Legal & General Group Plc Increases Holdings in Union Pacific Corporation

Got story updates? Submit your updates here. ›

Legal & General Group Plc, an institutional investor, increased its stake in Union Pacific Corporation by 3.1% during the 3rd quarter, according to a disclosure with the Securities and Exchange Commission. The investor now owns 4,584,144 shares of the railroad operator's stock, which is 0.77% of Union Pacific's total shares outstanding.

Why it matters

Union Pacific is one of the largest freight railroad companies in the United States, operating an extensive rail network across the western two-thirds of the country. Institutional investors like Legal & General Group closely monitor and adjust their holdings in major transportation companies like Union Pacific, which can provide insights into market sentiment and expectations for the industry.

The details

According to the disclosure, Legal & General Group Plc acquired an additional 139,854 shares of Union Pacific during the 3rd quarter, increasing its total stake to 4,584,144 shares. This represents 0.77% of Union Pacific's total outstanding shares. The institutional investor's increased position in Union Pacific suggests it sees value and growth potential in the railroad operator's business.

• The stake increase occurred during the 3rd quarter of the year.