Princeton Alpha Management LP Invests $687,000 in Unum Group (UNM)

Princeton Alpha Management LP bought a new stake in Unum Group (NYSE:UNM) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,641 shares of the financial services provider’s stock, valued at approximately $687,000.

A number of other hedge funds have also added to or reduced their stakes in UNM. State Street Corp raised its stake in Unum Group by 9.3% in the fourth quarter. State Street Corp now owns 11,545,514 shares of the financial services provider’s stock valued at $507,191,000 after buying an additional 983,874 shares in the last quarter. Boston Partners raised its stake in Unum Group by 16.6% in the first quarter. Boston Partners now owns 9,564,880 shares of the financial services provider’s stock valued at $448,498,000 after buying an additional 1,358,289 shares in the last quarter. LSV Asset Management raised its stake in Unum Group by 0.8% in the third quarter. LSV Asset Management now owns 4,784,571 shares of the financial services provider’s stock valued at $168,943,000 after buying an additional 38,700 shares in the last quarter. AQR Capital Management LLC raised its stake in Unum Group by 37.0% in the fourth quarter. AQR Capital Management LLC now owns 4,304,415 shares of the financial services provider’s stock valued at $189,093,000 after buying an additional 1,163,389 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in Unum Group by 37.2% in the first quarter. Bank of Montreal Can now owns 3,594,160 shares of the financial services provider’s stock valued at $168,531,000 after buying an additional 974,090 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Institutional Ownership by Quarter for Unum Group (NYSE:UNM)

Shares of Unum Group (NYSE:UNM) traded up 0.51% on Friday, reaching $45.49. The company had a trading volume of 1,067,844 shares. Unum Group has a one year low of $29.79 and a one year high of $50.27. The company’s 50-day moving average is $46.18 and its 200-day moving average is $45.10. The company has a market capitalization of $10.38 billion, a PE ratio of 11.17 and a beta of 1.54.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.02. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.84 billion. Unum Group had a net margin of 8.43% and a return on equity of 10.18%. Unum Group’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 EPS. Equities research analysts predict that Unum Group will post $4.10 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 19th. Shareholders of record on Friday, April 28th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, April 26th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.76%. Unum Group’s payout ratio is currently 20.20%.

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UNM has been the topic of a number of recent research reports. Barclays PLC reiterated a “buy” rating and set a $56.00 target price on shares of Unum Group in a research note on Sunday, February 19th. FBR & Co reiterated a “sell” rating on shares of Unum Group in a research note on Thursday, February 2nd. Citigroup Inc initiated coverage on Unum Group in a research note on Thursday, January 26th. They set a “buy” rating and a $52.00 target price on the stock. Royal Bank of Canada reissued a “hold” rating and set a $50.00 price target on shares of Unum Group in a research report on Friday, April 28th. Finally, Deutsche Bank AG increased their price target on Unum Group from $46.00 to $48.00 and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $43.55.

In related news, EVP Michael Q. Simonds sold 5,000 shares of Unum Group stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $46.61, for a total transaction of $233,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy Gerald Arnold sold 2,000 shares of Unum Group stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $48.54, for a total transaction of $97,080.00. The disclosure for this sale can be found here. Insiders sold a total of 7,260 shares of company stock valued at $342,204 over the last three months. Corporate insiders own 0.62% of the company’s stock.

About Unum Group

Unum Group is a provider of financial protection benefits in the United States and the United Kingdom. The Company’s products include disability, life, accident, critical illness, dental and vision, and other related services. Its segments include Unum US, Unum UK, Colonial Life, Closed Block and Corporate.

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