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

Unum Group (NYSE:UNM) announced a quarterly dividend on Thursday, April 9th. Stockholders of record on Friday, April 24th will be given 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 2.3%. The ex-dividend date of this dividend 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. Equities analysts expect Unum Group to earn $9.65 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 19.1%.

Unum Group Stock Down 0.5%

NYSE UNM opened at $78.80 on Wednesday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.34. Unum Group has a 1-year low of $68.28 and a 1-year high of $83.13. The company has a 50 day moving average of $74.07 and a 200-day moving average of $75.67. The company has a market cap of $12.73 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 1.62 and a beta of 0.19.

Unum Group (NYSE:UNM) last released its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.19). Unum Group had a net margin of 5.65% and a return on equity of 12.62%. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the previous year, the firm posted $2.03 earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. On average, equities research analysts expect that Unum Group will post 8.74 earnings per share for the current fiscal year.

Insider Activity at Unum Group

In other news, Director Timothy F. Keaney sold 4,500 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $72.58, for a total transaction of $326,610.00. Following the completion of the transaction, the director directly owned 38,592 shares in the company, valued at approximately $2,801,007.36. This represents a 10.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lisa G. Iglesias sold 3,500 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $73.00, for a total transaction of $255,500.00. Following the transaction, the executive vice president owned 29,453 shares of the company’s stock, valued at $2,150,069. This trade represents a 10.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 21,852 shares of company stock valued at $1,590,734 over the last three months. 0.93% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of UNM. Foster & Motley Inc. grew its stake in shares of Unum Group by 0.5% in the first quarter. Foster & Motley Inc. now owns 123,907 shares of the financial services provider’s stock worth $9,049,000 after purchasing an additional 632 shares during the last quarter. OLD National Bancorp IN grew its stake in shares of Unum Group by 3.1% in the first quarter. OLD National Bancorp IN now owns 9,692 shares of the financial services provider’s stock worth $708,000 after purchasing an additional 289 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Unum Group in the first quarter worth $3,228,000. MBM Wealth Consultants LLC bought a new stake in shares of Unum Group in the first quarter worth $29,000. Finally, BTC Capital Management Inc. grew its stake in shares of Unum Group by 17.3% in the first quarter. BTC Capital Management Inc. now owns 100,186 shares of the financial services provider’s stock worth $7,316,000 after purchasing an additional 14,771 shares during the last quarter. 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.