Meiji Yasuda Asset Management Co Ltd. Acquires 1,170 Shares of Unum Group (UNM)

Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Unum Group (NYSE:UNM) by 10.6% during the first quarter, Holdings Channel reports. The firm owned 12,183 shares of the financial services provider’s stock after buying an additional 1,170 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Unum Group were worth $571,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UNM. Russell Investments Group Ltd. acquired a new position in Unum Group during the fourth quarter worth $3,258,000. Cadence Capital Management LLC increased its position in Unum Group by 9.3% in the fourth quarter. Cadence Capital Management LLC now owns 6,809 shares of the financial services provider’s stock worth $299,000 after buying an additional 580 shares during the period. Aberdeen Asset Management PLC UK increased its position in Unum Group by 24.9% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 110,860 shares of the financial services provider’s stock worth $4,870,000 after buying an additional 22,108 shares during the period. Federated Investors Inc. PA increased its position in Unum Group by 217,300.0% in the fourth quarter. Federated Investors Inc. PA now owns 4,348 shares of the financial services provider’s stock worth $191,000 after buying an additional 4,346 shares during the period. Finally, Keybank National Association OH increased its position in Unum Group by 3.2% in the fourth quarter. Keybank National Association OH now owns 23,040 shares of the financial services provider’s stock worth $1,012,000 after buying an additional 704 shares during the period. 93.20% of the stock is owned by institutional investors and hedge funds.

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

Shares of Unum Group (UNM) traded down 1.13% during mid-day trading on Tuesday, reaching $47.36. 419,962 shares of the company’s stock were exchanged. The company has a market cap of $10.81 billion, a PE ratio of 11.63 and a beta of 1.49. The company’s 50-day moving average price is $45.96 and its 200 day moving average price is $46.05. Unum Group has a 52-week low of $29.79 and a 52-week high of $50.27.

Unum Group (NYSE:UNM) last posted its earnings results on Wednesday, April 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.02. Unum Group had a net margin of 8.54% and a return on equity of 10.23%. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the prior year, the business posted $0.94 EPS. The business’s revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts predict that Unum Group will post $4.10 EPS for the current year.

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UNM has been the subject of a number of analyst reports. Citigroup Inc. downgraded shares of Unum Group from a “buy” rating to a “neutral” rating and set a $53.00 target price for the company. in a research report on Monday, March 13th. Deutsche Bank AG raised their target price on shares of Unum Group from $46.00 to $48.00 and gave the company a “hold” rating in a research report on Wednesday, April 19th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $50.00 target price on shares of Unum Group in a research report on Friday, April 28th. Finally, BidaskClub raised shares of Unum Group from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. Unum Group currently has a consensus rating of “Hold” and an average target price of $43.55.

In other news, EVP Michael Q. Simonds sold 5,000 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $46.61, for a total value of $233,050.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.53% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “UNM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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).

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