Unum Group (NYSE:UNM) Shares Will Pay Quarterly Dividend of $0.51

Unum Group (NYSE:UNM) announced a quarterly dividend on Thursday, October 15th. Shareholders of record on Friday, October 30th will be given a dividend of $0.5050 per share by the financial services provider on Friday, November 20th. This represents a $2.02 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, October 30th.

Unum Group has raised its dividend by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 16 consecutive years. Unum Group has a payout ratio of 20.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Unum Group to earn $9.42 per share next year, which means the company should continue to be able to cover its $2.02 annual dividend with an expected future payout ratio of 21.4%.

Unum Group Stock Up 1.0%

Shares of NYSE UNM opened at $92.40 on Friday. The company has a market cap of $14.63 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 0.89 and a beta of 0.25. The firm’s fifty day moving average is $92.07 and its 200 day moving average is $87.08. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.35. Unum Group has a 52 week low of $69.02 and a 52 week high of $96.77.

Unum Group (NYSE:UNM) last posted its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.16. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $2.90 billion. Unum Group had a net margin of 5.26% and a return on equity of 12.60%. Unum Group’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the business posted $1.92 earnings per share. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. On average, equities research analysts expect that Unum Group will post 8.64 earnings per share for the current year.

Insider Buying and Selling at Unum Group

In other news, Director Timothy Keaney sold 4,300 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $94.02, for a total value of $404,286.00. Following the sale, the director directly owned 36,502 shares of the company’s stock, valued at approximately $3,431,918.04. This represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Walter Lynn Rice, Jr. sold 2,188 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $94.31, for a total value of $206,350.28. Following the transaction, the chief accounting officer owned 8,154 shares of the company’s stock, valued at $769,003.74. The trade was a 21.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 10,488 shares of company stock worth $988,396. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Unum Group

Hedge funds have recently bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new stake in Unum Group during the 2nd quarter valued at about $84,097,000. Donald Smith & CO. Inc. bought a new position in shares of Unum Group in the second quarter worth approximately $58,064,000. Bank of America Corp DE bought a new position in shares of Unum Group in the second quarter worth approximately $55,273,000. Freestone Grove Partners LP bought a new position in shares of Unum Group in the second quarter worth approximately $49,065,000. Finally, Algebris UK Ltd. purchased a new stake in shares of Unum Group during the second quarter valued at approximately $35,412,000. Institutional investors own 86.57% of the company’s stock.

Unum Group Company Profile

Unum Group is an insurance company that provides employee benefits and related financial protection products to individuals, employers and their workforces. Its offerings include disability insurance, group and individual life insurance, accidental death and dismemberment coverage, long-term care insurance, and supplemental health benefits.

The company serves employers through workplace benefits programs, including absence-management and leave-administration services. Through its Colonial Life business, Unum also offers voluntary benefits such as accident, critical illness, hospital indemnity and dental insurance, which employees may obtain through the workplace.

Unum Group traces its history to 1848, when Union Mutual Life Insurance Company was established in Maine.