Unum Group (UNM) to Issue Quarterly Dividend of $0.46 on November 14th

Unum Group (NYSE:UNM) announced a quarterly dividend on Thursday, October 9th. Investors of record on Friday, October 24th will be paid a dividend of 0.46 per share by the financial services provider on Friday, November 14th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, October 24th.

Unum Group has a payout ratio of 17.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Unum Group to earn $9.87 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 17.0%.

Unum Group Stock Up 1.2%

Shares of NYSE:UNM opened at $76.58 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market cap of $13.04 billion, a PE ratio of 9.16, a price-to-earnings-growth ratio of 1.25 and a beta of 0.36. Unum Group has a 52 week low of $61.37 and a 52 week high of $84.48. The firm has a 50 day simple moving average of $74.08 and a 200 day simple moving average of $76.82.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $2.07 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.16). The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.16 EPS. Unum Group has set its FY 2025 guidance at 8.500-8.50 EPS. As a group, research analysts expect that Unum Group will post 9.14 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Piper Sandler upped their price objective on shares of Unum Group from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, July 3rd. UBS Group set a $87.00 price objective on shares of Unum Group and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Barclays increased their price target on shares of Unum Group from $92.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Weiss Ratings restated a “buy (b)” rating on shares of Unum Group in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their price target on shares of Unum Group from $87.00 to $96.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Unum Group currently has an average rating of “Moderate Buy” and an average target price of $93.23.

About Unum Group

Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, Poland, and internationally. It operates through Unum US, Unum International, Colonial Life, and Closed Block segment. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.