Montecito Bank & Trust raised its holdings in shares of Unum Group (NYSE:UNM) by 38.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 11,799 shares of the financial services provider’s stock after purchasing an additional 3,283 shares during the period. Montecito Bank & Trust’s holdings in Unum Group were worth $460,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in UNM. Federated Investors Inc. PA grew its stake in Unum Group by 144.9% during the 1st quarter. Federated Investors Inc. PA now owns 9,848 shares of the financial services provider’s stock valued at $469,000 after acquiring an additional 5,826 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Unum Group by 4.2% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 36,450 shares of the financial services provider’s stock valued at $1,736,000 after buying an additional 1,463 shares in the last quarter. Nuveen Asset Management LLC grew its stake in shares of Unum Group by 112.6% in the 1st quarter. Nuveen Asset Management LLC now owns 76,283 shares of the financial services provider’s stock valued at $3,632,000 after buying an additional 40,398 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of Unum Group in the 1st quarter valued at approximately $25,214,000. Finally, A.R.T. Advisors LLC grew its stake in shares of Unum Group by 111.2% in the 1st quarter. A.R.T. Advisors LLC now owns 69,900 shares of the financial services provider’s stock valued at $3,327,000 after buying an additional 36,800 shares in the last quarter. 91.19% of the stock is currently owned by institutional investors.
In related news, EVP Breege A. Farrell sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $40.66, for a total value of $304,950.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is currently owned by insiders.
UNM opened at $37.32 on Friday. Unum Group has a twelve month low of $34.57 and a twelve month high of $58.73. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.18 and a quick ratio of 0.18. The company has a market capitalization of $8.54 billion, a P/E ratio of 8.70, a P/E/G ratio of 0.85 and a beta of 1.36.
Unum Group (NYSE:UNM) last posted its earnings results on Monday, July 30th. The financial services provider reported $1.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.03. Unum Group had a return on equity of 11.19% and a net margin of 9.42%. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the previous year, the company earned $1.05 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. Equities analysts expect that Unum Group will post 5.11 earnings per share for the current year.
Several equities research analysts recently commented on UNM shares. Zacks Investment Research raised Unum Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 21st. Barclays lowered their price target on Unum Group from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Monday, July 9th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Unum Group presently has a consensus rating of “Hold” and a consensus price target of $52.69.
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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