As Bristol Myers Squibb Co (Call) (BMY) Valuation Declined, Citigroup Has Upped Stake; Unum Group (UNM) Holder Mount Lucas Management LP Decreased Its Stake

January 18, 2018 - By wolcottdaily

Mount Lucas Management Lp decreased its stake in Unum Group (UNM) by 14.15% based on its latest 2017Q3 regulatory filing with the SEC. Mount Lucas Management Lp sold 64,735 shares as the company’s stock declined 6.23% while stock markets rallied. The institutional investor held 392,818 shares of the accident &health insurance company at the end of 2017Q3, valued at $20.09 million, down from 457,553 at the end of the previous reported quarter. Mount Lucas Management Lp who had been investing in Unum Group for a number of months, seems to be less bullish one the $12.65B market cap company. The stock increased 0.05% or $0.03 during the last trading session, reaching $56.38. About 414,201 shares traded. Unum Group (NYSE:UNM) has risen 29.60% since January 18, 2017 and is uptrending. It has outperformed by 12.90% the S&P500.

Citigroup Inc increased its stake in Bristol Myers Squibb Co (Call) (BMY) by 30.22% based on its latest 2017Q3 regulatory filing with the SEC. Citigroup Inc bought 434,600 shares as the company’s stock declined 1.04% while stock markets rallied. The institutional investor held 1.87 million shares of the major pharmaceuticals company at the end of 2017Q3, valued at $119.36M, up from 1.44M at the end of the previous reported quarter. Citigroup Inc who had been investing in Bristol Myers Squibb Co (Call) for a number of months, seems to be bullish on the $100.33B market cap company. The stock decreased 0.89% or $0.55 during the last trading session, reaching $61.3. About 3.22 million shares traded. Bristol-Myers Squibb Company (NYSE:BMY) has declined 23.19% since January 18, 2017 and is downtrending. It has underperformed by 39.89% the S&P500.

Investors sentiment increased to 1.03 in Q3 2017. Its up 0.08, from 0.95 in 2017Q2. It is positive, as 62 investors sold BMY shares while 519 reduced holdings. 137 funds opened positions while 460 raised stakes. 1.11 billion shares or 0.68% more from 1.10 billion shares in 2017Q2 were reported. Wilkins Inv Counsel reported 4,261 shares. Headinvest Ltd Liability holds 0.25% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY) for 12,775 shares. Chicago Equity Ptnrs Limited Liability Com reported 3,710 shares or 0.01% of all its holdings. Rnc Management Ltd Llc reported 4.04% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY). 17,025 were reported by Tru Investment Advsr. Freestone Capital Ltd Limited Liability Company reported 0.02% stake. Amica Mutual Insurance Company has 88,673 shares. 9,142 were reported by Logan Cap Mgmt. Moreover, Investment Limited Oh Adv has 1.1% invested in Bristol-Myers Squibb Company (NYSE:BMY). Synovus Finance Corp owns 166,672 shares. Newman Dignan And Sheerar invested in 1.07% or 31,369 shares. Cibc Asset Management owns 151,852 shares. Moreover, Ajo Lp has 0.21% invested in Bristol-Myers Squibb Company (NYSE:BMY) for 748,028 shares. Seizert Limited Liability Corp holds 0.01% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY) for 4,845 shares. Commonwealth Bankshares Of Aus accumulated 73,384 shares.

Since September 6, 2017, it had 1 buying transaction, and 2 insider sales for $646,385 activity. $335,172 worth of Bristol-Myers Squibb Company (NYSE:BMY) was sold by Lynch Thomas J. Jr.. Shares for $249,187 were bought by Samuels Theodore R. II.

Citigroup Inc, which manages about $122.18 billion US Long portfolio, decreased its stake in Wyndham Worldwide Corp (Call) (NYSE:WYN) by 55,000 shares to 7,500 shares, valued at $791,000 in 2017Q3, according to the filing. It also reduced its holding in Viad Corp (NYSE:VVI) by 8,335 shares in the quarter, leaving it with 12,716 shares, and cut its stake in Rli Corp (NYSE:RLI).

Among 19 analysts covering Bristol-Myers Squibb Company (NYSE:BMY), 6 have Buy rating, 3 Sell and 10 Hold. Therefore 32% are positive. Bristol-Myers Squibb Company had 69 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co on Monday, September 18 with “Hold”. The stock has “Buy” rating by Citigroup on Wednesday, October 18. The firm has “Hold” rating by Jefferies given on Monday, October 16. Citigroup maintained Bristol-Myers Squibb Company (NYSE:BMY) on Tuesday, September 20 with “Buy” rating. The firm earned “Sell” rating on Wednesday, April 6 by Societe Generale. Jefferies upgraded the stock to “Buy” rating in Monday, December 19 report. Credit Suisse maintained the shares of BMY in report on Monday, May 9 with “Outperform” rating. The rating was maintained by Jefferies with “Hold” on Thursday, August 27. The stock has “Buy” rating by UBS on Friday, August 19. Cowen & Co maintained it with “Hold” rating and $65.0 target in Thursday, October 19 report.

Analysts await Unum Group (NYSE:UNM) to report earnings on February, 7. They expect $1.06 EPS, up 6.00% or $0.06 from last year’s $1 per share. UNM’s profit will be $237.85M for 13.30 P/E if the $1.06 EPS becomes a reality. After $1.09 actual EPS reported by Unum Group for the previous quarter, Wall Street now forecasts -2.75% negative EPS growth.

Mount Lucas Management Lp, which manages about $1.44B and $554.33 million US Long portfolio, upped its stake in Spdr S&P Inter Dvd Etf (DWX) by 66,422 shares to 78,393 shares, valued at $3.17 million in 2017Q3, according to the filing. It also increased its holding in Ishares National Muni Bond E (MUB) by 6,213 shares in the quarter, for a total of 7,339 shares, and has risen its stake in Vanguard Reit Etf (VNQ).

Since August 1, 2017, it had 0 insider purchases, and 4 insider sales for $769,213 activity. LARSON GLORIA C had sold 2,460 shares worth $123,566. IGLESIAS LISA G also sold $463,807 worth of Unum Group (NYSE:UNM) shares. $55,070 worth of Unum Group (NYSE:UNM) shares were sold by Arnold Timothy Gerald.

Investors sentiment increased to 0.85 in 2017 Q3. Its up 0.01, from 0.84 in 2017Q2. It increased, as 25 investors sold UNM shares while 178 reduced holdings. 49 funds opened positions while 123 raised stakes. 200.74 million shares or 2.11% less from 205.07 million shares in 2017Q2 were reported. 112,128 are held by Laurion Capital Mgmt Lp. Ohio-based Fifth Third Bankshares has invested 0% in Unum Group (NYSE:UNM). Principal Fincl Group Incorporated reported 0.1% in Unum Group (NYSE:UNM). Gulf Intll Bankshares (Uk) Limited owns 73,251 shares. Meiji Yasuda Asset Mngmt holds 0.05% or 10,613 shares. Foundry Prtnrs Limited Com has 0.59% invested in Unum Group (NYSE:UNM) for 287,024 shares. 1.27 million were reported by Systematic Management L P. Jefferies Gp Ltd, New York-based fund reported 93,925 shares. Deutsche Bancshares Ag, Germany-based fund reported 630,246 shares. Dnb Asset As holds 0.01% in Unum Group (NYSE:UNM) or 20,880 shares. Fiduciary Co, a Massachusetts-based fund reported 6,090 shares. Barclays Public Ltd Company invested 0.01% of its portfolio in Unum Group (NYSE:UNM). 56,228 were accumulated by Franklin. Investec Asset Management Ltd, United Kingdom-based fund reported 1.89M shares. Ifrah stated it has 0.12% in Unum Group (NYSE:UNM).

Among 15 analysts covering Unum Group (NYSE:UNM), 4 have Buy rating, 2 Sell and 9 Hold. Therefore 27% are positive. Unum Group had 36 analyst reports since July 30, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, November 15 report. As per Thursday, January 26, the company rating was initiated by Citigroup. The stock of Unum Group (NYSE:UNM) has “Hold” rating given on Monday, November 6 by FBR Capital. The stock of Unum Group (NYSE:UNM) has “Hold” rating given on Tuesday, September 5 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, April 28. The stock of Unum Group (NYSE:UNM) has “Hold” rating given on Friday, July 31 by Deutsche Bank. The firm has “Sell” rating by Goldman Sachs given on Friday, July 15. The firm earned “Market Perform” rating on Friday, September 23 by Wells Fargo. The rating was maintained by Barclays Capital with “Overweight” on Friday, August 11. RBC Capital Markets maintained it with “Hold” rating and $5000 target in Monday, July 10 report.

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