Rampart Investment Management Company LLC decreased its position in Unum Group (NYSE:UNM) by 62.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,569 shares of the financial services provider’s stock after selling 7,487 shares during the quarter. Rampart Investment Management Company LLC’s holdings in Unum Group were worth $86,515,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Vident Investment Advisory LLC lifted its holdings in Unum Group by 3.1% in the second quarter. Vident Investment Advisory LLC now owns 64,390 shares of the financial services provider’s stock valued at $2,381,000 after acquiring an additional 1,910 shares during the period. Worldquant Millennium Quantitative Strategies LLC bought a new position in Unum Group in the second quarter valued at about $1,643,000. Aperio Group LLC lifted its holdings in Unum Group by 16.3% in the third quarter. Aperio Group LLC now owns 284,119 shares of the financial services provider’s stock valued at $11,101,000 after acquiring an additional 39,771 shares during the period. California Public Employees Retirement System lifted its holdings in Unum Group by 2.1% in the second quarter. California Public Employees Retirement System now owns 763,264 shares of the financial services provider’s stock valued at $28,233,000 after acquiring an additional 15,604 shares during the period. Finally, Nomura Holdings Inc. lifted its holdings in Unum Group by 31.9% in the second quarter. Nomura Holdings Inc. now owns 28,151 shares of the financial services provider’s stock valued at $1,042,000 after acquiring an additional 6,813 shares during the period. 90.36% of the stock is currently owned by institutional investors.
Shares of UNM opened at $29.12 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 6.79, a P/E/G ratio of 0.62 and a beta of 1.30. Unum Group has a 52 week low of $28.98 and a 52 week high of $58.73.
A number of research firms have weighed in on UNM. TheStreet downgraded Unum Group from a “b-” rating to a “c+” rating in a report on Wednesday, October 24th. Zacks Investment Research raised Unum Group from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Friday, October 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $53.08.
Unum Group 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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