Unum Group (UNM) Shares Bought by Retirement Systems of Alabama
Retirement Systems of Alabama boosted its position in shares of Unum Group (NYSE:UNM) by 53.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 392,336 shares of the company’s stock after buying an additional 135,977 shares during the period. Retirement Systems of Alabama owned approximately 0.17% of Unum Group worth $12,472,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Glenmede Trust Co. NA raised its position in shares of Unum Group by 17.6% in the first quarter. Glenmede Trust Co. NA now owns 50,604 shares of the company’s stock worth $1,564,000 after buying an additional 7,585 shares in the last quarter. Commonwealth Equity Services Inc raised its position in shares of Unum Group by 10.6% in the first quarter. Commonwealth Equity Services Inc now owns 21,710 shares of the company’s stock worth $671,000 after buying an additional 2,087 shares in the last quarter. Aperio Group LLC raised its position in shares of Unum Group by 1.3% in the first quarter. Aperio Group LLC now owns 133,303 shares of the company’s stock worth $4,122,000 after buying an additional 1,646 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Unum Group by 29.1% in the first quarter. TIAA CREF Investment Management LLC now owns 550,354 shares of the company’s stock worth $17,017,000 after buying an additional 123,922 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Unum Group by 2.2% in the first quarter. Prudential Financial Inc. now owns 766,148 shares of the company’s stock worth $23,690,000 after buying an additional 16,800 shares in the last quarter. 93.67% of the stock is currently owned by institutional investors and hedge funds.
Unum Group (NYSE:UNM) traded down 0.59% during trading on Monday, hitting $35.10. The stock had a trading volume of 990,506 shares. The stock’s 50 day moving average price is $34.96 and its 200 day moving average price is $33.68. Unum Group has a 12-month low of $23.99 and a 12-month high of $37.26. The firm has a market cap of $8.24 billion, a P/E ratio of 9.67 and a beta of 1.50.
Unum Group (NYSE:UNM) last posted its earnings results on Wednesday, July 27th. The company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.05. Unum Group had a return on equity of 10.37% and a net margin of 8.07%. The business earned $2.76 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the previous year, the business earned $0.90 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts anticipate that Unum Group will post $3.86 EPS for the current fiscal year.
A number of research analysts have recently weighed in on UNM shares. Bank of America Corp. lowered Unum Group from a “neutral” rating to an “underperform” rating in a report on Wednesday, June 29th. Zacks Investment Research lowered Unum Group from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Evercore ISI started coverage on Unum Group in a report on Wednesday, July 6th. They issued a “sell” rating and a $29.00 price objective on the stock. Citigroup Inc. cut their price objective on Unum Group from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Thursday, July 7th. Finally, Deutsche Bank AG dropped their target price on Unum Group from $38.00 to $33.00 and set a “hold” rating on the stock in a report on Thursday, July 7th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $36.15.
In other news, Director Thomas R. Watjen sold 40,000 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $33.24, for a total value of $1,329,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is owned by insiders.
About Unum Group
Unum Group is a provider of disability insurance products in the United States and the United Kingdom. The Company provides a portfolio of other insurance products, including employer and employee paid group benefits, life insurance and other related services. Its segments are Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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