Vigilant Capital Management LLC lowered its position in Unum Group (NYSE:UNM) by 73.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,553 shares of the financial services provider’s stock after selling 4,276 shares during the period. Vigilant Capital Management LLC’s holdings in Unum Group were worth $53,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. grew its holdings in Unum Group by 21.5% during the fourth quarter. BlackRock Inc. now owns 19,837,098 shares of the financial services provider’s stock valued at $582,815,000 after purchasing an additional 3,516,140 shares during the period. Norges Bank bought a new position in shares of Unum Group in the fourth quarter worth about $70,966,000. Oregon Public Employees Retirement Fund boosted its stake in shares of Unum Group by 3,369.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,096,410 shares of the financial services provider’s stock worth $71,000 after acquiring an additional 2,035,983 shares during the period. Prudential Financial Inc. boosted its stake in shares of Unum Group by 249.9% in the fourth quarter. Prudential Financial Inc. now owns 2,515,315 shares of the financial services provider’s stock worth $73,900,000 after acquiring an additional 1,796,405 shares during the period. Finally, Calamos Advisors LLC bought a new position in shares of Unum Group in the fourth quarter worth about $20,566,000. 92.47% of the stock is owned by institutional investors.
NYSE UNM opened at $35.38 on Thursday. Unum Group has a one year low of $26.76 and a one year high of $49.33. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $7.45 billion, a PE ratio of 6.80, a price-to-earnings-growth ratio of 0.70 and a beta of 1.46.
A number of research firms recently commented on UNM. TheStreet upgraded Unum Group from a “c+” rating to a “b” rating in a research report on Friday, March 8th. JPMorgan Chase & Co. decreased their price objective on Unum Group from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 2nd. Finally, Zacks Investment Research downgraded Unum Group from a “buy” rating to a “hold” rating in a research report on Monday, December 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. Unum Group currently has an average rating of “Hold” and an average price target of $51.70.
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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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