Unum Group (UNM) Position Lifted by Bank of America Corp DE

Bank of America Corp DE increased its position in Unum Group (NYSE:UNM) by 4.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 986,505 shares of the financial services provider’s stock after buying an additional 45,699 shares during the period. Bank of America Corp DE’s holdings in Unum Group were worth $36,491,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Voya Investment Management LLC boosted its holdings in Unum Group by 5.9% in the 2nd quarter. Voya Investment Management LLC now owns 341,229 shares of the financial services provider’s stock worth $12,621,000 after buying an additional 19,024 shares during the period. Dynamic Technology Lab Private Ltd boosted its holdings in Unum Group by 64.1% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 14,634 shares of the financial services provider’s stock worth $542,000 after buying an additional 5,715 shares during the period. AMP Capital Investors Ltd boosted its holdings in Unum Group by 1.9% in the 2nd quarter. AMP Capital Investors Ltd now owns 218,921 shares of the financial services provider’s stock worth $8,096,000 after buying an additional 4,029 shares during the period. Flinton Capital Management LLC boosted its holdings in Unum Group by 57.4% in the 2nd quarter. Flinton Capital Management LLC now owns 192,948 shares of the financial services provider’s stock worth $7,137,000 after buying an additional 70,336 shares during the period. Finally, Twin Capital Management Inc. boosted its holdings in Unum Group by 57.5% in the 2nd quarter. Twin Capital Management Inc. now owns 47,591 shares of the financial services provider’s stock worth $1,760,000 after buying an additional 17,381 shares during the period. 91.14% of the stock is owned by institutional investors.

UNM opened at $38.85 on Thursday. Unum Group has a 52 week low of $34.57 and a 52 week high of $58.73. The stock has a market cap of $8.71 billion, a price-to-earnings ratio of 9.22, a P/E/G ratio of 0.87 and a beta of 1.37. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.32.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Monday, July 30th. The financial services provider reported $1.30 EPS for the quarter, beating the consensus estimate of $1.27 by $0.03. Unum Group had a net margin of 9.42% and a return on equity of 11.19%. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. The business’s revenue was up 2.8% on a year-over-year basis. sell-side analysts forecast that Unum Group will post 5.1 EPS for the current fiscal year.

UNM has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Unum Group from a “hold” rating to a “sell” rating in a report on Monday, June 4th. Citigroup set a $44.00 price objective on shares of Unum Group and gave the company a “hold” rating in a report on Tuesday, June 12th. Finally, Barclays dropped their price objective on shares of Unum Group from $65.00 to $55.00 and set an “overweight” rating for the company in a report on Monday, July 9th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $53.31.

In other Unum Group news, EVP Breege A. Farrell sold 7,500 shares of the stock in a transaction dated Tuesday, July 31st. The shares were 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is owned by corporate insiders.

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.

Further Reading: What is a stock buyback?

Want to see what other hedge funds are holding UNM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unum Group (NYSE:UNM).

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

Receive News & Ratings for Unum Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unum Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply