HighVista Strategies LLC Buys Shares of 7,000 Unum Group (UNM)
HighVista Strategies LLC bought a new position in Unum Group (NYSE:UNM) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 7,000 shares of the financial services provider’s stock, valued at approximately $326,000.
Several other hedge funds have also recently modified their holdings of the business. Stifel Financial Corp lifted its holdings in shares of Unum Group by 34.9% in the 2nd quarter. Stifel Financial Corp now owns 35,631 shares of the financial services provider’s stock worth $1,660,000 after buying an additional 9,227 shares during the period. Veritable L.P. lifted its holdings in shares of Unum Group by 87.8% in the 2nd quarter. Veritable L.P. now owns 8,333 shares of the financial services provider’s stock worth $389,000 after buying an additional 3,896 shares during the period. Spears Abacus Advisors LLC purchased a new stake in shares of Unum Group in the 2nd quarter worth $425,000. OxFORD Asset Management LLP lifted its holdings in shares of Unum Group by 78.1% in the 2nd quarter. OxFORD Asset Management LLP now owns 79,032 shares of the financial services provider’s stock worth $3,685,000 after buying an additional 34,657 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Unum Group by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,288,709 shares of the financial services provider’s stock worth $153,356,000 after buying an additional 19,134 shares during the period. Institutional investors and hedge funds own 92.34% of the company’s stock.
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Unum Group (NYSE UNM) traded up 0.08% on Friday, hitting $51.13. The stock had a trading volume of 787,577 shares. The company has a market cap of $11.54 billion, a P/E ratio of 12.31 and a beta of 1.57. Unum Group has a 52-week low of $33.98 and a 52-week high of $51.43. The firm’s 50-day moving average is $48.82 and its 200-day moving average is $47.20.
Unum Group (NYSE:UNM) last released its earnings results on Thursday, July 27th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.04. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.80 billion. Unum Group had a return on equity of 10.23% and a net margin of 8.57%. During the same period last year, the business posted $1.00 earnings per share. Equities research analysts anticipate that Unum Group will post $4.17 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on UNM shares. Zacks Investment Research cut Unum Group from a “buy” rating to a “hold” rating in a report on Monday, September 4th. BidaskClub upgraded Unum Group from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, ValuEngine upgraded Unum Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, seven 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 a consensus rating of “Hold” and a consensus price target of $49.56.
In related news, Director Pamela H. Godwin sold 2,500 shares of Unum Group stock in a transaction on Monday, August 7th. The stock was sold at an average price of $50.71, for a total value of $126,775.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gloria C. Larson sold 2,460 shares of Unum Group stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $50.23, for a total value of $123,565.80. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.
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.
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