HBK Investments L P raised its holdings in Unum Group (NYSE:UNM) by 453.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,800 shares of the financial services provider’s stock after buying an additional 21,135 shares during the quarter. HBK Investments L P’s holdings in Unum Group were worth $1,416,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in UNM. Cerebellum GP LLC bought a new stake in Unum Group in the 4th quarter valued at $125,000. Pinebridge Investments L.P. increased its holdings in Unum Group by 160.9% in the 4th quarter. Pinebridge Investments L.P. now owns 2,930 shares of the financial services provider’s stock valued at $161,000 after buying an additional 1,807 shares during the period. Invictus RG bought a new stake in Unum Group in the 3rd quarter valued at $176,000. Keel Point LLC bought a new stake in Unum Group in the 3rd quarter valued at $202,000. Finally, Dai Ichi Life Insurance Company Ltd bought a new stake in Unum Group in the 3rd quarter valued at $205,000. 92.95% of the stock is currently owned by hedge funds and other institutional investors.
UNM has been the topic of several analyst reports. Royal Bank of Canada reissued a “hold” rating and issued a $54.00 price target on shares of Unum Group in a report on Thursday, February 1st. Deutsche Bank initiated coverage on shares of Unum Group in a report on Tuesday, January 2nd. They issued a “hold” rating and a $58.00 price target on the stock. UBS initiated coverage on shares of Unum Group in a report on Friday, March 2nd. They issued a “neutral” rating and a $57.00 price target on the stock. Zacks Investment Research lowered shares of Unum Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. Finally, Wells Fargo set a $56.00 target price on shares of Unum Group and gave the stock a “hold” rating in a report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $57.09.
Shares of Unum Group stock opened at $50.63 on Thursday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.29. Unum Group has a fifty-two week low of $43.55 and a fifty-two week high of $58.73. The firm has a market cap of $11,122.80, a PE ratio of 11.72, a PEG ratio of 1.39 and a beta of 1.49.
Unum Group (NYSE:UNM) last posted its earnings results on Wednesday, January 31st. The financial services provider reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.05. Unum Group had a net margin of 8.81% and a return on equity of 10.43%. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the prior year, the firm earned $0.99 EPS. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. research analysts expect that Unum Group will post 5.17 earnings per share for the current year.
In related news, CFO John F. Mcgarry sold 4,588 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $58.19, for a total transaction of $266,975.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Michael Q. Simonds sold 5,000 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $52.09, for a total transaction of $260,450.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,829 shares of company stock worth $999,888. 0.53% of the stock is owned by corporate insiders.
Unum Group Profile
Unum Group is a provider of financial protection benefits in the United States and the United Kingdom. The Company’s products include disability, life, accident, critical illness, dental and vision, and other related services. Its segments include Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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