Sentinel Trust Co Lba Lowers stake in Unum Group (UNM)

Unum Group (UNM) : Sentinel Trust Co Lba reduced its stake in Unum Group by 4.63% during the most recent quarter end. The investment management company now holds a total of 200,517 shares of Unum Group which is valued at $6,476,699 after selling 9,733 shares in Unum Group , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.Unum Group makes up approximately 0.90% of Sentinel Trust Co Lba’s portfolio.

Other Hedge Funds, Including , Verde Servicos Internacionais S.a. reduced its stake in UNM by selling 161,880 shares or 14.61% in the most recent quarter. The Hedge Fund company now holds 946,456 shares of UNM which is valued at $30,570,529. Unum Group makes up approx 2.55% of Verde Servicos Internacionais S.a.’s portfolio.Cornerstone Investment Partners reduced its stake in UNM by selling 5,188 shares or 9.92% in the most recent quarter. The Hedge Fund company now holds 47,087 shares of UNM which is valued at $1,501,604. Unum Group makes up approx 0.05% of Cornerstone Investment Partners’s portfolio.

Unum Group opened for trading at $32.31 and hit $32.42 on the upside on Wednesday, eventually ending the session at $32.3, with a gain of 0.44% or 0.14 points. The heightened volatility saw the trading volume jump to 14,12,237 shares. Company has a market cap of $7,680 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. 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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