Agf Investments buys $74,897,826 stake in Unum Group (UNM)

Unum Group (UNM) : Agf Investments scooped up 337,082 additional shares in Unum Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 2,231,094 shares of Unum Group which is valued at $74,897,826.Unum Group makes up approximately 0.82% of Agf Investments’s portfolio.

Other Hedge Funds, Including , Aberdeen Asset Management Plcuk reduced its stake in UNM by selling 923 shares or 1.02% in the most recent quarter. The Hedge Fund company now holds 89,878 shares of UNM which is valued at $3,017,204. Unum Group makes up approx 0.01% of Aberdeen Asset Management Plcuk’s portfolio. Herndon Capital Management added UNM to its portfolio by purchasing 22 company shares during the most recent quarter which is valued at $735.Old Mutual Global Investors (uk) Ltd. boosted its stake in UNM in the latest quarter, The investment management firm added 232,733 additional shares and now holds a total of 415,965 shares of Unum Group which is valued at $13,481,426. Unum Group makes up approx 0.24% of Old Mutual Global Investors (uk) Ltd.’s portfolio.Cibc World Markets reduced its stake in UNM by selling 16,647 shares or 50.63% in the most recent quarter. The Hedge Fund company now holds 16,232 shares of UNM which is valued at $526,079.

Unum Group closed down -0.62 points or -1.85% at $32.95 with 19,59,442 shares getting traded on Thursday. Post opening the session at $33.41, the shares hit an intraday low of $32.64 and an intraday high of $33.45 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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 Downgraded by Goldman to ” Sell” on Jul 15, 2016. FBR Capital Downgraded Unum Group on Jul 11, 2016 to ” Underperform”, Price Target of the shares are set at $31.Unum Group was Downgraded by BofA/Merrill to ” Underperform” on Jun 29, 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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