Unum Group (UNM) To Go Ex-Dividend on July 24th

Unum Group (NYSE:UNM) declared a quarterly dividend on Thursday, July 9th. Investors of record on Friday, July 24th will be given a dividend of 0.505 per share by the financial services provider on Friday, August 14th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, July 24th. This is a 9.8% increase from Unum Group’s previous quarterly dividend of $0.46.

Unum Group has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 16 years. Unum Group has a dividend payout ratio of 20.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Unum Group to earn $9.62 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 21.0%.

Unum Group Stock Down 0.5%

Shares of UNM stock opened at $88.40 on Wednesday. The stock has a market cap of $14.12 billion, a P/E ratio of 19.22, a PEG ratio of 0.89 and a beta of 0.25. Unum Group has a 52 week low of $68.28 and a 52 week high of $93.21. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.35. The company’s fifty day simple moving average is $87.53 and its two-hundred day simple moving average is $79.89.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.07. Unum Group had a return on equity of 12.60% and a net margin of 5.86%.The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $2.91 billion. During the same quarter last year, the business posted $2.04 earnings per share. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.90 EPS. Analysts predict that Unum Group will post 8.75 EPS for the current fiscal year.

Insider Activity at Unum Group

In other news, EVP Elizabeth Claire Ahmed sold 12,000 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $80.14, for a total value of $961,680.00. Following the completion of the sale, the executive vice president owned 42,587 shares of the company’s stock, valued at $3,412,922.18. This trade represents a 21.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Unum Group

A number of institutional investors have recently bought and sold shares of UNM. Norges Bank purchased a new position in shares of Unum Group in the fourth quarter worth $1,108,919,000. Charles Schwab Investment Management Inc. boosted its holdings in Unum Group by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,653,246 shares of the financial services provider’s stock worth $438,127,000 after buying an additional 26,753 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Unum Group by 7.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,084,382 shares of the financial services provider’s stock valued at $298,287,000 after acquiring an additional 292,670 shares during the period. AQR Capital Management LLC grew its holdings in Unum Group by 35.1% in the third quarter. AQR Capital Management LLC now owns 2,339,289 shares of the financial services provider’s stock valued at $181,622,000 after purchasing an additional 607,684 shares during the period. Finally, UBS Group AG grew its stake in Unum Group by 5.4% in the 4th quarter. UBS Group AG now owns 1,356,916 shares of the financial services provider’s stock valued at $105,161,000 after acquiring an additional 68,957 shares during the period. 86.57% of the stock is currently owned by institutional investors and hedge funds.

About Unum Group

Unum Group (NYSE: UNM) is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.

In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.