Unum Group (NYSE:UNM) Plans $0.46 Quarterly Dividend

Unum Group (NYSE:UNM) declared a quarterly dividend on Thursday, April 9th. Stockholders of record on Friday, April 24th will be paid a dividend of 0.46 per share by the financial services provider on Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, April 24th.

Unum Group has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 16 consecutive years. Unum Group has a dividend payout ratio of 18.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Unum Group to earn $9.87 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 18.6%.

Unum Group Price Performance

Shares of UNM traded down $0.98 during trading hours on Thursday, reaching $76.57. The company had a trading volume of 1,166,812 shares, compared to its average volume of 1,649,075. The firm has a 50 day simple moving average of $73.52 and a 200-day simple moving average of $75.65. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $12.54 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 1.62 and a beta of 0.19. Unum Group has a 12-month low of $68.28 and a 12-month high of $83.13.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.19). The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.29 billion. Unum Group had a net margin of 5.65% and a return on equity of 12.62%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.03 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Research analysts expect that Unum Group will post 9.14 earnings per share for the current year.

Wall Street Analyst Weigh In

UNM has been the subject of a number of research analyst reports. UBS Group increased their price target on shares of Unum Group from $81.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday. Zacks Research upgraded shares of Unum Group from a “strong sell” rating to a “hold” rating in a report on Monday. Wall Street Zen downgraded shares of Unum Group from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Evercore set a $103.00 target price on shares of Unum Group in a report on Friday, February 6th. Finally, Keefe, Bruyette & Woods restated a “moderate buy” rating and set a $95.00 target price on shares of Unum Group in a report on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Unum Group currently has a consensus rating of “Moderate Buy” and an average price target of $94.80.

Unum Group Company Profile

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.