Paloma Partners Management Co Has $1.71 Million Position in Unum Group (UNM)

Paloma Partners Management Co increased its position in Unum Group (NYSE:UNM) by 101.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,238 shares of the financial services provider’s stock after acquiring an additional 23,329 shares during the quarter. Paloma Partners Management Co’s holdings in Unum Group were worth $1,710,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in UNM. Tuttle Tactical Management bought a new position in shares of Unum Group in the second quarter valued at approximately $166,000. Cerebellum GP LLC bought a new position in shares of Unum Group in the second quarter valued at approximately $176,000. Quadrature Capital Ltd bought a new position in shares of Unum Group in the first quarter valued at approximately $222,000. IBM Retirement Fund bought a new position in shares of Unum Group in the first quarter valued at approximately $234,000. Finally, Investors Asset Management of Georgia Inc. GA ADV bought a new position in shares of Unum Group in the second quarter valued at approximately $270,000. Institutional investors own 91.19% of the company’s stock.

UNM has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Unum Group from a “sell” rating to a “hold” rating in a research report on Wednesday, June 13th. Barclays dropped their target price on shares of Unum Group from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Monday, July 9th. Finally, Citigroup set a $44.00 target price on shares of Unum Group and gave the company a “hold” rating in a research report on Tuesday, June 12th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $53.31.

Shares of Unum Group stock opened at $40.23 on Tuesday. Unum Group has a 1 year low of $34.57 and a 1 year high of $58.73. The company has a market cap of $8.54 billion, a price-to-earnings ratio of 9.38, a P/E/G ratio of 0.85 and a beta of 1.36. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.18 and a quick ratio of 0.18.

Unum Group (NYSE:UNM) last announced its quarterly earnings data on Monday, July 30th. The financial services provider reported $1.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.03. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.90 billion. Unum Group had a net margin of 9.42% and a return on equity of 11.19%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.05 EPS. Equities research analysts predict that Unum Group will post 5.11 earnings per share for the current fiscal year.

In other news, EVP Breege A. Farrell sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $40.66, for a total value of $304,950.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.40% of the company’s stock.

Unum Group Company 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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Institutional Ownership by Quarter for Unum Group (NYSE:UNM)

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