November 28, 2016 - By Nellie Frank · 0 Comments
Unum Group (NYSE:UNM) institutional sentiment decreased to 0.81 in 2016 Q2. Its down -0.32, from 1.13 in 2016Q1. The ratio has dropped, as 194 funds opened new or increased positions, while 171 sold and decreased stock positions in Unum Group. The funds in our partner’s database reported: 215.33 million shares, down from 225.76 million shares in 2016Q1. Also, the number of funds holding Unum Group in their top 10 positions decreased from 5 to 4 for a decrease of 1. Sold All: 23 Reduced: 148 Increased: 138 New Position: 56.
Unum Group is a provider of disability insurance products in the United States and the United Kingdom. The company has a market cap of $9.76 billion. The Firm provides a portfolio of other insurance products, including employer and employee paid group benefits, life insurance and other related services. It has a 11.07 P/E ratio. The Company’s divisions are Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
About 1.21 million shares traded hands. Unum Group (NYSE:UNM) has risen 27.61% since April 25, 2016 and is uptrending. It has outperformed by 21.60% the S&P500.
Analysts await Unum Group (NYSE:UNM) to report earnings on February, 7. They expect $0.97 earnings per share, up 2.11% or $0.02 from last year’s $0.95 per share. UNM’s profit will be $224.34M for 10.88 P/E if the $0.97 EPS becomes a reality. After $0.99 actual earnings per share reported by Unum Group for the previous quarter, Wall Street now forecasts -2.02% negative EPS growth.
According to Zacks Investment Research, “UnumProvident is the industry leader in disability income protection and one of the top providers of supplemental benefits in the nation. The company’s subsidiaries offer comprehensive insurance solutions to help protect against the financial effects of accident, illness or death. Below are the countries in which we operate, and the companies that offer products in each country.”
Donald Smith & Co. Inc. holds 5.84% of its portfolio in Unum Group for 6.80 million shares. Grace & White Inc Ny owns 624,505 shares or 4.48% of their US portfolio. Moreover, Mcclain Value Management Llc has 4.32% invested in the company for 159,504 shares. The Washington-based Washington Capital Management Inc has invested 3.29% in the stock. Nwq Investment Management Company Llc, a California-based fund reported 4.92 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 3 selling transactions for $2.36 million net activity.
Ratings analysis reveals 43% of Unum Group’s analysts are positive. Out of 7 Wall Street analysts rating Unum Group, 3 give it “Buy”, 2 “Sell” rating, while 2 recommend “Hold”. The lowest target is $30 while the high is $43. The stock’s average target of $36.67 is -13.10% below today’s ($42.2) share price. UNM was included in 15 notes of analysts from July 30, 2015. The rating was downgraded by Goldman Sachs to “Sell” on Friday, July 15. The stock has “Market Perform” rating given by Wells Fargo on Friday, September 23. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, July 30. The firm earned “Neutral” rating on Friday, October 7 by Credit Suisse. The stock has “Outperform” rating given by RBC Capital Markets on Thursday, April 28. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, February 3 report. Bank of America downgraded the stock to “Neutral” rating in Thursday, December 3 report. RBC Capital Markets maintained Unum Group (NYSE:UNM) rating on Tuesday, November 15. RBC Capital Markets has “Outperform” rating and $43 price target. Deutsche Bank maintained Unum Group (NYSE:UNM) on Friday, July 31 with “Hold” rating. The firm has “Underperform” rating by Bank of America given on Wednesday, June 29.
Unum Group, incorporated on March 22, 1995, is a well-known provider of disability insurance products in the United States and the United Kingdom. The Firm also provides a portfolio of other insurance products, including employer and employee paid group benefits, life insurance and other related services. The Company’s divisions are Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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By Nellie Frank