Nomura Asset Management Co. Ltd. Purchases 11,452 Shares of Unum Group (NYSE:UNM)

Nomura Asset Management Co. Ltd. boosted its holdings in Unum Group (NYSE:UNM) by 29.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,335 shares of the financial services provider’s stock after buying an additional 11,452 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Unum Group were worth $1,703,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Prime Capital Investment Advisors LLC acquired a new stake in Unum Group in the 4th quarter valued at $25,000. CWM LLC grew its position in Unum Group by 68.3% in the 1st quarter. CWM LLC now owns 737 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 299 shares during the period. CSat Investment Advisory L.P. grew its position in Unum Group by 81.4% in the 4th quarter. CSat Investment Advisory L.P. now owns 1,288 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 578 shares during the period. Private Capital Group LLC grew its position in Unum Group by 194.2% in the 1st quarter. Private Capital Group LLC now owns 1,162 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 767 shares during the period. Finally, First Mercantile Trust Co. acquired a new stake in Unum Group in the 1st quarter valued at $46,000. Institutional investors and hedge funds own 91.35% of the company’s stock.

In related news, Director Gloria C. Larson sold 1,602 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $33.55, for a total value of $53,747.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.49% of the company’s stock.

A number of research firms have issued reports on UNM. Zacks Investment Research downgraded shares of Unum Group from a “hold” rating to a “sell” rating in a report on Thursday, May 23rd. TheStreet downgraded shares of Unum Group from a “b-” rating to a “c+” rating in a report on Thursday, June 6th. Finally, ValuEngine raised shares of Unum Group from a “strong sell” rating to a “sell” rating in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $45.00.

Shares of NYSE:UNM traded up $0.65 during midday trading on Friday, reaching $33.55. The company had a trading volume of 2,864,794 shares, compared to its average volume of 1,837,866. The stock has a 50 day simple moving average of $33.57. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a market capitalization of $6.97 billion, a PE ratio of 6.45, a P/E/G ratio of 0.67 and a beta of 1.53. Unum Group has a 52-week low of $26.76 and a 52-week high of $41.28.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.31 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.31. Unum Group had a net margin of 4.54% and a return on equity of 12.91%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the firm earned $1.24 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities research analysts forecast that Unum Group will post 5.44 earnings per share 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.

Read More: How Investors Use a Balance Sheet

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

Receive News & Ratings for Unum Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unum Group and related companies with MarketBeat.com's FREE daily email newsletter.