California State Teachers Retirement System Sells 37,754 Shares of Unum Group (UNM)

California State Teachers Retirement System reduced its holdings in shares of Unum Group (NYSE:UNM) by 8.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 396,104 shares of the financial services provider’s stock after selling 37,754 shares during the period. California State Teachers Retirement System owned about 0.18% of Unum Group worth $20,253,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of UNM. Gotham Asset Management LLC boosted its position in Unum Group by 0.8% in the second quarter. Gotham Asset Management LLC now owns 4,475 shares of the financial services provider’s stock valued at $209,000 after buying an additional 35 shares in the last quarter. Quantum Capital Management boosted its position in Unum Group by 0.4% in the second quarter. Quantum Capital Management now owns 15,174 shares of the financial services provider’s stock valued at $708,000 after buying an additional 54 shares in the last quarter. Newman Dignan & Sheerar Inc. boosted its position in Unum Group by 0.6% in the second quarter. Newman Dignan & Sheerar Inc. now owns 15,954 shares of the financial services provider’s stock valued at $744,000 after buying an additional 100 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in Unum Group by 2.1% in the second quarter. Ameritas Investment Partners Inc. now owns 5,386 shares of the financial services provider’s stock valued at $251,000 after buying an additional 113 shares in the last quarter. Finally, Stanley Laman Group Ltd. boosted its position in Unum Group by 1.4% in the second quarter. Stanley Laman Group Ltd. now owns 12,131 shares of the financial services provider’s stock valued at $566,000 after buying an additional 171 shares in the last quarter. Institutional investors and hedge funds own 91.47% of the company’s stock.

In other news, CEO Timothy Gerald Arnold sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $55.07, for a total transaction of $55,070.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director E Michael Caulfield sold 3,814 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $52.42, for a total transaction of $199,929.88. The disclosure for this sale can be found here. Insiders have sold 21,122 shares of company stock worth $1,136,688 over the last quarter. 0.53% of the stock is owned by company insiders.

A number of equities analysts have commented on UNM shares. Zacks Investment Research upgraded shares of Unum Group from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Wednesday, September 6th. SunTrust Banks restated a “buy” rating and issued a $58.00 price target on shares of Unum Group in a research report on Wednesday, September 27th. Finally, Morgan Stanley boosted their price target on shares of Unum Group from $52.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $54.00.

Unum Group (NYSE:UNM) opened at $54.21 on Wednesday. Unum Group has a 12-month low of $43.55 and a 12-month high of $57.55. The stock has a market cap of $12,123.74, a P/E ratio of 12.99, a PEG ratio of 1.83 and a beta of 1.66. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.17 and a current ratio of 0.17.

Unum Group (NYSE:UNM) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.05. Unum Group had a net margin of 8.67% and a return on equity of 10.37%. The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period in the prior year, the business earned $1.01 earnings per share. Unum Group’s quarterly revenue was up 2.0% on a year-over-year basis. research analysts anticipate that Unum Group will post 4.21 EPS for the current fiscal year.

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

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