Toronto Dominion Bank Reduces Stock Position in Unum Group (NYSE:UNM)

Toronto Dominion Bank lessened its stake in shares of Unum Group (NYSE:UNM) by 10.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 199,374 shares of the financial services provider’s stock after selling 24,248 shares during the quarter. Toronto Dominion Bank owned about 0.10% of Unum Group worth $6,688,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of UNM. Hartford Financial Management Inc. bought a new position in Unum Group in the second quarter worth about $30,000. First Mercantile Trust Co. acquired a new position in shares of Unum Group during the 1st quarter worth approximately $46,000. Oakworth Capital Inc. raised its stake in shares of Unum Group by 597.6% during the 2nd quarter. Oakworth Capital Inc. now owns 1,751 shares of the financial services provider’s stock worth $59,000 after buying an additional 1,500 shares during the period. Atlas Capital Advisors LLC raised its stake in Unum Group by 743.8% in the 2nd quarter. Atlas Capital Advisors LLC now owns 2,464 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 2,172 shares during the last quarter. Finally, Pearl River Capital LLC acquired a new position in Unum Group in the 2nd quarter valued at $113,000. Hedge funds and other institutional investors own 95.57% of the company’s stock.

UNM stock traded down $0.21 during trading on Monday, reaching $29.56. 42,976 shares of the stock traded hands, compared to its average volume of 2,339,307. Unum Group has a 52-week low of $24.71 and a 52-week high of $40.76. The business’s 50 day moving average price is $27.92 and its 200-day moving average price is $33.03. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market capitalization of $6.12 billion, a PE ratio of 5.68, a P/E/G ratio of 0.60 and a beta of 1.56.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.02. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.99 billion. Unum Group had a return on equity of 12.90% and a net margin of 4.46%. Unum Group’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.30 earnings per share. On average, equities research analysts predict that Unum Group will post 5.45 earnings per share for the current year.

A number of analysts have issued reports on the company. Credit Suisse Group initiated coverage on Unum Group in a research note on Wednesday, July 10th. They issued an “underperform” rating for the company. Citigroup cut their price target on Unum Group from $37.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday. ValuEngine lowered Unum Group from a “sell” rating to a “strong sell” rating in a research report on Monday, July 29th. Morgan Stanley lowered their target price on Unum Group from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 20th. Finally, Zacks Investment Research upgraded Unum Group from a “sell” rating to a “hold” rating and set a $35.00 target price on the stock in a research note on Thursday, May 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Unum Group has an average rating of “Hold” and a consensus target price of $37.00.

Unum Group Company Profile

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

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