Wedge Capital Management L L P NC Has $30.94 Million Position in Unum Group (NYSE:UNM)

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Wedge Capital Management L L P NC raised its holdings in shares of Unum Group (NYSE:UNM) by 5.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,060,908 shares of the financial services provider’s stock after buying an additional 57,412 shares during the period. Wedge Capital Management L L P NC’s holdings in Unum Group were worth $30,936,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in UNM. Hartford Investment Management Co. increased its stake in Unum Group by 1.5% in the 3rd quarter. Hartford Investment Management Co. now owns 27,707 shares of the financial services provider’s stock valued at $823,000 after buying an additional 416 shares during the last quarter. CSat Investment Advisory L.P. raised its stake in shares of Unum Group by 55.8% in the second quarter. CSat Investment Advisory L.P. now owns 1,613 shares of the financial services provider’s stock valued at $54,000 after buying an additional 578 shares during the period. Penserra Capital Management LLC raised its stake in shares of Unum Group by 16.8% in the third quarter. Penserra Capital Management LLC now owns 4,536 shares of the financial services provider’s stock valued at $134,000 after buying an additional 651 shares during the period. World Asset Management Inc lifted its position in shares of Unum Group by 5.3% during the 3rd quarter. World Asset Management Inc now owns 16,312 shares of the financial services provider’s stock valued at $485,000 after buying an additional 823 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of Unum Group by 33.8% during the 3rd quarter. Signaturefd LLC now owns 3,508 shares of the financial services provider’s stock valued at $104,000 after buying an additional 886 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Unum Group from a “sell” rating to a “hold” rating and set a $31.00 price objective for the company in a report on Wednesday, December 11th. ValuEngine upgraded Unum Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, DOWLING & PARTN reaffirmed a “buy” rating on shares of Unum Group in a report on Monday, November 18th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $34.00.

Shares of UNM stock opened at $28.57 on Thursday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.32. The firm has a market cap of $5.95 billion, a P/E ratio of 5.49, a price-to-earnings-growth ratio of 0.56 and a beta of 1.59. The business has a 50-day moving average price of $29.48 and a two-hundred day moving average price of $29.44. Unum Group has a 12-month low of $24.71 and a 12-month high of $38.29.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). Unum Group had a return on equity of 12.31% and a net margin of 8.89%. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter in the previous year, the business earned $1.37 EPS. Unum Group’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, research analysts expect that Unum Group will post 5.41 EPS for the current fiscal year.

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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