FMR LLC & Abigail Johnson Boost Unum Group Stake to 7.552%
Ticker: UNMA · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 5513
| Field | Detail |
|---|---|
| Company | Unum Group (UNMA) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, amendment, insurance, investor-confidence
TL;DR
**FMR LLC and Abigail Johnson now own 7.552% of Unum Group, signaling continued institutional confidence.**
AI Summary
FMR LLC, a major investment management firm, and its principal owner, Abigail P. Johnson, have updated their beneficial ownership in Unum Group (NYSE: UNM) to 14,731,277 shares, representing 7.552% of the company's common stock. This amendment, filed on February 9, 2024, indicates a slight increase in their reported holdings compared to previous filings, signaling continued confidence in Unum Group's performance. For investors, this means a significant institutional holder maintains a substantial stake, which can be a positive indicator of long-term value.
Why It Matters
This filing shows that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, continue to hold a significant and slightly increased stake in Unum Group, which can be interpreted as a vote of confidence in the company's future prospects.
Risk Assessment
Risk Level: low — This filing indicates a stable or slightly increased institutional ownership, which generally reduces risk by showing continued investor interest.
Analyst Insight
A smart investor would view this continued and slightly increased institutional ownership by FMR LLC as a positive signal, suggesting confidence in Unum Group's long-term value, and might consider further research into Unum Group's fundamentals.
Key Numbers
- 14,731,277 — Shares Beneficially Owned (Represents the total common stock of Unum Group held by FMR LLC and Abigail P. Johnson.)
- 7.552% — Percentage of Class (Indicates the significant portion of Unum Group's common stock controlled by the reporting persons.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person and principal owner of FMR LLC
- Unum Group (company) — issuer of the common stock
- 14,731,277 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 7.552% (dollar_amount) — percentage of Unum Group's common stock beneficially owned
Forward-Looking Statements
- FMR LLC will maintain a significant stake in Unum Group for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
- Unum Group's stock price will likely see continued stability due to strong institutional backing. (Unum Group) — medium confidence, target: 2024-08-09
FAQ
Who are the reporting persons in this SC 13G/A filing for Unum Group?
The reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing.
What percentage of Unum Group's common stock do FMR LLC and Abigail P. Johnson beneficially own?
According to Item 11 of the filing, FMR LLC and Abigail P. Johnson beneficially own 7.552% of Unum Group's common stock.
How many shares of Unum Group common stock are beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson beneficially own 14,731,277 shares of Unum Group common stock, as indicated in Item 7 and Item 9 for both reporting persons.
What is the CUSIP number for Unum Group's common stock mentioned in the filing?
The CUSIP number for Unum Group's common stock is 91529Y106, as stated in the filing under 'Cusip #91529Y106' and Item 2(e).
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the 'x' in the appropriate box and explicitly stated in Item 3.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding Unum Group (UNMA).