Unum Group (UNM) to Issue $0.20 Quarterly Dividend
Unum Group (NYSE:UNM) declared a quarterly dividend on Friday, October 14th. Stockholders of record on Monday, October 31st will be paid a dividend of 0.20 per share on Friday, November 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.20%.
Shares of Unum Group (NYSE:UNM) traded up 0.89% on Friday, hitting $36.37. 1,902,627 shares of the stock were exchanged. The company has a market cap of $8.53 billion, a PE ratio of 10.02 and a beta of 1.50. The company has a 50-day moving average price of $35.45 and a 200 day moving average price of $33.90. Unum Group has a 12 month low of $23.99 and a 12 month high of $37.26.
Unum Group (NYSE:UNM) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.05. Unum Group had a net margin of 8.07% and a return on equity of 10.37%. The company earned $2.76 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same period in the prior year, the business posted $0.90 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. Equities analysts forecast that Unum Group will post $3.86 EPS for the current fiscal year.
A number of equities research analysts recently commented on the stock. Credit Suisse Group AG assumed coverage on shares of Unum Group in a report on Friday, October 7th. They set a “neutral” rating and a $42.00 price target for the company. Zacks Investment Research upgraded shares of Unum Group from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Tuesday, September 27th. Goldman Sachs Group Inc. upped their price target on shares of Unum Group from $30.00 to $33.00 and gave the company a “sell” rating in a report on Friday, September 23rd. Wells Fargo & Co. assumed coverage on shares of Unum Group in a report on Thursday, September 22nd. They set a “market perform” rating for the company. Finally, Morgan Stanley upped their price target on shares of Unum Group from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday, July 28th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Unum Group presently has a consensus rating of “Hold” and a consensus price target of $36.46.
In related news, Director Thomas R. Watjen sold 40,000 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $33.24, for a total value of $1,329,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Fiera Capital Corp raised its position in shares of Unum Group by 1.1% in the second quarter. Fiera Capital Corp now owns 84,500 shares of the company’s stock valued at $2,686,000 after buying an additional 900 shares during the last quarter. Point72 Asia Hong Kong Ltd acquired a new position in shares of Unum Group during the second quarter valued at about $134,000. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Unum Group during the second quarter valued at about $577,000. Paloma Partners Management Co raised its position in shares of Unum Group by 2.5% in the second quarter. Paloma Partners Management Co now owns 90,694 shares of the company’s stock valued at $2,883,000 after buying an additional 2,172 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its position in shares of Unum Group by 2.2% in the second quarter. Panagora Asset Management Inc. now owns 19,642 shares of the company’s stock valued at $624,000 after buying an additional 429 shares during the last quarter. Institutional investors own 93.67% of the company’s stock.
Unum Group Company Profile
Unum Group is a provider of disability insurance products in the United States and the United Kingdom. The Company provides a portfolio of other insurance products, including employer and employee paid group benefits, life insurance and other related services. Its segments are Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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