Unum Group (NYSE:UNM) declared a quarterly dividend on Monday, July 17th, RTT News reports. Shareholders of record on Monday, July 31st will be given a dividend of 0.23 per share by the financial services provider on Friday, August 18th. This represents a $0.92 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Thursday, July 27th. This is a boost from Unum Group’s previous quarterly dividend of $0.20.

Unum Group has increased its dividend payment by an average of 11.9% annually over the last three years and has raised its dividend annually for the last 8 consecutive years. Unum Group has a payout ratio of 22.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Unum Group to earn $4.36 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 21.1%.

Unum Group (NYSE UNM) opened at 47.80 on Friday. Unum Group has a 1-year low of $32.05 and a 1-year high of $50.27. The stock has a market capitalization of $10.91 billion, a price-to-earnings ratio of 11.74 and a beta of 1.55. The firm’s 50-day moving average is $46.62 and its 200 day moving average is $46.52.

Unum Group (NYSE:UNM) last issued its earnings results on Wednesday, April 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.02. The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Unum Group had a return on equity of 10.23% and a net margin of 8.54%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.94 EPS. Equities analysts anticipate that Unum Group will post $4.10 EPS for the current fiscal year.

In related news, EVP Michael Q. Simonds sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $46.61, for a total transaction of $233,050.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Breege A. Farrell sold 15,000 shares of the firm’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $45.47, for a total value of $682,050.00. The disclosure for this sale can be found here. Insiders have sold a total of 20,260 shares of company stock valued at $927,174 over the last 90 days. 0.53% of the stock is currently owned by company insiders.

Unum Group declared that its board has authorized a share repurchase program on Thursday, May 25th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the financial services provider to purchase up to 7.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.

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A number of equities analysts have recently weighed in on UNM shares. BidaskClub upgraded Unum Group from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Zacks Investment Research upgraded Unum Group from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Wednesday, June 28th. Royal Bank Of Canada reiterated a “hold” rating and set a $50.00 price target on shares of Unum Group in a 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 report on Wednesday, April 19th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $45.10.

Unum Group Company Profile

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.

Dividend History for Unum Group (NYSE:UNM)

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