Price T Rowe Associates Inc. MD Has $12.94 Million Stock Holdings in Unum Group (NYSE:UNM)

Price T Rowe Associates Inc. MD lessened its stake in Unum Group (NYSE:UNM) by 3.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 385,606 shares of the financial services provider’s stock after selling 14,719 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.18% of Unum Group worth $12,937,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in UNM. Bank of Nova Scotia increased its stake in Unum Group by 376.8% in the 2nd quarter. Bank of Nova Scotia now owns 3,369,146 shares of the financial services provider’s stock valued at $10,733,000 after buying an additional 2,662,577 shares during the period. Vanguard Group Inc. increased its stake in shares of Unum Group by 5.4% during the 2nd quarter. Vanguard Group Inc. now owns 23,945,430 shares of the financial services provider’s stock worth $803,370,000 after purchasing an additional 1,218,617 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Unum Group by 66.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,511,001 shares of the financial services provider’s stock worth $83,742,000 after purchasing an additional 1,004,924 shares during the last quarter. D. E. Shaw & Co. Inc. increased its stake in shares of Unum Group by 145.4% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,450,452 shares of the financial services provider’s stock worth $48,662,000 after purchasing an additional 859,388 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Unum Group by 84.4% during the 2nd quarter. Wells Fargo & Company MN now owns 1,088,211 shares of the financial services provider’s stock worth $36,510,000 after purchasing an additional 498,191 shares during the last quarter. Hedge funds and other institutional investors own 95.57% of the company’s stock.

Shares of UNM opened at $26.64 on Wednesday. The company’s fifty day moving average is $27.61 and its 200-day moving average is $32.05. Unum Group has a 12 month low of $24.71 and a 12 month high of $40.30. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 5.12, a price-to-earnings-growth ratio of 0.56 and a beta of 1.58. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.35.

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

Several research analysts have recently commented on UNM shares. Barclays set a $36.00 price target on shares of Unum Group and gave the stock a “buy” rating in a research note on Monday, August 12th. Citigroup dropped their price target on shares of Unum Group from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. ValuEngine upgraded shares of Unum Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Morgan Stanley dropped their price target on shares of 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, Credit Suisse Group started coverage on shares of Unum Group in a research note on Wednesday, July 10th. They set an “underperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $37.00.

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

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