Hanson & Doremus Investment Management lifted its stake in Unum Group (NYSE:UNM) by 19.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,277 shares of the financial services provider’s stock after acquiring an additional 3,748 shares during the period. Hanson & Doremus Investment Management’s holdings in Unum Group were worth $679,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the stock. Mechanics Bank Trust Department acquired a new stake in Unum Group in the 3rd quarter valued at approximately $30,000. Stonebridge Capital Advisors LLC acquired a new stake in shares of Unum Group in the second quarter worth $35,000. Usca Ria LLC acquired a new stake in shares of Unum Group in the third quarter worth $36,000. CSat Investment Advisory L.P. increased its position in Unum Group by 55.8% during the second quarter. CSat Investment Advisory L.P. now owns 1,613 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 578 shares during the period. Finally, Boston Partners bought a new position in Unum Group during the second quarter worth $54,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.
Unum Group stock traded up $0.17 during trading hours on Thursday, hitting $29.01. The stock had a trading volume of 14,314 shares, compared to its average volume of 1,659,606. The company has a 50-day moving average of $29.48 and a two-hundred day moving average of $29.44. 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 company has a market cap of $5.95 billion, a PE ratio of 5.58, a price-to-earnings-growth ratio of 0.56 and a beta of 1.59. Unum Group has a fifty-two week low of $24.71 and a fifty-two week high of $38.29.
A number of analysts have weighed in on UNM shares. ValuEngine raised shares of Unum Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. DOWLING & PARTN restated a “buy” rating on shares of Unum Group in a research report on Monday, November 18th. Finally, Zacks Investment Research upgraded shares of Unum Group from a “sell” rating to a “hold” rating and set a $31.00 price objective on the stock in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $34.00.
About Unum Group
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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