Wedge Capital Management L L P NC raised its position in shares of Unum Group (NYSE:UNM) by 5.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,060,908 shares of the financial services provider’s stock after acquiring an additional 57,412 shares during the period. Wedge Capital Management L L P NC owned approximately 0.51% of Unum Group worth $30,936,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of UNM. IFM Investors Pty Ltd lifted its holdings in shares of Unum Group by 22.1% during the fourth quarter. IFM Investors Pty Ltd now owns 24,139 shares of the financial services provider’s stock worth $704,000 after buying an additional 4,362 shares in the last quarter. DNB Asset Management AS grew its stake in shares of Unum Group by 183.1% in the fourth quarter. DNB Asset Management AS now owns 68,184 shares of the financial services provider’s stock valued at $1,988,000 after acquiring an additional 44,100 shares in the last quarter. BKD Wealth Advisors LLC acquired a new position in shares of Unum Group in the fourth quarter valued at about $202,000. Man Group plc increased its position in Unum Group by 9.0% during the third quarter. Man Group plc now owns 1,457,762 shares of the financial services provider’s stock worth $43,325,000 after acquiring an additional 120,751 shares during the period. Finally, Squarepoint Ops LLC increased its position in Unum Group by 7.0% during the third quarter. Squarepoint Ops LLC now owns 381,011 shares of the financial services provider’s stock worth $11,324,000 after acquiring an additional 24,777 shares during the period. 93.09% of the stock is currently owned by institutional investors.
NYSE:UNM opened at $28.57 on Thursday. The stock has a fifty day moving average price of $29.48 and a 200-day moving average price of $29.44. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 5.49, a PEG ratio of 0.56 and a beta of 1.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.16 and a current ratio of 0.16. Unum Group has a fifty-two week low of $24.71 and a fifty-two week high of $38.29.
Unum Group (NYSE:UNM) last released its earnings results on Tuesday, October 29th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.01). The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.02 billion. Unum Group had a return on equity of 12.31% and a net margin of 8.89%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the company posted $1.37 earnings per share. Research analysts predict that Unum Group will post 5.41 EPS for the current fiscal year.
A number of analysts have issued reports on the stock. Zacks Investment Research raised shares of Unum Group from a “sell” rating to a “hold” rating and set a $31.00 price objective for the company in a report on Wednesday, December 11th. DOWLING & PARTN reaffirmed a “buy” rating on shares of Unum Group in a report on Monday, November 18th. Finally, ValuEngine upgraded shares of Unum Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $34.00.
About Unum Group
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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