Bank of Montreal Can lessened its holdings in Unum Group (NYSE:UNM) by 11.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,665,749 shares of the financial services provider’s stock after selling 462,221 shares during the period. Bank of Montreal Can owned approximately 1.68% of Unum Group worth $143,221,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Nomura Asset Management Co. Ltd. boosted its position in Unum Group by 4.2% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 36,450 shares of the financial services provider’s stock valued at $1,736,000 after buying an additional 1,463 shares during the period. LS Investment Advisors LLC boosted its position in Unum Group by 13.1% in the 2nd quarter. LS Investment Advisors LLC now owns 13,902 shares of the financial services provider’s stock valued at $514,000 after buying an additional 1,607 shares during the period. Signaturefd LLC boosted its position in Unum Group by 95.1% in the 2nd quarter. Signaturefd LLC now owns 3,313 shares of the financial services provider’s stock valued at $123,000 after buying an additional 1,615 shares during the period. Montecito Bank & Trust boosted its position in Unum Group by 25.8% in the 2nd quarter. Montecito Bank & Trust now owns 8,516 shares of the financial services provider’s stock valued at $315,000 after buying an additional 1,745 shares during the period. Finally, Assetmark Inc. boosted its position in Unum Group by 17.9% in the 2nd quarter. Assetmark Inc. now owns 11,885 shares of the financial services provider’s stock valued at $440,000 after buying an additional 1,803 shares during the period. 91.19% of the stock is owned by institutional investors.
In other news, EVP Breege A. Farrell sold 7,500 shares of Unum Group stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $40.66, for a total transaction of $304,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is currently owned by insiders.
Unum Group stock opened at $37.32 on Friday. The firm has a market cap of $8.54 billion, a PE ratio of 8.58, a PEG ratio of 0.85 and a beta of 1.36. Unum Group has a 12-month low of $34.57 and a 12-month high of $58.73. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.18 and a quick ratio of 0.18.
Unum Group (NYSE:UNM) last released its quarterly earnings data on Monday, July 30th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.03. The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Unum Group had a net margin of 9.42% and a return on equity of 11.19%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.05 EPS. As a group, sell-side analysts forecast that Unum Group will post 5.11 earnings per share for the current year.
Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Unum Group from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Friday. Barclays decreased their price target on shares of Unum Group from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Monday, July 9th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Unum Group has an average rating of “Hold” and an average target price of $52.69.
About Unum Group
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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