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

Key Points

• Unum Group declared a quarterly dividend of $0.46 per share, which equates to an annualized dividend of $1.68 and a yield of 2.4%.
• Despite the dividend announcement, shares of Unum Group decreased by 0.8% during trading hours, closing at $78.03.
• Unum Group has a low payout ratio of 17.1%, indicating that its dividend is well-supported by earnings, with projected earnings of $9.87 per share for the next year.

Unum Group (NYSE:UNM - Get Free Report) declared a quarterly dividend on Thursday, October 9th, RTT News reports. Stockholders of record on Friday, October 24th will be given a dividend of 0.46 per share by the financial services provider on Tuesday, October 14th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%.

Unum Group has a payout ratio of 17.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 $1.68 annual dividend with an expected future payout ratio of 17.0%.

Unum Group Stock Down 0.8%

Shares of UNM stock traded down $0.59 during trading hours on Thursday, reaching $78.03. The company had a trading volume of 415,922 shares, compared to its average volume of 1,416,560. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. Unum Group has a twelve month low of $61.28 and a twelve month high of $84.48. The company has a market capitalization of $13.29 billion, a P/E ratio of 9.32, a price-to-earnings-growth ratio of 1.32 and a beta of 0.36. The stock's fifty day simple moving average is $73.05 and its 200 day simple moving average is $77.16.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Unum Group in the 2nd quarter valued at $1,113,353,000. Charles Schwab Investment Management Inc. raised its stake in Unum Group by 4.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,816,520 shares of the financial services provider's stock worth $473,814,000 after buying an additional 264,268 shares during the period. Geode Capital Management LLC raised its stake in Unum Group by 7.0% during the 2nd quarter. Geode Capital Management LLC now owns 3,341,589 shares of the financial services provider's stock worth $271,862,000 after buying an additional 219,076 shares during the period. Invesco Ltd. raised its stake in Unum Group by 155.6% during the 1st quarter. Invesco Ltd. now owns 2,278,473 shares of the financial services provider's stock worth $185,604,000 after buying an additional 1,387,139 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Unum Group by 13.1% during the 1st quarter. Victory Capital Management Inc. now owns 1,654,489 shares of the financial services provider's stock worth $134,775,000 after buying an additional 191,572 shares during the period. Institutional investors and hedge funds own 86.57% of the company's stock.

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.

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