Dekabank Deutsche Girozentrale buys $40.5 Million stake in Unum Group (UNM)

Unum Group (UNM) : Dekabank Deutsche Girozentrale scooped up 442,496 additional shares in Unum Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,205,437 shares of Unum Group which is valued at $40.5 Million.Unum Group makes up approximately 0.48% of Dekabank Deutsche Girozentrale’s portfolio.

Other Hedge Funds, Including , Allianz Asset Management Ag boosted its stake in UNM in the latest quarter, The investment management firm added 201,911 additional shares and now holds a total of 521,940 shares of Unum Group which is valued at $17.5 Million. Unum Group makes up approx 0.02% of Allianz Asset Management Ag’s portfolio.Hanson Doremus Investment Management reduced its stake in UNM by selling 90 shares or 0.51% in the most recent quarter. The Hedge Fund company now holds 17,552 shares of UNM which is valued at $590,098. Unum Group makes up approx 0.27% of Hanson Doremus Investment Management’s portfolio.Jefferies Group boosted its stake in UNM in the latest quarter, The investment management firm added 33,004 additional shares and now holds a total of 58,659 shares of Unum Group which is valued at $2 Million. Unum Group makes up approx 0.07% of Jefferies Group’s portfolio.Cornerstone Capital Management Holdings. boosted its stake in UNM in the latest quarter, The investment management firm added 23,816 additional shares and now holds a total of 77,079 shares of Unum Group which is valued at $2.6 Million. Unum Group makes up approx 0.02% of Cornerstone Capital Management Holdings.’s portfolio.Blackrock Group Ltd reduced its stake in UNM by selling 32,142 shares or 1.27% in the most recent quarter. The Hedge Fund company now holds 2,499,528 shares of UNM which is valued at $84 Million. Unum Group makes up approx 0.05% of Blackrock Group Ltd’s portfolio.

Unum Group opened for trading at $36.32 and hit $36.79 on the upside on Wednesday, eventually ending the session at $36.52, with a gain of 1.05% or 0.38 points. The heightened volatility saw the trading volume jump to 14,36,169 shares. Company has a market cap of $8,683 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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