Donald Smith buys $228,049,159 stake in Unum Group (UNM)

Unum Group (UNM) : Donald Smith scooped up 66,616 additional shares in Unum Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 6,775,079 shares of Unum Group which is valued at $228,049,159.Unum Group makes up approximately 5.96% of Donald Smith’s portfolio.

Other Hedge Funds, Including , Scout Investments added UNM to its portfolio by purchasing 747,423 company shares during the most recent quarter which is valued at $25,158,258. Unum Group makes up approx 0.69% of Scout Investments’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in UNM in the latest quarter, The investment management firm added 2,904 additional shares and now holds a total of 35,481 shares of Unum Group which is valued at $1,194,290. Unum Group makes up approx 0.03% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Asset Dedication reduced its stake in UNM by selling 96 shares or 87.27% in the most recent quarter. The Hedge Fund company now holds 14 shares of UNM which is valued at $479.Bnp Paribas Arbitrage Sa boosted its stake in UNM in the latest quarter, The investment management firm added 54,414 additional shares and now holds a total of 105,405 shares of Unum Group which is valued at $3,575,338. Unum Group makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

Unum Group opened for trading at $33.63 and hit $34.12 on the upside on Tuesday, eventually ending the session at $34, with a gain of 1.52% or 0.51 points. The heightened volatility saw the trading volume jump to 13,84,493 shares. Company has a market cap of $8,084 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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