Unum Group (NYSE:UNM) announced a quarterly dividend on Friday, April 16th, RTT News reports. Shareholders of record on Friday, April 30th will be given a dividend of 0.285 per share by the financial services provider on Friday, May 21st. This represents a $1.14 annualized dividend and a yield of 3.87%.
Unum Group has raised its dividend payment by 32.6% over the last three years and has increased its dividend annually for the last 1 consecutive years.
Shares of Unum Group stock traded up $0.59 during trading on Friday, reaching $29.48. 11,574 shares of the company's stock were exchanged, compared to its average volume of 2,543,053. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.18 and a current ratio of 0.18. Unum Group has a 1-year low of $12.80 and a 1-year high of $30.34. The company has a market cap of $6.01 billion, a P/E ratio of 6.20, a PEG ratio of 0.54 and a beta of 1.78. The firm's 50-day moving average price is $27.91 and its 200 day moving average price is $23.46.
Unum Group (NYSE:UNM) last issued its earnings results on Thursday, February 4th. The financial services provider reported $1.15 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.19 by ($0.04). Unum Group had a return on equity of 10.29% and a net margin of 8.00%. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.93 billion. As a group, equities research analysts predict that Unum Group will post 4.98 EPS for the current year.
In related news, COO Michael Q. Simonds sold 27,000 shares of the business's stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $24.92, for a total transaction of $672,840.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Cherie Pashley sold 1,000 shares of the stock in a transaction dated Wednesday, February 24th. The stock was sold at an average price of $27.81, for a total value of $27,810.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,040 shares of company stock worth $1,542,821. Corporate insiders own 0.49% of the company's stock.
A number of equities research analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of Unum Group from $26.00 to $28.00 and gave the stock an "equal weight" rating in a report on Thursday, April 1st. JPMorgan Chase & Co. lifted their price target on shares of Unum Group from $24.00 to $29.00 and gave the company a "neutral" rating in a research report on Monday, April 5th. Evercore ISI upgraded Unum Group from an "underperform" rating to an "in-line" rating and upped their price target for the stock from $18.00 to $25.00 in a report on Friday, January 8th. Barclays boosted their target price on Unum Group from $23.00 to $26.00 and gave the stock an "underweight" rating in a research note on Monday. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Unum Group from a "sell" rating to a "hold" rating and set a $29.00 price target for the company in a research report on Wednesday, April 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of "Hold" and a consensus price target of $26.11.
About Unum Group
Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, and Poland. It operates through Unum US, Unum International, Colonial Life, and Closed Block segments. 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.
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