Unum Group (UNM) Holder Cornerstone Investment Partners Trimmed Its Holding by $877,710; As Biogen Com Us$0.0005 (BIIB) Share Price Declined, Waverton Investment Management LTD Boosted by $20.56 Million Its Position

January 17, 2018 - By Winifred Garcia

Waverton Investment Management Ltd increased its stake in Biogen Inc Com Us$0.0005 (BIIB) by 31.75% based on its latest 2017Q3 regulatory filing with the SEC. Waverton Investment Management Ltd bought 65,697 shares as the company’s stock declined 13.45% while stock markets rallied. The institutional investor held 272,602 shares of the biological products (no diagnostic substances) company at the end of 2017Q3, valued at $85.36M, up from 206,905 at the end of the previous reported quarter. Waverton Investment Management Ltd who had been investing in Biogen Inc Com Us$0.0005 for a number of months, seems to be bullish on the $71.66 billion market cap company. The stock increased 0.86% or $2.9 during the last trading session, reaching $338.85. About 1.26 million shares traded or 1.09% up from the average. Biogen Inc. (NASDAQ:BIIB) has risen 4.94% since January 17, 2017 and is uptrending. It has underperformed by 11.76% the S&P500.

Cornerstone Investment Partners Llc decreased its stake in Unum Group (UNM) by 49.14% based on its latest 2017Q3 regulatory filing with the SEC. Cornerstone Investment Partners Llc sold 17,210 shares as the company’s stock declined 6.23% while stock markets rallied. The institutional investor held 17,811 shares of the accident &health insurance company at the end of 2017Q3, valued at $911,000, down from 35,021 at the end of the previous reported quarter. Cornerstone Investment Partners Llc who had been investing in Unum Group for a number of months, seems to be less bullish one the $12.46 billion market cap company. The stock decreased 5.21% or $3.05 during the last trading session, reaching $55.54. About 3.42 million shares traded or 147.36% up from the average. Unum Group (NYSE:UNM) has risen 29.60% since January 17, 2017 and is uptrending. It has outperformed by 12.90% the S&P500.

Investors sentiment increased to 1.13 in 2017 Q3. Its up 0.25, from 0.88 in 2017Q2. It improved, as 59 investors sold BIIB shares while 283 reduced holdings. 96 funds opened positions while 292 raised stakes. 181.16 million shares or 0.28% more from 180.66 million shares in 2017Q2 were reported. Clearbridge Ltd Llc reported 1.45% stake. 1,000 are held by Birchview Limited Partnership. Tdam Usa has 0.02% invested in Biogen Inc. (NASDAQ:BIIB) for 978 shares. Old Mutual Investors (Uk) Limited, United Kingdom-based fund reported 599,956 shares. Tokio Marine Asset Limited stated it has 8,649 shares or 0.41% of all its holdings. Philadelphia Tru accumulated 100,588 shares. Cognios Ltd Liability invested in 6,049 shares. State Treasurer State Of Michigan holds 0.16% or 64,177 shares in its portfolio. Pax Limited Liability Com stated it has 87,246 shares or 1.56% of all its holdings. Bb&T has 1,981 shares for 0.01% of their portfolio. Shelton accumulated 19,137 shares. Guggenheim Capital Limited Liability owns 339,085 shares for 0.25% of their portfolio. Moreover, Stifel Financial Corp has 0.19% invested in Biogen Inc. (NASDAQ:BIIB) for 177,094 shares. Gabelli Funds holds 33,000 shares. Rowland And Commerce Investment Counsel Adv holds 0.06% of its portfolio in Biogen Inc. (NASDAQ:BIIB) for 506 shares.

Among 31 analysts covering Biogen Idec Inc. (NASDAQ:BIIB), 22 have Buy rating, 0 Sell and 9 Hold. Therefore 71% are positive. Biogen Idec Inc. had 95 analyst reports since July 23, 2015 according to SRatingsIntel. Piper Jaffray upgraded the stock to “Overweight” rating in Thursday, November 5 report. The firm has “Hold” rating by Cantor Fitzgerald given on Tuesday, July 25. Goldman Sachs upgraded Biogen Inc. (NASDAQ:BIIB) on Wednesday, August 16 to “Conviction Buy” rating. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, October 17. The company was maintained on Tuesday, October 24 by Cowen & Co. The firm earned “Market Perform” rating on Thursday, September 21 by Raymond James. The firm has “Strong Buy” rating by Raymond James given on Thursday, December 29. The company was maintained on Friday, December 9 by Stifel Nicolaus. The stock of Biogen Inc. (NASDAQ:BIIB) earned “Buy” rating by H.C. Wainwright on Thursday, October 22. On Friday, December 4 the stock rating was maintained by Wells Fargo with “Outperform”.

Waverton Investment Management Ltd, which manages about $8.07B and $1.61 billion US Long portfolio, decreased its stake in Taiwan Semiconductor Manufacturing Ads Rep 5 Ord Tw$10 (NYSE:TSM) by 37,636 shares to 50,310 shares, valued at $1.89M in 2017Q3, according to the filing. It also reduced its holding in Wells Fargo & Co Com Us$1 2/3 (NYSE:WFC) by 884,889 shares in the quarter, leaving it with 708,367 shares, and cut its stake in Old Dominion Freight Line Inc Com Us$0.10 (NASDAQ:ODFL).

Since January 9, 2018, it had 0 insider purchases, and 1 sale for $1.92 million activity.

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 $237.86M for 13.10 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.

Investors sentiment increased to 0.85 in Q3 2017. Its up 0.01, from 0.84 in 2017Q2. It is positive, 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. Guggenheim Cap Limited Liability invested in 1.40 million shares or 0.17% of the stock. Delphi Ma invested in 1.39% or 48,580 shares. Tower Research Lc (Trc) invested 0% in Unum Group (NYSE:UNM). Chevy Chase Holdings holds 203,604 shares. State Of Wisconsin Invest Board has 223,733 shares. Moreover, Meiji Yasuda Life Ins Company has 0.07% invested in Unum Group (NYSE:UNM) for 9,170 shares. Moreover, Systematic Fincl Mngmt Limited Partnership has 1.31% invested in Unum Group (NYSE:UNM). First Advisors Lp reported 459,864 shares. Commercial Bank Of America Corp De owns 1.18 million shares. Parallax Volatility Advisers Limited Partnership invested 0% of its portfolio in Unum Group (NYSE:UNM). Nomura Incorporated has invested 0% of its portfolio in Unum Group (NYSE:UNM). Comerica National Bank & Trust accumulated 58,111 shares. 36,756 are owned by Peddock Cap Advsr Ltd. Ftb Incorporated, a Tennessee-based fund reported 102,648 shares. Ameriprise Fin holds 4.21M shares.

Cornerstone Investment Partners Llc, which manages about $8.61B and $2.28 billion US Long portfolio, upped its stake in Alphabet Inc Class A by 1,111 shares to 90,193 shares, valued at $87.82M in 2017Q3, according to the filing. It also increased its holding in Bayer Ag (BAYRY) by 18,583 shares in the quarter, for a total of 24,856 shares, and has risen its stake in Johnson & Johnson (NYSE:JNJ).

Since August 1, 2017, it had 0 insider buys, and 4 sales for $769,213 activity. On Thursday, December 14 the insider Arnold Timothy Gerald sold $55,070. Shares for $126,770 were sold by Godwin Pamela H. Shares for $463,807 were sold by IGLESIAS LISA G on Thursday, December 14.

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