Nwq Investment Management Company buys $193.5 Million stake in Unum Group (UNM)

Unum Group (UNM) : Nwq Investment Management Company scooped up 605,524 additional shares in Unum Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 5,754,193 shares of Unum Group which is valued at $193.5 Million.Unum Group makes up approximately 3.07% of Nwq Investment Management Company’s portfolio.

Other Hedge Funds, Including , Paradigm Asset Management Co reduced its stake in UNM by selling 4,800 shares or 10.67% in the most recent quarter. The Hedge Fund company now holds 40,200 shares of UNM which is valued at $1.4 Million. Unum Group makes up approx 0.25% of Paradigm Asset Management Co’s portfolio.Ls Investment Advisors boosted its stake in UNM in the latest quarter, The investment management firm added 180 additional shares and now holds a total of 12,861 shares of Unum Group which is valued at $432,387. Unum Group makes up approx 0.03% of Ls Investment Advisors’s portfolio.Neuberger Berman Group reduced its stake in UNM by selling 604,430 shares or 17.48% in the most recent quarter. The Hedge Fund company now holds 2,853,773 shares of UNM which is valued at $96.1 Million. Unum Group makes up approx 0.13% of Neuberger Berman Group’s portfolio.State Of Wisconsin Investment Board reduced its stake in UNM by selling 7,360 shares or 3.98% in the most recent quarter. The Hedge Fund company now holds 177,381 shares of UNM which is valued at $6 Million. Unum Group makes up approx 0.02% of State Of Wisconsin Investment Board’s portfolio.Grace White Inc Ny boosted its stake in UNM in the latest quarter, The investment management firm added 52,904 additional shares and now holds a total of 629,505 shares of Unum Group which is valued at $21.5 Million. Unum Group makes up approx 4.69% of Grace White Inc Ny’s portfolio.

Unum Group opened for trading at $35.32 and hit $35.71 on the upside on Friday, eventually ending the session at $35.46, with a gain of 1.03% or 0.36 points. The heightened volatility saw the trading volume jump to 17,09,436 shares. Company has a market cap of $8,431 M.

On the company’s financial health, Unum Group reported $0.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.91. The company had revenue of $2725.40 million for the quarter, compared to analysts expectations of $2724.47 million. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS.

Many Wall Street Analysts have commented on Unum Group. Company shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 39 from a previous price target of $38 .Company shares were Reiterated by Barclays on Apr 28, 2016 to “Overweight”, Firm has raised the Price Target to $ 41 from a previous price target of $35 .

Unum Group is a provider of disability insurance products in the United States and the United Kingdom. The Company’s business segments: Unum US Unum UK Colonial Life Closed Block and Corporate. Unum US includes group long-term and short-term disability insurance group life and accidental death and dismemberment products and supplemental and voluntary lines of business. Unum UK includes insurance for group long-term disability group life and lines of business which include individual disability and critical illness products. Colonial Life includes insurance for accident sickness and disability products life products and cancer and critical illness products to employees. The Company’s Closed Block segment consists of individual disability group and individual long-term care and other insurance products no longer actively marketed. Its Corporate segment includes investment income on corporate assets not specifically allocated to a line of business.

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