Nordea Investment Management AB Sells 42,409 Shares of Unum Group (UNM)
Nordea Investment Management AB cut its stake in shares of Unum Group (NYSE:UNM) by 3.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,067,399 shares of the financial services provider’s stock after selling 42,409 shares during the quarter. Nordea Investment Management AB owned 0.47% of Unum Group worth $49,773,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Achmea Investment Management B.V. acquired a new stake in shares of Unum Group during the first quarter worth $3,930,000. Aviva PLC lifted its holdings in shares of Unum Group by 0.5% during the second quarter. Aviva PLC now owns 144,311 shares of the financial services provider’s stock worth $6,731,000 after purchasing an additional 690 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Unum Group by 30.5% during the second quarter. Prudential Financial Inc. now owns 3,109,206 shares of the financial services provider’s stock worth $144,982,000 after purchasing an additional 727,487 shares during the period. Atwood & Palmer Inc. acquired a new stake in shares of Unum Group during the second quarter worth $5,538,000. Finally, KCG Holdings Inc. lifted its holdings in shares of Unum Group by 84.9% during the first quarter. KCG Holdings Inc. now owns 21,265 shares of the financial services provider’s stock worth $997,000 after purchasing an additional 9,766 shares during the period. 92.34% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Gloria C. Larson sold 2,460 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $50.23, for a total value of $123,565.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pamela H. Godwin sold 2,500 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $50.71, for a total value of $126,775.00. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.
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Unum Group (UNM) traded up 0.18% on Friday, reaching $50.12. The company’s stock had a trading volume of 607,626 shares. Unum Group has a 52-week low of $33.98 and a 52-week high of $51.43. The firm has a 50-day moving average price of $48.82 and a 200 day moving average price of $47.20. The firm has a market capitalization of $11.31 billion, a P/E ratio of 12.07 and a beta of 1.57.
Unum Group (NYSE:UNM) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.04. Unum Group had a return on equity of 10.23% and a net margin of 8.57%. The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the firm posted $1.00 EPS. Equities analysts anticipate that Unum Group will post $4.17 earnings per share for the current fiscal year.
UNM has been the subject of several research analyst reports. BidaskClub upgraded Unum Group from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Zacks Investment Research cut Unum Group from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. Finally, ValuEngine upgraded Unum Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $48.50.
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.
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