Today: Unum Group (UNM) Declares $0.20 Quarterly Dividend

Today: Unum Group (UNM) Declares $0.20 Quarterly Dividend

Unum Group (NYSE:UNM) announced a quarterly dividend on Friday, October 14th. Stockholders of record on Monday, October 31st will be given a dividend of 0.20 per share on Friday, November 18th. This represents a $0.80 annualized dividend and a dividend yield of 2.20%.

Shares of Unum Group (NYSE:UNM) opened at 36.37 on Monday. The stock has a 50 day moving average of $35.50 and a 200 day moving average of $33.94. Unum Group has a 12-month low of $23.99 and a 12-month high of $37.26. The stock has a market capitalization of $8.53 billion, a P/E ratio of 10.02 and a beta of 1.50.

Unum Group (NYSE:UNM) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.99 EPS for the quarter, beating the Thomson Reuters’ 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 business earned $2.76 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same quarter last year, the firm posted $0.90 earnings per share. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts anticipate that Unum Group will post $3.86 EPS for the current fiscal year.

Several research analysts have recently commented on UNM shares. Wells Fargo & Co. started coverage on shares of Unum Group in a research note on Thursday, September 22nd. They issued a “market perform” rating for the company. Credit Suisse Group AG began coverage on shares of Unum Group in a research note on Friday, October 7th. They issued a “neutral” rating and a $42.00 price objective for the company. Goldman Sachs Group Inc. raised their target price 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. Evercore ISI began coverage on shares of Unum Group in a report on Wednesday, July 6th. They issued a “sell” rating and a $29.00 target price on the stock. Finally, Zacks Investment Research cut shares of Unum Group from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Four 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 company’s stock. The company currently has an average rating of “Hold” and an average price target of $36.46.

In other news, Director Thomas R. Watjen sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $33.24, for a total transaction of $1,329,600.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.62% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. American Century Companies Inc. raised its position in shares of Unum Group by 38.1% in the second quarter. American Century Companies Inc. now owns 5,279,960 shares of the company’s stock worth $167,850,000 after buying an additional 1,455,618 shares during the period. BlackRock Inc. raised its position in shares of Unum Group by 11.8% in the second quarter. BlackRock Inc. now owns 509,241 shares of the company’s stock worth $16,189,000 after buying an additional 53,851 shares during the period. BlackRock Fund Advisors raised its position in shares of Unum Group by 0.8% in the second quarter. BlackRock Fund Advisors now owns 3,688,637 shares of the company’s stock worth $117,262,000 after buying an additional 28,188 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of Unum Group by 2.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 6,526,901 shares of the company’s stock worth $207,490,000 after buying an additional 132,808 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Unum Group during the second quarter worth about $302,000. Institutional investors and hedge funds own 93.67% of the company’s stock.

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