Unum Group (NYSE:UNM) Shares Set to Pay Quarterly Dividend of $0.51

Key Points

• Unum Group declared a quarterly dividend of $0.505 per share, payable November 20 to shareholders of record October 30. The dividend implies $2.02 in annualized payments and a 2.2% yield.
• Unum has increased its dividend for 16 consecutive years, with a 20.6% payout ratio, indicating the dividend is well covered by earnings. Analysts expect a future payout ratio of approximately 21.4%.
• The stock opened at $92.40 and has a consensus “Moderate Buy” rating from analysts, with an average price target of $99.42. The company recently reported quarterly EPS of $2.16 and revenue of $3.39 billion.

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

Unum Group has raised 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. 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 Price Performance

Shares of NYSE UNM opened at $92.40 on Friday. The stock has a fifty day simple moving average of $92.07 and a two-hundred day simple moving average of $87.08. Unum Group has a 1-year low of $69.02 and a 1-year high of $96.77. The firm has a market cap of $14.63 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 0.89 and a beta of 0.25. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35.

Unum Group (NYSE:UNM - Get Free Report) last released its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the business posted $1.92 earnings per share. The business'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. Analysts anticipate that Unum Group will post 8.64 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on UNM shares. Morgan Stanley boosted their price objective on Unum Group from $87.00 to $92.00 and gave the company an "equal weight" rating in a research note on Monday, August 24th. Weiss Ratings raised shares of Unum Group from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, July 28th. Barclays cut their target price on shares of Unum Group from $110.00 to $109.00 and set an "overweight" rating for the company in a research report on Wednesday, October 7th. Evercore reiterated an "outperform" rating and issued a $106.00 target price on shares of Unum Group in a research note on Tuesday, July 7th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Unum Group from $101.00 to $98.00 and set a "neutral" rating on the stock in a research report on Monday, August 3rd. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $99.42.

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.

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