Unum Group (UNM) Stake Increased by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. increased its holdings in Unum Group (NYSE:UNM) by 418.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 45,905 shares of the financial services provider’s stock after purchasing an additional 37,057 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Unum Group were worth $2,520,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Unum Group by 1.4% in the second quarter. Vanguard Group Inc. now owns 24,407,058 shares of the financial services provider’s stock worth $1,138,102,000 after acquiring an additional 337,531 shares during the period. Ameriprise Financial Inc. lifted its stake in Unum Group by 7.5% in the second quarter. Ameriprise Financial Inc. now owns 4,216,005 shares of the financial services provider’s stock worth $196,593,000 after acquiring an additional 292,664 shares during the period. Dimensional Fund Advisors LP lifted its stake in Unum Group by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,288,709 shares of the financial services provider’s stock worth $153,356,000 after acquiring an additional 19,134 shares during the period. Bank of New York Mellon Corp lifted its stake in Unum Group by 21.2% in the third quarter. Bank of New York Mellon Corp now owns 2,944,398 shares of the financial services provider’s stock worth $150,548,000 after acquiring an additional 515,351 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in Unum Group by 8,280.8% in the second quarter. Janus Henderson Group PLC now owns 2,062,519 shares of the financial services provider’s stock worth $96,175,000 after acquiring an additional 2,037,909 shares during the period. 91.52% of the stock is owned by institutional investors.

In other news, CEO Timothy Gerald Arnold sold 1,000 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $55.07, for a total transaction of $55,070.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director E Michael Caulfield sold 3,814 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $52.42, for a total transaction of $199,929.88. The disclosure for this sale can be found here. Insiders sold 21,122 shares of company stock valued at $1,136,688 over the last quarter. 0.53% of the stock is currently owned by corporate insiders.

Unum Group (NYSE:UNM) opened at $57.52 on Thursday. The company has a market cap of $12,910.00, a PE ratio of 13.50, a price-to-earnings-growth ratio of 1.74 and a beta of 1.66. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.29. Unum Group has a fifty-two week low of $43.55 and a fifty-two week high of $57.85.

Unum Group (NYSE:UNM) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.05. The business had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.82 billion. Unum Group had a net margin of 8.67% and a return on equity of 10.37%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 earnings per share. equities analysts predict that Unum Group will post 4.23 EPS for the current fiscal year.

A number of analysts recently weighed in on UNM shares. Morgan Stanley upped their price objective on shares of Unum Group from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 5th. Zacks Investment Research raised shares of Unum Group from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Thursday, October 5th. SunTrust Banks reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Unum Group in a research note on Wednesday, September 27th. Goldman Sachs Group started coverage on shares of Unum Group in a research note on Wednesday, October 18th. They issued a “sell” rating and a $48.00 price objective for the company. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $53.00 price objective on shares of Unum Group in a research note on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $54.91.

ILLEGAL ACTIVITY WARNING: “Unum Group (UNM) Stake Increased by First Citizens Bank & Trust Co.” was originally published by Markets Daily and is the property of of Markets Daily. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://www.themarketsdaily.com/2018/01/11/unum-group-unm-stake-increased-by-first-citizens-bank-trust-co.html.

About Unum Group

Unum Group is a provider of financial protection benefits in the United States and the United Kingdom. The Company’s products include disability, life, accident, critical illness, dental and vision, and other related services. Its segments include Unum US, Unum UK, Colonial Life, Closed Block and Corporate.

Want to see what other hedge funds are holding UNM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unum Group (NYSE:UNM).

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

Receive News & Ratings for Unum Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unum Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply