Vident Investment Advisory LLC boosted its stake in shares of Unum Group (NYSE:UNM) by 3.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,390 shares of the financial services provider’s stock after acquiring an additional 1,910 shares during the quarter. Vident Investment Advisory LLC’s holdings in Unum Group were worth $2,381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also added to or reduced their stakes in UNM. Signaturefd LLC raised its position in shares of Unum Group by 95.1% in the 2nd quarter. Signaturefd LLC now owns 3,313 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 1,615 shares in the last quarter. Prana Capital Management LP bought a new position in Unum Group during the 2nd quarter valued at approximately $2,896,000. Paloma Partners Management Co increased its position in Unum Group by 101.8% during the 2nd quarter. Paloma Partners Management Co now owns 46,238 shares of the financial services provider’s stock valued at $1,710,000 after buying an additional 23,329 shares in the last quarter. Tuttle Tactical Management bought a new position in Unum Group during the 2nd quarter valued at approximately $166,000. Finally, Bank of America Corp DE increased its position in Unum Group by 4.9% during the 2nd quarter. Bank of America Corp DE now owns 986,505 shares of the financial services provider’s stock valued at $36,491,000 after buying an additional 45,699 shares in the last quarter. 91.19% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on UNM shares. Citigroup set a $44.00 price objective on Unum Group and gave the company a “hold” rating in a research report on Tuesday, June 12th. Zacks Investment Research upgraded Unum Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 21st. Finally, Barclays cut their target price on Unum Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a research note on Monday, July 9th. Three analysts have rated the stock with a sell rating, nine have given 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.
Unum Group (NYSE:UNM) last released its quarterly earnings results on Monday, July 30th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.03. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.90 billion. Unum Group had a return on equity of 11.19% and a net margin of 9.42%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the business posted $1.05 EPS. On average, equities research analysts expect that Unum Group will post 5.11 earnings per share for the current fiscal year.
In related news, EVP Breege A. Farrell sold 7,500 shares of Unum Group stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $40.66, for a total transaction of $304,950.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.40% of the stock is currently owned by insiders.
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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