Unum Group (UNM) Holdings Cut by Suntrust Banks Inc.
Suntrust Banks Inc. lessened its position in Unum Group (NYSE:UNM) by 0.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 443,911 shares of the financial services provider’s stock after selling 440 shares during the period. Suntrust Banks Inc. owned 0.20% of Unum Group worth $20,699,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in UNM. BlackRock Inc. grew its holdings in Unum Group by 2,690.7% in the 1st quarter. BlackRock Inc. now owns 16,788,648 shares of the financial services provider’s stock worth $787,221,000 after acquiring an additional 16,187,062 shares during the last quarter. AQR Capital Management LLC grew its holdings in Unum Group by 32.4% in the 1st quarter. AQR Capital Management LLC now owns 5,699,745 shares of the financial services provider’s stock worth $267,262,000 after acquiring an additional 1,395,330 shares during the last quarter. Prudential Financial Inc. grew its holdings in Unum Group by 75.8% in the 1st quarter. Prudential Financial Inc. now owns 2,381,719 shares of the financial services provider’s stock worth $111,679,000 after acquiring an additional 1,026,653 shares during the last quarter. Systematic Financial Management LP grew its holdings in Unum Group by 181.1% in the 1st quarter. Systematic Financial Management LP now owns 1,362,845 shares of the financial services provider’s stock worth $63,904,000 after acquiring an additional 878,031 shares during the last quarter. Finally, Janus Capital Management LLC grew its holdings in Unum Group by 177.8% in the 1st quarter. Janus Capital Management LLC now owns 1,246,145 shares of the financial services provider’s stock worth $58,432,000 after acquiring an additional 797,551 shares during the last quarter. 92.34% of the stock is currently owned by institutional investors and hedge funds.
Unum Group (UNM) traded up 0.18% during midday trading on Friday, hitting $50.12. 607,626 shares of the stock traded hands. The firm’s 50-day moving average is $48.82 and its 200-day moving average is $47.20. Unum Group has a 52-week low of $33.98 and a 52-week high of $51.43. The company has a market cap of $11.31 billion, a price-to-earnings ratio of 12.07 and a beta of 1.57.
Unum Group (NYSE:UNM) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.04. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Unum Group had a net margin of 8.57% and a return on equity of 10.23%. During the same period in the prior year, the business posted $1.00 earnings per share. Analysts predict that Unum Group will post $4.17 EPS for the current year.
In other news, Director Pamela H. Godwin sold 2,500 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $50.71, for a total value of $126,775.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gloria C. Larson sold 2,460 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $50.23, for a total transaction of $123,565.80. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.
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A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Unum Group from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Thursday. ValuEngine raised shares of Unum Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, BidaskClub lowered shares of Unum Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Unum Group currently has an average rating of “Hold” and a consensus price target of $46.78.
Unum Group Company 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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