Grace White Inc Ny Lowers stake in Unum Group (UNM)

Unum Group (UNM) : Grace White Inc Ny reduced its stake in Unum Group by 0.79% during the most recent quarter end. The investment management company now holds a total of 624,505 shares of Unum Group which is valued at $20,908,427 after selling 5,000 shares in Unum Group , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Unum Group makes up approximately 4.59% of Grace White Inc Ny’s portfolio.

Other Hedge Funds, Including , Global X Management Co boosted its stake in UNM in the latest quarter, The investment management firm added 577 additional shares and now holds a total of 2,594 shares of Unum Group which is valued at $87,703. Achievement Holdings sold out all of its stake in UNM during the most recent quarter. The investment firm sold 15,600 shares of UNM which is valued $504,036.American Century Companies Inc boosted its stake in UNM in the latest quarter, The investment management firm added 1,455,618 additional shares and now holds a total of 5,279,960 shares of Unum Group which is valued at $170,595,508. Unum Group makes up approx 0.19% of American Century Companies Inc’s portfolio.

Unum Group opened for trading at $33.88 and hit $34.58 on the upside on Friday, eventually ending the session at $34.49, with a gain of 1.38% or 0.47 points. The heightened volatility saw the trading volume jump to 15,47,114 shares. Company has a market cap of $8,093 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 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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