Corning (GLW) Gained Better Goldman Sachs Rating; Unum Group (UNM)’s Sentiment Is 0.94

June 21, 2018 - By Kurt Siggers

Corning Incorporated (NYSE:GLW) Logo

Unum Group (UNM) investors sentiment decreased to 0.94 in 2018 Q1. It’s down -0.12, from 1.06 in 2017Q4. The ratio turned negative, as 195 hedge funds increased or started new equity positions, while 208 reduced and sold their equity positions in Unum Group. The hedge funds in our database now possess: 196.58 million shares, down from 197.64 million shares in 2017Q4. Also, the number of hedge funds holding Unum Group in top ten equity positions decreased from 4 to 3 for a decrease of 1. Sold All: 39 Reduced: 169 Increased: 142 New Position: 53.

Goldman Sachs was upgraded to a Hold and currently has $29.0000 target price per share on Corning Inc (NYSE:GLW)‘s stock. This was revealed in a a note today. Goldman Sachs’s target price per share would suggest a potential upside of 2.15%.

Since January 1, 0001, it had 0 buys, and 5 sales for $1.24 million activity.

Unum Group, together with its subsidiaries, provides group and individual disability insurance services and products primarily in the United States and the United Kingdom. The company has market cap of $8.41 billion. It operates through Unum US, Unum UK, Colonial Life, and Closed Block divisions. It has a 8.7 P/E ratio. The firm offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.

The stock decreased 1.30% or $0.5 during the last trading session, reaching $38.03. About 1.28 million shares traded. Unum Group (UNM) has declined 14.78% since June 21, 2017 and is downtrending. It has underperformed by 27.35% the S&P500. Some Historical UNM News: ; 01/05/2018 – Unum Group 1Q Rev $2.9B; 22/05/2018 – Unum Raises $300 Million At 6.25%; 01/05/2018 – UNUM 1Q OPER EPS $1.24, EST. $1.25; 29/03/2018 – Unum Therapeutics stumbles on its Nasdaq debut, raising $70M and some transparency issues $UMRX; 24/05/2018 – Unum Group Raises Quarterly Dividend to 26c From 23c; 29/05/2018 – Unum Group: Proceeds of Offering to Be Used to Repay, Redeem $200M of Notes; 24/05/2018 – Unum Group New Buyback Replaces Previous $750 Million One That Was Set to Expire Nov. 2; 15/05/2018 – Colonial Life launches Spanish-language consumer website; 26/04/2018 – America’s younger workers most stressed, Unum finds; 03/04/2018 – Unum joins as an anchor partner to Plug and Play lnsurtech

More notable recent Unum Group (NYSE:UNM) news were published by: Globenewswire.com which released: “UPCOMING DEADLINES: The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of SYMC …” on June 20, 2018, also Businesswire.com with their article: “Robbins Arroyo LLP: Unum Group (UNM) Misled Shareholders According to a Recently Filed Class Action” published on June 19, 2018, Globenewswire.com published: “SHAREHOLDER ALERT: Brower Piven Notifies Investors of Class Action Lawsuit And Encourages Those Who Have …” on June 18, 2018. More interesting news about Unum Group (NYSE:UNM) were released by: Globenewswire.com and their article: “INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Unum Group of a Class Action Lawsuit and a …” published on June 18, 2018 as well as Businesswire.com‘s news article titled: “EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Unum Group – UNM” with publication date: June 16, 2018.

Analysts await Unum Group (NYSE:UNM) to report earnings on July, 26. They expect $1.27 earnings per share, up 20.95% or $0.22 from last year’s $1.05 per share. UNM’s profit will be $280.92 million for 7.49 P/E if the $1.27 EPS becomes a reality. After $1.24 actual earnings per share reported by Unum Group for the previous quarter, Wall Street now forecasts 2.42% EPS growth.

Grace & White Inc Ny holds 5.22% of its portfolio in Unum Group for 534,470 shares. Washington Capital Management Inc owns 64,500 shares or 3.08% of their US portfolio. Moreover, Donald Smith & Co. Inc. has 2.62% invested in the company for 2.06 million shares. The Kansas-based Nuance Investments Llc has invested 1.78% in the stock. Edgestream Partners L.P., a New Jersey-based fund reported 161,590 shares.

Ratings analysis reveals 40% of Unum Group’s analysts are positive. Out of 5 Wall Street analysts rating Unum Group, 2 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $40.0 while the high is $43.0. The stock’s average target of $41.50 is 9.12% above today’s ($38.03) share price. UNM was included in 5 notes of analysts from September 23, 2016. As per Thursday, January 26, the company rating was initiated by Citigroup. The rating was maintained by FBR Capital with “Underperform” on Monday, November 28. The stock of Unum Group (NYSE:UNM) earned “Outperform” rating by RBC Capital Markets on Tuesday, November 15. The firm has “Neutral” rating by Credit Suisse given on Friday, October 7. Wells Fargo initiated the stock with “Market Perform” rating in Friday, September 23 report.

Analysts await Corning Incorporated (NYSE:GLW) to report earnings on July, 25. They expect $0.37 earnings per share, down 11.90% or $0.05 from last year’s $0.42 per share. GLW’s profit will be $307.23 million for 19.18 P/E if the $0.37 EPS becomes a reality. After $0.31 actual earnings per share reported by Corning Incorporated for the previous quarter, Wall Street now forecasts 19.35% EPS growth.

Among 20 analysts covering Corning Incorporated (NYSE:GLW), 6 have Buy rating, 2 Sell and 12 Hold. Therefore 30% are positive. Corning Incorporated has $38.0 highest and $15.75 lowest target. $27.60’s average target is -2.78% below currents $28.39 stock price. Corning Incorporated had 49 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Tuesday, September 29 by Barclays Capital. Citigroup upgraded it to “Neutral” rating and $29 target in Monday, April 3 report. The company was maintained on Wednesday, October 25 by Deutsche Bank. The stock has “Buy” rating by Guggenheim on Wednesday, January 4. As per Friday, September 25, the company rating was maintained by RBC Capital Markets. On Wednesday, October 28 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock has “Hold” rating by Jefferies on Wednesday, October 4. Drexel Hamilton maintained the shares of GLW in report on Wednesday, July 26 with “Sell” rating. The stock has “Buy” rating by Goldman Sachs on Tuesday, April 12. The firm earned “Mkt Perform” rating on Wednesday, February 1 by Bernstein.

Since February 14, 2018, it had 1 insider buy, and 3 insider sales for $6.55 million activity. $887,931 worth of Corning Incorporated (NYSE:GLW) shares were bought by CANNING JOHN A JR. WEEKS WENDELL P had sold 224,884 shares worth $6.46 million. 33,000 shares were sold by Morse David L, worth $950,615. The insider Pambianchi Christine M sold $29,895.

More notable recent Corning Incorporated (NYSE:GLW) news were published by: Benzinga.com which released: “Morgan Stanley Upgrades Corning, Projects Multiple Earnings Growth Drivers” on May 31, 2018, also Streetinsider.com with their article: “UPDATE: Goldman Sachs Assumes Corning (GLW) at Neutral” published on June 21, 2018, Fool.com published: “Can Corning’s Dividend Even Survive?” on June 09, 2018. More interesting news about Corning Incorporated (NYSE:GLW) were released by: Streetinsider.com and their article: “After-Hours Stock Movers 06/20: (BNED) (MU) (HPQ) Higher; (LMNR) (VERI) (CLPS) Lower (more…)” published on June 20, 2018 as well as Streetinsider.com‘s news article titled: “Short-sellers sense an opportunity as China trade tensions brew” with publication date: June 20, 2018.

The stock increased 0.04% or $0.01 during the last trading session, reaching $28.39. About 3.62 million shares traded. Corning Incorporated (NYSE:GLW) has declined 8.49% since June 21, 2017 and is downtrending. It has underperformed by 21.06% the S&P500. Some Historical GLW News: 19/04/2018 – DJ Corning Natural Gas Holding Corpora, Inst Holders, 1Q 2018 (CNIG); 09/03/2018 – Corning Announces High-Fiber-Count Rapid Installation Ribbon Cable; 24/04/2018 – Corning 1Q Adj EPS 31c; 01/05/2018 – Corning at Bernstein Strategic Decisions CEO Conference May 31; 24/04/2018 – Corning Expects 2018 LCD Glass Market Volume Growth to Be in the Mid-Single-Digit Percentages; 29/03/2018 – Air Products’ Industrial Gases Executive Vice President Corning Painter Provides Thought Leadership on Coal Gasification at China Petroleum and Chemical Industry Federation Dialogue in Beíjing; 10/05/2018 – Artemis Adds Annaly, Exits Corning, Cuts Equifax: 13F; 25/04/2018 – Teradyne, Corning and SK Hynix all said demand for smartphone parts is falling on Tuesday; 24/05/2018 – Last month, the U.S. banned ZTE from purchasing parts from U.S. companies, including Qualcomm, Corning, and Aphabet’s Google; 24/04/2018 – CORNING INC – ON TRACK TO DELIVER BOTH NEAR- AND LONG-TERM GROWTH UNDER ITS ‘STRATEGY AND CAPITAL ALLOCATION FRAMEWORK’

Investors sentiment decreased to 0.63 in Q1 2018. Its down 0.21, from 0.84 in 2017Q4. It dropped, as 90 investors sold Corning Incorporated shares while 349 reduced holdings. 71 funds opened positions while 204 raised stakes. 565.69 million shares or 5.45% less from 598.30 million shares in 2017Q4 were reported. 627 were reported by Captrust Advsrs. Lsv Asset Management has invested 0.55% in Corning Incorporated (NYSE:GLW). Aull And Monroe Inv Management Corp has invested 0.88% in Corning Incorporated (NYSE:GLW). 55,414 were accumulated by Shell Asset Mngmt Company. Whitnell invested in 0.01% or 1,000 shares. Scholtz & Lc has 0.19% invested in Corning Incorporated (NYSE:GLW) for 9,000 shares. Bowen Hanes & reported 1.52 million shares. 1.44M are held by Ny State Teachers Retirement System. Schafer Cullen Capital Management stated it has 1.28% in Corning Incorporated (NYSE:GLW). Charter Trust invested in 0.09% or 26,717 shares. Fred Alger holds 0% or 1,129 shares. Adage Cap Gru Ltd Limited Liability Company has invested 0.06% in Corning Incorporated (NYSE:GLW). Moreover, Cornerstone Advsrs has 0.05% invested in Corning Incorporated (NYSE:GLW) for 2,453 shares. Blb&B Llc has invested 1.25% in Corning Incorporated (NYSE:GLW). Freestone Capital Holding Lc accumulated 1,780 shares.

Corning Incorporated (NYSE:GLW) Institutional Positions Chart

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