Alliancebernstein L.P. lowered its stake in Unum Group (NYSE:UNM) by 0.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 397,989 shares of the financial services provider’s stock after selling 3,071 shares during the period. Alliancebernstein L.P. owned 0.18% of Unum Group worth $18,558,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Aberdeen Asset Management PLC UK increased its holdings in shares of Unum Group by 10.7% in the second quarter. Aberdeen Asset Management PLC UK now owns 116,254 shares of the financial services provider’s stock valued at $5,421,000 after purchasing an additional 11,215 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Unum Group by 1.1% in the second quarter. Franklin Resources Inc. now owns 56,240 shares of the financial services provider’s stock valued at $2,623,000 after purchasing an additional 623 shares in the last quarter. Tredje AP fonden increased its holdings in shares of Unum Group by 11.3% in the second quarter. Tredje AP fonden now owns 31,840 shares of the financial services provider’s stock valued at $1,485,000 after purchasing an additional 3,241 shares in the last quarter. AGF Investments Inc. increased its holdings in shares of Unum Group by 1.9% in the second quarter. AGF Investments Inc. now owns 1,193,628 shares of the financial services provider’s stock valued at $55,676,000 after purchasing an additional 21,902 shares in the last quarter. Finally, LSV Asset Management increased its holdings in shares of Unum Group by 1.8% in the second quarter. LSV Asset Management now owns 4,913,271 shares of the financial services provider’s stock valued at $229,105,000 after purchasing an additional 88,700 shares in the last quarter. 92.34% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently weighed in on UNM shares. BidaskClub raised shares of Unum Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised shares of Unum Group from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $46.78.

In other news, Director Gloria C. Larson sold 2,460 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $50.23, for a total transaction of $123,565.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Pamela H. Godwin sold 2,500 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $50.71, for a total transaction of $126,775.00. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.

Shares of Unum Group (NYSE UNM) opened at 50.12 on Friday. The firm has a market cap of $11.31 billion, a price-to-earnings ratio of 12.07 and a beta of 1.57. The firm’s 50-day moving average is $48.82 and its 200-day moving average is $47.20. Unum Group has a 12-month low of $33.98 and a 12-month high of $51.43.

Unum Group (NYSE:UNM) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.04. Unum Group had a net margin of 8.57% and a return on equity of 10.23%. The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the prior year, the company posted $1.00 earnings per share. Analysts predict that Unum Group will post $4.17 earnings per share for the current fiscal year.

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About Unum Group

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.

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

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