Unum Group (UNM) Trading Down 5.4%

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Unum Group (NYSE:UNM) was down 5.4% during mid-day trading on Thursday . The company traded as low as $36.88 and last traded at $36.91. Approximately 2,964,012 shares were traded during trading, an increase of 52% from the average daily volume of 1,955,286 shares. The stock had previously closed at $39.00.

A number of equities research analysts recently issued reports on UNM shares. Zacks Investment Research raised Unum Group from a “sell” rating to a “hold” rating in a research report on Thursday, June 21st. Barclays reduced their price target on Unum Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a research report on Monday, July 9th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $52.69.

The company has a debt-to-equity ratio of 0.32, a current ratio of 0.18 and a quick ratio of 0.18. The company has a market capitalization of $8.54 billion, a price-to-earnings ratio of 8.70, a price-to-earnings-growth ratio of 0.85 and a beta of 1.36.

Unum Group (NYSE:UNM) last released its earnings results on Monday, July 30th. The financial services provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.03. Unum Group had a return on equity of 11.19% and a net margin of 9.42%. The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the prior year, the company earned $1.05 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, equities analysts forecast that Unum Group will post 5.11 EPS for the current fiscal year.

In other Unum Group news, EVP Breege A. Farrell sold 7,500 shares of the company’s stock in a transaction on Tuesday, July 31st. The stock was 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 this hyperlink. 0.40% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. lifted its stake in Unum Group by 4.2% during the first quarter. Nomura Asset Management Co. Ltd. now owns 36,450 shares of the financial services provider’s stock worth $1,736,000 after purchasing an additional 1,463 shares during the last quarter. LS Investment Advisors LLC lifted its stake in Unum Group by 13.1% during the second quarter. LS Investment Advisors LLC now owns 13,902 shares of the financial services provider’s stock worth $514,000 after purchasing an additional 1,607 shares during the last quarter. Signaturefd LLC lifted its stake in Unum Group by 95.1% during the second quarter. Signaturefd LLC now owns 3,313 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 1,615 shares during the last quarter. Montecito Bank & Trust lifted its stake in shares of 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 acquiring an additional 1,745 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in shares of 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 acquiring an additional 1,803 shares during the last quarter. Hedge funds and other institutional investors own 91.19% of the company’s stock.

About Unum Group (NYSE:UNM)

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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