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

Key Points

• Unum declared a quarterly dividend of $0.46 per share, payable May 15 to holders of record on April 24, implying an annual dividend of $1.84 and a yield of about 2.4%.
• The company missed the most recent quarter's EPS ($1.92 vs. $2.11 expected) and revenue was slightly below estimates; Unum set FY2026 guidance of $8.60–$8.90 EPS and shares traded down about 1.3% to $76.57.
• Dividend coverage appears solid with a payout ratio near 18.8% and 16 consecutive years of annual increases, though insiders sold roughly 21,852 shares (~$1.59M) last quarter and now own about 0.92% of the stock.

Unum Group (NYSE:UNM - Get Free Report) declared a quarterly dividend on Thursday, April 9th. Investors 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 2.4%. The ex-dividend date of this dividend is Friday, April 24th.

Unum Group has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 16 consecutive years. Unum Group has a dividend payout ratio of 18.8% meaning its dividend is sufficiently covered by earnings. 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 Stock Down 1.3%

Shares of NYSE UNM traded down $0.98 during mid-day trading 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 company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.34. The firm has a 50 day simple moving average of $73.52 and a two-hundred day simple moving average of $75.65. The stock has a market cap of $12.54 billion, a P/E ratio of 18.02, a PEG ratio of 1.62 and a beta of 0.19. Unum Group has a 52-week low of $68.28 and a 52-week high of $83.13.

Unum Group (NYSE:UNM - Get Free Report) last issued 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). The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.29 billion. Unum Group had a return on equity of 12.62% and a net margin of 5.65%.The firm's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.03 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Sell-side analysts predict that Unum Group will post 9.14 earnings per share for the current year.

Insider Activity

In other news, Director Timothy F. Keaney sold 4,500 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was 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 of the company's stock, valued at approximately $2,801,007.36. This represents a 10.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Christopher W. Pyne sold 4,852 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $72.47, for a total value of $351,624.44. Following the transaction, the executive vice president directly owned 52,268 shares of the company's stock, valued at approximately $3,787,861.96. This trade represents a 8.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 21,852 shares of company stock worth $1,590,734 over the last quarter. Insiders own 0.92% of the company's stock.

Hedge Funds Weigh In On Unum Group

Large investors have recently modified their holdings of the business. Laurel Wealth Advisors LLC purchased a new position in shares of Unum Group during the 4th quarter worth approximately $25,000. SHP Wealth Management purchased a new position in shares of Unum Group in the 4th quarter valued at about $25,000. Triumph Capital Management purchased a new position in shares of Unum Group in the 3rd quarter valued at about $31,000. Ancora Advisors LLC increased its holdings in shares of Unum Group by 385.2% in the 3rd quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 339 shares in the last quarter. Finally, Nalls Sherbakoff Group LLC purchased a new position in shares of Unum Group in the 4th quarter valued at about $39,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

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.

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