Unum Group (UNM) To Go Ex-Dividend on October 30th

Unum Group (NYSE:UNM) declared a quarterly dividend on Thursday, October 15th. Stockholders of record on Friday, October 30th will be paid 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 dividend yield of 2.2%. The ex-dividend date is Friday, October 30th.

Unum Group has increased its dividend payment by an average of 0.1% per year over the last three years and has raised 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 $9.42 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 Trading Down 0.1%

Shares of NYSE:UNM traded down $0.13 during mid-day trading on Friday, reaching $92.28. 1,135,797 shares of the company were exchanged, compared to its average volume of 1,931,564. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market cap of $14.61 billion, a price-to-earnings ratio of 21.51, a P/E/G ratio of 0.90 and a beta of 0.25. The firm’s 50-day simple moving average is $92.10 and its 200 day simple moving average is $87.12. Unum Group has a 1 year low of $69.02 and a 1 year 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, meeting the consensus estimate of $2.16. Unum Group had a net margin of 5.26% and a return on equity of 12.60%. The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the firm earned $1.92 EPS. The firm’s revenue for the quarter was up .3% on a year-over-year basis. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Equities research analysts forecast that Unum Group will post 8.64 EPS for the current year.

Insider Buying and Selling

In related news, EVP Lisa Iglesias sold 4,000 shares of Unum Group stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $94.44, for a total transaction of $377,760.00. Following the sale, the executive vice president directly owned 25,453 shares in the company, valued at $2,403,781.32. This trade represents a 13.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy F. Keaney sold 4,300 shares of Unum Group stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $94.02, for a total transaction of $404,286.00. Following the sale, the director owned 36,502 shares in the company, valued at $3,431,918.04. This represents a 10.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,488 shares of company stock worth $988,396 over the last 90 days. 1.00% of the stock is owned by insiders.

Institutional Trading of Unum Group

Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in Unum Group by 7.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,084,382 shares of the financial services provider’s stock worth $298,287,000 after acquiring an additional 292,670 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Unum Group in the 2nd quarter worth about $84,097,000. Donald Smith & CO. Inc. bought a new stake in shares of Unum Group during the second quarter valued at approximately $58,064,000. Bank of America Corp DE bought a new stake in shares of Unum Group during the second quarter valued at approximately $55,273,000. Finally, Quantinno Capital Management LP boosted its holdings in shares of Unum Group by 14.6% in the first quarter. Quantinno Capital Management LP now owns 754,335 shares of the financial services provider’s stock valued at $55,089,000 after purchasing an additional 96,123 shares during the period. 86.57% of the stock is owned by institutional investors and hedge funds.

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.