Unum Group (NYSE:UNM) declared a quarterly dividend on Friday, October 14th. Investors of record on Monday, October 31st will be paid a dividend of 0.20 per share on Friday, November 18th. This represents a $0.80 annualized dividend and a dividend yield of 2.20%.
Shares of Unum Group (NYSE:UNM) traded up 0.89% on Friday, hitting $36.37. 1,902,627 shares of the company traded hands. Unum Group has a 1-year low of $23.99 and a 1-year high of $37.26. The firm has a market capitalization of $8.53 billion, a P/E ratio of 10.02 and a beta of 1.50. The firm’s 50-day moving average is $35.45 and its 200 day moving average is $33.90.
Unum Group (NYSE:UNM) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.94 by $0.05. The company earned $2.76 billion during the quarter, compared to analyst estimates of $2.75 billion. Unum Group had a net margin of 8.07% and a return on equity of 10.37%. Unum Group’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.90 earnings per share. On average, analysts anticipate that Unum Group will post $3.86 earnings per share for the current fiscal year.
Several research firms have commented on UNM. Zacks Investment Research raised shares of Unum Group from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. Bank of America Corp. lowered shares of Unum Group from a “neutral” rating to an “underperform” rating in a research note on Wednesday, June 29th. Credit Suisse Group AG began coverage on shares of Unum Group in a research note on Friday, October 7th. They set a “neutral” rating and a $42.00 price objective for the company. Goldman Sachs Group Inc. lifted their price objective on shares of Unum Group from $30.00 to $33.00 and gave the stock a “sell” rating in a research note on Friday, September 23rd. Finally, Evercore ISI began coverage on shares of Unum Group in a research note on Wednesday, July 6th. They set a “sell” rating and a $29.00 price objective for the company. Four analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Unum Group has an average rating of “Hold” and an average target price of $36.46.
In related news, Director Thomas R. Watjen sold 40,000 shares of Unum Group stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $33.24, for a total value of $1,329,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in UNM. Johnson Financial Group Inc. increased its stake in Unum Group by 514.2% in the second quarter. Johnson Financial Group Inc. now owns 3,906 shares of the company’s stock valued at $124,000 after buying an additional 3,270 shares during the last quarter. Point72 Asia Hong Kong Ltd purchased a new stake in Unum Group during the second quarter valued at $134,000. Pacer Advisors Inc. increased its stake in Unum Group by 9.8% in the second quarter. Pacer Advisors Inc. now owns 4,288 shares of the company’s stock valued at $136,000 after buying an additional 384 shares during the last quarter. Seven Eight Capital LLC purchased a new stake in Unum Group during the second quarter valued at $183,000. Finally, Baird Financial Group Inc. purchased a new stake in Unum Group during the second quarter valued at $200,000. Hedge funds and other institutional investors own 93.67% of the company’s stock.
Unum Group Company Profile
Unum Group is a provider of disability insurance products in the United States and the United Kingdom. The Company provides a portfolio of other insurance products, including employer and employee paid group benefits, life insurance and other related services. Its segments are Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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