Schroder Investment Management Group Acquires 540,570 Shares of Unum Group (UNM)

Schroder Investment Management Group raised its holdings in Unum Group (NYSE:UNM) by 38.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,961,069 shares of the financial services provider’s stock after purchasing an additional 540,570 shares during the quarter. Schroder Investment Management Group owned 0.90% of Unum Group worth $72,442,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of UNM. Federated Investors Inc. PA boosted its holdings in Unum Group by 144.9% in the first quarter. Federated Investors Inc. PA now owns 9,848 shares of the financial services provider’s stock valued at $469,000 after purchasing an additional 5,826 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Unum Group by 4.3% in the first quarter. Russell Investments Group Ltd. now owns 333,430 shares of the financial services provider’s stock valued at $15,858,000 after purchasing an additional 13,630 shares during the last quarter. Sei Investments Co. raised its position in shares of Unum Group by 3.1% in the first quarter. Sei Investments Co. now owns 164,912 shares of the financial services provider’s stock worth $7,851,000 after acquiring an additional 4,959 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Unum Group in the first quarter worth about $222,000. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of Unum Group by 4.2% in the first quarter. Nomura Asset Management Co. Ltd. now owns 36,450 shares of the financial services provider’s stock worth $1,736,000 after acquiring an additional 1,463 shares during the period. 91.19% of the stock is currently owned by institutional investors.

In related news, EVP Breege A. Farrell sold 7,500 shares of the company’s stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $40.66, for a total transaction of $304,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is owned by corporate insiders.

Shares of Unum Group stock opened at $39.42 on Monday. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 0.85 and a beta of 1.36. Unum Group has a fifty-two week low of $34.57 and a fifty-two week high of $58.73. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.18 and a quick ratio of 0.18.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Monday, July 30th. The financial services provider reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.90 billion. Unum Group had a net margin of 9.42% and a return on equity of 11.19%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 earnings per share. On average, sell-side analysts predict that Unum Group will post 5.11 earnings per share for the current year.

A number of brokerages have weighed in on UNM. Citigroup set a $44.00 price objective on shares of Unum Group and gave the stock a “hold” rating in a research report on Tuesday, June 12th. Zacks Investment Research upgraded shares of Unum Group from a “sell” rating to a “hold” rating in a research report on Wednesday, June 13th. Finally, Barclays decreased their price objective on shares of Unum Group from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Monday, July 9th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. Unum Group presently has an average rating of “Hold” and an average target price of $53.31.

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

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