At Bancorp Lowers stake in Unum Group (UNM)

Unum Group (UNM) : At Bancorp reduced its stake in Unum Group by 26.59% during the most recent quarter end. The investment management company now holds a total of 95,471 shares of Unum Group which is valued at $3,441,730 after selling 34,572 shares in Unum Group , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Unum Group makes up approximately 0.48% of At Bancorp’s portfolio.

Other Hedge Funds, Including , Legacy Private Trust boosted its stake in UNM in the latest quarter, The investment management firm added 6,884 additional shares and now holds a total of 24,164 shares of Unum Group which is valued at $885,369. Unum Group makes up approx 0.12% of Legacy Private Trust’s portfolio.Patten Patten Inctn boosted its stake in UNM in the latest quarter, The investment management firm added 110 additional shares and now holds a total of 140,919 shares of Unum Group which is valued at $5,163,272. Unum Group makes up approx 0.67% of Patten Patten Inctn’s portfolio. Carroll Financial Associates added UNM to its portfolio by purchasing 1,450 company shares during the most recent quarter which is valued at $52,998. Unum Group makes up approx 0.01% of Carroll Financial Associates’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in UNM by selling 23,835 shares or 43.66% in the most recent quarter. The Hedge Fund company now holds 30,755 shares of UNM which is valued at $1,119,790.

Unum Group opened for trading at $36.49 and hit $36.89 on the upside on Tuesday, eventually ending the session at $36.64, with a gain of 0.25% or 0.09 points. The heightened volatility saw the trading volume jump to 22,67,793 shares. Company has a market cap of $8,597 M.

On the company’s financial health, Unum Group reported $1.00 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.94. The company had revenue of $2761.30 million for the quarter, compared to analysts expectations of $2746.99 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS.

Many Wall Street Analysts have commented on Unum Group. Unum Group was Initiated by Credit Suisse to “Neutral” on Oct 7, 2016. Unum Group was Initiated by Wells Fargo to “Market Perform” on Sep 23, 2016.

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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