS. analysts predict that Unum Group will post 5.17 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Unum Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. UBS assumed coverage on shares of Unum Group in a research report on Friday, March 2nd. They set a “neutral” rating and a $57.00 price target for the company. SunTrust Banks reaffirmed a “buy” rating and set a $69.00 price target on shares of Unum Group in a research report on Thursday, January 11th. Langen Mcalenn reaffirmed a “neutral” rating on shares of Unum Group in a research report on Tuesday, January 16th. Finally, Deutsche Bank assumed coverage on shares of Unum Group in a research report on Tuesday, January 2nd. They set a “hold” rating and a $58.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $57.09.
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About Unum Group
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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