Point72 Hong Kong Ltd Boosts Stock Position in Unum Group (NYSE:UNM)

Point72 Hong Kong Ltd grew its position in shares of Unum Group (NYSE:UNM) by 1,279.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,795 shares of the financial services provider’s stock after purchasing an additional 19,288 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Unum Group were worth $698,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Cubist Systematic Strategies LLC lifted its position in Unum Group by 362.2% in the second quarter. Cubist Systematic Strategies LLC now owns 409,845 shares of the financial services provider’s stock valued at $13,750,000 after purchasing an additional 321,172 shares during the period. Jefferies Group LLC lifted its position in Unum Group by 33.8% in the second quarter. Jefferies Group LLC now owns 82,731 shares of the financial services provider’s stock valued at $2,776,000 after purchasing an additional 20,910 shares during the period. California State Teachers Retirement System lifted its position in Unum Group by 3.5% in the second quarter. California State Teachers Retirement System now owns 385,991 shares of the financial services provider’s stock valued at $12,950,000 after purchasing an additional 13,048 shares during the period. Marshall Wace LLP lifted its position in Unum Group by 19.8% in the second quarter. Marshall Wace LLP now owns 125,768 shares of the financial services provider’s stock valued at $4,220,000 after purchasing an additional 20,785 shares during the period. Finally, AQR Capital Management LLC lifted its position in Unum Group by 66.7% in the second quarter. AQR Capital Management LLC now owns 2,511,001 shares of the financial services provider’s stock valued at $83,742,000 after purchasing an additional 1,004,924 shares during the period. 95.57% of the stock is currently owned by institutional investors.

A number of equities research analysts recently commented on UNM shares. Citigroup reduced their price objective on shares of Unum Group from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. ValuEngine downgraded shares of Unum Group from a “sell” rating to a “strong sell” rating in a research report on Monday, July 29th. Barclays set a $36.00 price objective on shares of Unum Group and gave the company a “buy” rating in a research report on Monday, August 12th. TheStreet downgraded shares of Unum Group from a “b-” rating to a “c+” rating in a research report on Thursday, June 6th. Finally, Credit Suisse Group started coverage on shares of Unum Group in a research report on Wednesday, July 10th. They issued an “underperform” rating for the company. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Unum Group has an average rating of “Hold” and a consensus target price of $37.00.

Shares of UNM stock traded down $0.11 during midday trading on Friday, reaching $29.45. 2,678,281 shares of the company traded hands, compared to its average volume of 2,433,217. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.17 and a quick ratio of 0.17. The firm’s 50 day simple moving average is $27.49 and its two-hundred day simple moving average is $32.75. Unum Group has a 1-year low of $24.71 and a 1-year high of $40.76. The firm has a market cap of $6.19 billion, a PE ratio of 5.66, a price-to-earnings-growth ratio of 0.60 and a beta of 1.56.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.02. Unum Group had a net margin of 4.46% and a return on equity of 12.90%. The business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the company posted $1.30 EPS. The company’s revenue was up 4.4% on a year-over-year basis. As a group, research analysts anticipate that Unum Group will post 5.45 earnings per share for the current fiscal year.

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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