Axa Invests $12.80 Million in Unum Group (UNM) Stock
Axa acquired a new stake in Unum Group (NYSE:UNM) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 250,300 shares of the financial services provider’s stock, valued at approximately $12,797,000. Axa owned 0.11% of Unum Group as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC bought a new position in shares of Unum Group during the 3rd quarter worth about $669,000. Cambridge Financial Group Inc. boosted its position in shares of Unum Group by 1.2% during the 3rd quarter. Cambridge Financial Group Inc. now owns 122,273 shares of the financial services provider’s stock worth $6,252,000 after purchasing an additional 1,475 shares in the last quarter. Delphi Management Inc. MA bought a new position in shares of Unum Group during the 3rd quarter worth about $2,484,000. IFM Investors Pty Ltd bought a new position in shares of Unum Group during the 3rd quarter worth about $412,000. Finally, California Public Employees Retirement System boosted its position in shares of Unum Group by 3.7% during the 3rd quarter. California Public Employees Retirement System now owns 785,277 shares of the financial services provider’s stock worth $40,151,000 after purchasing an additional 27,791 shares in the last quarter. Institutional investors and hedge funds own 91.47% of the company’s stock.
Shares of Unum Group (NYSE UNM) opened at $54.80 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.17 and a quick ratio of 0.17. The company has a market cap of $12,164.13, a PE ratio of 13.03, a price-to-earnings-growth ratio of 1.84 and a beta of 1.66. Unum Group has a one year low of $43.55 and a one year high of $57.55.
In other Unum Group news, EVP Lisa G. Iglesias sold 8,459 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $54.83, for a total value of $463,806.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director E Michael Caulfield sold 3,814 shares of the 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. In the last quarter, insiders sold 21,122 shares of company stock valued at $1,136,688. Company insiders own 0.53% of the company’s stock.
A number of research firms have recently issued reports on UNM. Wells Fargo & Company set a $56.00 price objective on shares of Unum Group and gave the stock a “hold” rating in a research report on Wednesday, December 13th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $53.00 price objective on shares of Unum Group in a research report on Friday, November 10th. B. Riley raised shares of Unum Group from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $43.00 to $52.00 in a research report on Monday, November 6th. Royal Bank of Canada reissued a “hold” rating and set a $52.00 price objective on shares of Unum Group in a research report on Friday, October 27th. Finally, SunTrust Banks reissued a “buy” rating and set a $62.00 price objective on shares of Unum Group in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $54.00.
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Unum Group Company Profile
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.
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