Stifel Financial Corp trimmed its position in Unum Group (NYSE:UNM) by 15.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,252 shares of the financial services provider’s stock after selling 5,379 shares during the period. Stifel Financial Corp’s holdings in Unum Group were worth $1,551,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. BB&T Investment Services Inc. purchased a new stake in shares of Unum Group in the 2nd quarter worth about $100,000. Jacobi Capital Management LLC purchased a new stake in shares of Unum Group in the 2nd quarter worth about $159,000. Keel Point LLC purchased a new stake in shares of Unum Group in the 3rd quarter worth about $202,000. Schulhoff & Co. Inc. purchased a new stake in shares of Unum Group in the 3rd quarter worth about $204,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of Unum Group in the 3rd quarter worth about $205,000. Hedge funds and other institutional investors own 91.47% of the company’s stock.
In related news, Director E Michael Caulfield sold 3,814 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $52.42, for a total value of $199,929.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy Gerald Arnold sold 1,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $55.07, for a total transaction of $55,070.00. The disclosure for this sale can be found here. Insiders sold a total of 21,122 shares of company stock valued at $1,136,688 in the last three months. 0.53% of the stock is currently owned by corporate insiders.
Unum Group (NYSE:UNM) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share for the quarter, beating the 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 firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the company posted $1.01 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. equities analysts expect that Unum Group will post 4.21 earnings per share for the current fiscal year.
UNM has been the topic of several recent research reports. Zacks Investment Research lowered shares of Unum Group from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. Morgan Stanley boosted their price objective on shares of Unum Group from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. SunTrust Banks reiterated a “buy” rating and issued a $58.00 price objective on shares of Unum Group in a research report on Wednesday, September 27th. Goldman Sachs Group initiated coverage on shares of Unum Group in a research report on Wednesday, October 18th. They issued a “sell” rating and a $48.00 price objective on the stock. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $53.00 price objective on shares of Unum Group in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $54.00.
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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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